McDaniel College Title of Presentation FAFSA 2018-2019

Topics Introduction Home Page and Login Completing the FAFSA Common Errors What Happens after the FAFSA Questions?

About McDaniel Small, private liberal arts college in Westminster, MD 1,669 undergraduate students Average class size of 16 students, 12:1 Student to Faculty Ratio 39% of students take advantage of global study opportunities worldwide, include McDaniel campus in Budapest 250+ Research Projects 90% of classes are taught by full-time faculty with Ph.Ds 24 Sports in the Centennial Conference Recognized as one of the 40 Colleges that Change Lives

McDaniel College Scholarships Presidential Scholarships range from $27,000 annually to full tuition. Educator’s Legacy Scholarship $100,000 scholarship ($25,000 per year) for sons and daughters of K-12 school employees The Dorsey Scholars Program is the most prestigious scholarship competition at McDaniel, and these scholarships are valued at full tuition, room and board for four years. McDaniel College also provides other generous academic scholarships and need-based grants.

Financial Aid Process Use Net Price Calculator to estimate cost Complete FAFSA Receive Admission Letter Financial Aid Award Letter

FAFSA

Login with Student Data Entered 2017-18 “Login” page with the applicant’s data entered.

Login with Student Data Entered 2017-18 “Login” page with the applicant’s data entered.

Login with Student Data Entered 2017-18 “Login” page with the applicant’s data entered.

Login with Student Data Entered

Login with Student Data Entered 2017-18 “Login” page with the applicant’s data entered.

Login with Student Data Entered 2017-18 “Login” page with the applicant’s data entered.

Login with Student Data Entered 2017-18 “Login” page with the applicant’s data entered.

Login with Student Data Entered Common Error 2017-18 “Login” page with the applicant’s data entered.

Login with Student Data Entered 2017-18 “Login” page with the applicant’s data entered.

Login with Student Data Entered 2017-18 “Login” page with the applicant’s data entered.

Login with Student Data Entered If you are MD resident list a school in MD to be considered of MD State aid programs 2017-18 “Login” page with the applicant’s data entered.

Login with Student Data Entered 2017-18 “Login” page with the applicant’s data entered.

Login with Student Data Entered 2017-18 “Login” page with the applicant’s data entered.

Login with Student Data Entered 2017-18 “Login” page with the applicant’s data entered.

Login with Student Data Entered Providing Financial Information 2016 Tax Year Information is Required Student and Parent Financial Information Two ways to provide tax information Direct Transfer from IRS (Recommended) More accurate but parent cannot review or change Hand Enter Tax Information More chance of mistakes Can be confusing Special Circumstances (if income change from 2016 to present) 2017-18 “Login” page with the applicant’s data entered.

Login with Student Data Entered 2017-18 “Login” page with the applicant’s data entered.

Login with Student Data Entered 2017-18 “Login” page with the applicant’s data entered.

Login with Student Data Entered 2017-18 “Login” page with the applicant’s data entered.

Login with Student Data Entered 2017-18 “Login” page with the applicant’s data entered.

Login with Student Data Entered 2017-18 “Login” page with the applicant’s data entered.

se information about the parent you lived with most during the last 12 months

You may be asked to provide the amount of your assets on the day you complete the FAFSA

Common Errors Completed FAFSA for Wrong Academic Year Wrong names and SSN Incorrect student demographic information Not reporting a step-parent on the FAFSA Reporting a wrong household size/number in college Not signing the FAFSA Issues with reporting income for separated parents Entering parent information in the student’s section for income data Listing only one college (Among first-time filing freshmen, only 32% report more than one school)

Special Circumstances Change in income Change in employment status Unusual medical expenses not covered by insurance Change in parent marital status Unusual dependent care expenses Student cannot obtain parental information

What happens after the FAFSA is filed? Information is sent to schools listed on the FAFSA Email is sent to a student with a link to his/her SAR (Student Aid Report) Parent is sent an email with important information Schools will award accepted applicants only Check with each school on when award letters will be generated Award letters may be mailed or available online

Timeline FAFSA Available beginning October 1st School Deadline Verify with College’s Financial Aid Office Award Letters Received after college acceptance Deposit Date May 1st Commitment to a School Balance Due See invoice from Bursar’s office (summer)

Financial Aid Lingo Cost of Attendance (COA) Expected Family Contribution (EFC) Categories, Types and Sources of Financial Aid

Types of Financial Aid

Understanding your Award Letter Award letters will be sent electronically or via paper to show your financial aid eligibility Be sure to accept or decline the aid offered and return by any specified deadlines

Funding the Remaining Balance Cash Payment Installment Payment Plan with College External Scholarships ROTC Scholarships PLUS Loan (parent) Private Education Loans for Student Home Equity Loans

Contact Information McDaniel College 2 College Hill Westminster, MD 21157 Phone:410-857-2233 Fax: 410-386-4608 Email: arlee@mcdaniel.edu