MONEY FOR COLLEGE A LOOK AT STATE AID Maryland Higher Education Commission.

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Presentation transcript:

MONEY FOR COLLEGE A LOOK AT STATE AID Maryland Higher Education Commission

APPLYING FOR STATE AID  Research financial assistance program eligibility requirements  Do not miss deadlines!!  Complete all required forms to apply for financial assistance – starting with the Free Application for Federal Student Aid  Follow-up to ensure all documents are complete  Check their and source of contact for any updates Learn as much as you can about financial assistance opportunities from all sources of aid. Office of Student Financial Assistance

APPLYING FOR STATE AID  Complete and file the Free Application for Federal Student Aid – FAFSA Must be filed each year, as soon as possible after January 1 File on-line at Complete all items Contact a high school or financial aid counselor for assistance if needed  FSA ID only impacts the completion of the FAFSA  Students should continue listing all schools they wish to attend including at least one Maryland Institution  Submit by MARCH 1 each year! Office of Student Financial Assistance

APPLYING FOR STATE AID Students should make sure that they receive a confirmation page after the FAFSA is submitted Student’s name entered on the FAFSA should be the same as on the Social Security card Know their citizenship status We encourage the use of the IRS retrieval button It is ok to use estimated tax information if the most recent tax returns have not yet been filed (e.g. for the FAFSA, it is ok to use 2012 tax information until 2014 return is filed). Don’t forget to update the FAFSA once the most recent tax return have been processed by the IRS What about PPY? Office of Student Financial Assistance

PRIOR-PRIOR YEAR (PPY) Office of Student Financial Assistance When a Student Is Attending College (School Year) When a Student Can Submit a FAFSA Which Year’s Income Information Is Required July 1, 2015–June 30, 2016January 1, 2015–June 30, July 1, 2016–June 30, 2017January 1, 2016–June 30, July 1, 2017–June 30, 2018October 1, 2016–June 30, July 1, 2018–June 30, 2019October 1, 2017–June 30,

Still in planning stages Office of Student Financial Assistance PRIOR-PRIOR YEAR (PPY)

APPLYING FOR STATE FINANCIAL AID- MARYLAND COLLEGE AID PROCESSING SYSTEM (MD CAPS) MDCAPS is the State of Maryland financial aid system You must create a Student Login Profile and then click on the activation link in the message sent to your account, which was provided when you created your account in MD CAPS To create a profile, log onto The MDCAPS account can be created at any time Office of Student Financial Assistance

MARYLAND COLLEGE AID PROCESSING SYSTEM (MD CAPS) Office of Student Financial Assistance

HOWARD P. RAWLINGS PROGRAM OF EDUCATIONAL EXCELLENCE AWARDS  Educational Assistance Grant  Guaranteed Access Grant Office of Student Financial Assistance

EDUCATIONAL ASSISTANCE GRANT: UP TO $3,000 ANNUALLY  New and renewal students must file the FAFSA by March 1 each Year and list at least one Maryland institution on the FAFSA application  Office of Student Financial Assistance (OSFA) will automatically receive their FAFSA information electronically if submitted on or before March 1 st  Students must demonstrate financial need Students with the greatest need and lowest EFC are awarded first; Up to 5,000 was awarded last year  Students must enroll as full-time, degree-seeking undergraduates at a 2-year or 4-year college or university in Maryland  Parents and students must be Maryland residents  Students can not receive this award and the Guaranteed Access Grant  Students have two weeks to accept the grant if awarded Office of Student Financial Assistance

GUARANTEED ACCESS GRANT: UP TO $17,500 ANNUALLY  Apply as a high school senior  Must submit a Guaranteed Access Grant application and FAFSA  Suggested by March 1  must list at least one Maryland institution on the FAFSA  Minimum 2.5 cumulative, unweighted high school GPA  Must complete a college preparatory program  Students must have a high-school diploma Office of Student Financial Assistance

GUARANTEED ACCESS GRANT: UP TO $17,500 ANNUALLY  Students must enroll as full-time, degree-seeking undergraduates at a 2-year or 4-year college or university in Maryland  Parents and students must be Maryland residents  Students have two weeks to accept the grant if awarded  Students can not receive the Guaranteed Access Grant and the Educational Assistance Grant. Office of Student Financial Assistance

LEGISLATIVE SCHOLARSHIPS (SENATORIAL AND DELEGATE)  Senatorial Scholarships  Delegate Scholarships Office of Student Financial Assistance

LEGISLATIVE SCHOLARSHIPS (SENATORIAL AND DELEGATE)  Students should visit for local legislative contact information  Students should be strongly advised to apply Office of Student Financial Assistance

LEGISLATIVE SCHOLARSHIPS (SENATORIAL AND DELEGATE)  All students may apply: High school seniors Undergraduates Graduate students Traditional & non-traditional aged students Career or technical school students  May be used for: Full-time or part-time enrollment Maryland residents only Maryland institutions (may be used out of state in rare circumstances)  Find your local representative at Office of Student Financial Assistance

SENATORIAL SCHOLARSHIP: $400 AND UP ANNUALLY  File FAFSA by March 1  Demonstrate financial need  Awards are renewable for an additional 3 years  Contact Senator for application procedures  Student must accept the award within two weeks of notification  You must have taken the SAT/ACT if required by the institution Note: Senators have the option to award; some do not select recipients but put their funds into other programs administered by OSFA Office of Student Financial Assistance

DELEGATE SCHOLARSHIP: $200 AND UP ANNUALLY  Contact Delegates for application procedures  Must apply each year for an award; awards are not renewable  FAFSA may not be required if awarded by the delegate. A FAFSA will be required if the awards are made by the Office of Student Financial Assistance  Note: Delegates have the option to award; some do not select recipients but put their funds into other programs administered by OSFA Office of Student Financial Assistance

NEW PROGRAMS!!!! Transfer Scholarship Unaccompanied Homeless Youth Exemption Office of Student Financial Assistance

2 + 2 TRANSFER SCHOLARSHIP  Resident of Maryland  Be enrolled at a Maryland community college  Maintain a cumulative 2.5 grade point average on a 4.0 scale while student is enrolled at a Maryland community college  Have earned an associate’s degree from a Maryland community college by the end of the semester in which the applicant plans to transfer  Be accepted for admission in a degree program at a public or private nonprofit institution of higher education in Maryland  Intend to enroll in a 4-year public or private nonprofit institution of higher education in Maryland in order to complete a bachelor’s degree program  Enroll as a full-time student at a 4-year Maryland institution by the fall semester following completion of the associate’s degree  Students required to register with the selective service system, must be in compliance with the registration requirement.  File a Free Application for Federal Student Aid (FAFSA) Office of Student Financial Assistance

UNACCOMPANIED HOMELESS YOUTH EXEMPTION  Child or youth who is not in the physical custody of a parent or guardian and is a homeless child or youth, as defined by the McKinney-Vento Homeless Assistance Act.  When determining whether a youth is an unaccompanied homeless youth, a financial aid administrator must verify that the youth qualifies as an independent student under the Federal College Cost Reduction and Access Act. Office of Student Financial Assistance

UNACCOMPANIED HOMELESS YOUTH EXEMPTION Other eligibility Requirements: Students classified as unaccompanied homeless youth must also:  Be enrolled as a candidate for a vocational certificate, associate’s degree or bachelor’s degree at a public institution of higher education on or before their 25th birthday.  Filed their Free Application for Federal Student Aid (FAFSA) by March 1st each year. Office of Student Financial Assistance

UNIQUE POPULATION AID  Jack F. Tolbert Memorial Student Grant Program  Edward T. Conroy Memorial Scholarship & Jean B. Cryor Memorial Scholarship Program  Veterans of the Afghanistan and Iraq Conflicts Scholarship  Tuition Waiver for Foster Care Recipients - Community College *UPDATES*  Tuition Waiver for Maryland National Guard - Community College  Tuition Waiver for Students with Disabilities - Community College Foster care tuition and fee waiver is now applied first towards the students tuition and fee charges. Resided in an out-of-home placement on his or her 13th birthday and was placed into guardianship or adopted out of an out-of-home placement after his or her 13th birthday; or Been the younger sibling of a child who meets the qualifications stated either in 1 or 2 and was placed into guardianship or adopted concurrently out of an out-of-home placement by the same guardianship or adoptive family. Office of Student Financial Assistance

RESOURCES & INFORMATION Office of Student Financial Assistance

RESOURCES AND INFORMATION Office of Student Financial Assistance College Goal Maryland Federal Student Aid Fastweb

NEW MHEC WEBSITE!! Office of Student Financial Assistance

NEW MDGO4IT! COMING JANUARY 2016 Office of Student Financial Assistance

NEW REQUEST METHODS!! JANUARY 1, 2016 Office of Student Financial Assistance

2016 – 2017 PUBLICATIONS AVAILABLE FOR ORDER 11/30/16 Office of Student Financial Assistance

MARYLAND LIST OF NET PRICE CALCULATORS Office of Student Financial Assistance

LIVE SHOW – WAYS TO PAY FOR COLLEGE – NOVEMBER 23 RD Office of Student Financial Assistance

MHEC ON SOCIAL Office of Student Financial Assistance

FINAL RECOMMENDATIONS  Apply early for Maryland State Aid – Complete and submit the FAFSA each year prior to the March 1 deadline.  Know the State deadline!  Complete all required forms to apply for financial assistance and follow up about your awards.  Apply for as many grants and scholarships as possible.  Remember, parents and students must be Maryland residents for the State of Maryland financial aid awards.  Feel free to use the resources and MHEC! Office of Student Financial Assistance

Maryland Higher Education Commission Office of Outreach and Grants Management and Office of Student Financial Assistance  Telephone number:  Toll free number: 