1. McDaniel College
Title of Presentation
FAFSA

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

3. 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

4. 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.

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

6. FAFSA

7. Login with Student Data Entered
“Login” page with the applicant’s data entered.

8. Login with Student Data Entered
“Login” page with the applicant’s data entered.

9. Login with Student Data Entered
“Login” page with the applicant’s data entered.

10. Login with Student Data Entered

11. Login with Student Data Entered
“Login” page with the applicant’s data entered.

12. Login with Student Data Entered
“Login” page with the applicant’s data entered.

13. Login with Student Data Entered
“Login” page with the applicant’s data entered.

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

15. Login with Student Data Entered
“Login” page with the applicant’s data entered.

16. Login with Student Data Entered
“Login” page with the applicant’s data entered.

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

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

19. Login with Student Data Entered
“Login” page with the applicant’s data entered.

20. Login with Student Data Entered
“Login” page with the applicant’s data entered.

21. 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)
“Login” page with the applicant’s data entered.

22. Login with Student Data Entered
“Login” page with the applicant’s data entered.

23. Login with Student Data Entered
“Login” page with the applicant’s data entered.

24. Login with Student Data Entered
“Login” page with the applicant’s data entered.

25. Login with Student Data Entered
“Login” page with the applicant’s data entered.

26. Login with Student Data Entered
“Login” page with the applicant’s data entered.

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

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

33. 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)

34. 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

35. What happens after the FAFSA is filed?
Information is sent to schools listed on the FAFSA
is sent to a student with a link to his/her SAR
(Student Aid Report)
Parent is sent an 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

36. 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)

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

38. Types of Financial Aid

39. 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

40. 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

42. Contact Information
McDaniel College
2 College Hill
Westminster, MD 21157
Phone:
Fax: