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Published byCecilia George Modified over 9 years ago
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Zhanna Goltser College of Notre Dame of Maryland
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Founded in 1873 Located in Baltimore (North Charles Street) Women’s College Weekend College Accelerated College Graduate School Renaissance Institute English Language Institute School of Pharmacy Approximately 3,000 students
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Why Private College Types of Aid How to Apply for Financial Aid Helpful guidelines Helpful websites
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Approximately 1,600 private colleges ◦ Liberal arts ◦ Research universities ◦ Faith-based colleges ◦ Women’s Colleges ◦ Historically-black colleges ◦ Two-Year Colleges ◦ Professional Schools From 100 students to over 30,000 students
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Personal Attention Professor-led classes Smaller Class Sizes Greater Class participation Recognition Community Environment Higher graduation rates in four years Affordable High-Quality Education
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Official Price (example-$40,000) Financial Aid (example-$15,000) Net Price (example-$25,000)
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Financial aid is money available to help students and their parents pay for educational expenses
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FederalState InstitutionalPrivate
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Grants - Money given to students based on need that is not paid back Scholarships - Money given to students based on academic or athletic ability or talent that is not paid back Loans - Money borrowed by students and/or parents that must be paid back with interest Work-study - Money earned by students as payment for work
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Key Form: FAFSA Free Application for Federal Student Aid Biographical Information Household Size Student’s and Parent’s Incomes Assets College Choices www.fafsa.gov www.fafsa.gov Available January 1st
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Early Tool to Estimate Federal Aid www.fafsa4caster.ed.gov www.fafsa4caster.ed.gov Simplified Questions Available now
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College Board application Online only Required by some schools in addition to FAFSA www. profileonline.collegeboard.com Available October 1 st.
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Knowledgeable Better Communication Source for External scholarships
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Apply for admissions Apply for financial aid Receive a financial aid award letter after acceptance Accept financial aid (if the office requires) Submit documentation to the financial aid department Receive the funds (Aug/Jan)
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What aid is grants/scholarships? Does an award letter provide financial aid for both direct and indirect expenses? How much a family needs to take out in loans? What types of aid are renewable?
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Communicate about the changes in family incomes or circumstances not listed on a financial aid application Send award letters from other schools for comparison and discussion Don’t ask for unreasonable amount Don’t bargain with a financial aid office
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New federal law Colleges must comply by October, 2011 Excellent tool to estimate aid
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www.ucan-network.org www.ucan-network.org https://nces.ed.gov/collegenavigator https://nces.ed.gov/collegenavigator www.mhec.state.md.us www.mhec.state.md.us www.college.gov www.college.gov www.fastweb.com www.fastweb.com www.ndm.edu www.ndm.edu www.fafsa.govwww.fafsa.gov www.finaid.org www.finaid.org
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Apply Early! Make and Maintain a Financial Aid File If you have questions – please ask for assistance from a financial aid professional. Check with your college/university for other applications and/or deadlines. Keep copies of information and/or documents you submit to the financial aid office.
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Office of Financial Aid 410-532-5369 finaid@ndm.edu www.ndm.edu/financialaid
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