2. Types of Aid ScholarshipsGrantsLoansWork Study

3. Scholarships Institutional Scholarships State Scholarships External Scholarships

4. Institutional Scholarships Part of the Admission Process No separate application Must have a completed file with the Admissions Office Notifications start in December Range from $8,000-full tuition Renewable

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

6. External Scholarships Search NOW! Free process Check our website Guidance Office Parents’ employers Businesses Organizations and Clubs

7. Grants Federal Grants - Pell Grant -Federal Supplemental Educational Opportunity Grant -TEACH grant -Iraq and Afghanistan Grant State Grants Howard P. Rawlings Educational Assistance Grant Howard P. Rawlings Guaranteed Access Grant Institutional Grants Notre Dame Grant Residence Grant

8. Scholarships are part of the plan for paying for college, but not the entire plan Of students enrolled full-time at a 4-year college:  0.3% get enough grants to cover the full cost of attendance (COA)  1.0% get enough grants to cover 90 % or more of the COA  3.4% get enough grants to cover 75 % or more of the COA  14.3 % get enough grants to cover 50 % or more of the COA Source-”Top Ten Myths About Scholarships” presentation, 9/2011

9. 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) Stafford Loan ($5500/year- $12500/year) Perkins Loan (varies) PLUS Loan (COA-other aid)

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

11. FAFSA Free Application for Federal Student Aid www.fafsa.gov Available January 1, 2012 Our deadline-2/15/12 Our code-002065 IRS Match

12. Financial Aid Process Apply (January-February) Receive Award Letter (March-April) Complete activation steps (May-June) Receive funds twice a year (fall and spring) (September and February) Apply again…

13. What to do now? Apply for a FAFSA PIN www.pin.ed.govwww.pin.ed.gov  PIN for a student  PIN for a parent FAFSA4caster www.fafsa4caster.ed.gov (early estimate of federal aid)www.fafsa4caster.ed.gov Apply for admission

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

15. Special conditions Change of Income Separation, Divorce, Death High Medical Expenses Paid During 2011 year One-Time Income Parent Attending College

16. Questions? Contact Info: Zhanna Goltser zgoltser@ndm.edu (410) 532-5735