2. Direct Costs 2014-2015 Charges Tuition/Fees: $33,010 Room and board: $10, 716 Total-$43,726 (direct costs only)

3. Financial Aid Facts Over 90% of Women’s College students receive aid Average financial aid award for fall 2014- $28,955 Average institutional aid award for fall 2014-$16,976

4. Financial Aid Process Apply for Aid Receive Award Letter Submit paperwork (if requested) Activate Aid Receive funds twice a year (fall and spring) (September and February) Apply again…

5. Application Process Free Application for Federal Student Aid (FAFSA) www.fafsa.gov Available January 1, 2015 Our deadline-2/15/15 Our code-002065 Our email-finaid@ndm.eduemail-finaid@ndm.edu

6. Award Letter Using the information from the FAFSA, Expected Family Contribution is calculated. Financial Need is determined Award letter is generated

7. Types of Aid ScholarshipsGrantsLoansWork Study

8. Scholarships Institutional Scholarships State Scholarships External Scholarships

9. Institutional Aid Part of the Admission Process No separate application Must have a completed file with Admissions Office Notifications start in November Range from $9,000/year-full tuition Renewable

10. State Funds Available to MD residents Could be transferred from other states Know your legislators  www.mdelect.net www.mdelect.net Could be renewable

11. External Help Search NOW! Free process – never pay for applications! Check our website Guidance Office Parents’ employers Businesses Organizations and Clubs

12. Grants Institutional Grant- Residence Grant Federal Grants - Pell Grant -Federal Supplemental Educational Opportunity Grant (SEOG) -TEACH grant - Iraq and Afghanistan Grant State Grants - Howard P. Rawlings Educational Assistance Grant - Howard P. Rawlings Guaranteed Access Grant

13. Loans Funds from school Revolving Fund Fixed Interest No Credit Check Repayment begins 9 months after leaving school Funds from the USDE Fixed interest Credit-based loan Repayment could be deferred Funds from the USDE Subsidized/Unsubsidized Fixed Interest No Credit Check Repayment begins 6 months after leaving school Funds from the private lenders Adjustable interest Credit-based loan May need to have a co- signer Private Alternative Loans (COA- other aid) Direct Loan ($5500/year- $12500/year) Perkins Loan (varies) PLUS Loan (COA-other aid)

14. Work Study On-Campus or Off-Campus Part-Time Gain work experience Flexible hours Need-based FAFSA benefit

15. Example Charges: $41,000 Need Based Aid  Institutional Aid: $15,000  External Scholarship: $2,000 Self help Aid  Direct loan: $3,500  Perkins loan: $1,000 Balance  $19,500

16. Example Continued… Balance:  $19,500 Other Options  Parent PLUS Loan  Alternative Loan  Payment Plan

17. FACTS Payment Plan Online enrollment Several payment options No interest Credit Card/Debit Card

18. What to do now? Apply for admission FAFSA4caster www.fafsa4caster.ed.gov (early estimate of federal aid)www.fafsa4caster.ed.gov Review your finances

19. Financial Planning Research the costs Have family conversations about affordability and how much of a financial commitment your family is willing to assume Talk to a financial aid counselor for help after the letter is sent.

20. Online tools Net Price Calculator College’s websites College Navigator Maryland Higher Education Commission

21. Special conditions Change of Income Separation, Divorce, Death High Medical Expenses Paid During 2014 year One-Time Income Parent Attending College

22. Questions? Contact Info: Office of Financial Aid Phone- (410) 532-5369 Fax- (410) 532- 6287 finaid@ndm.edu