tuition and fees 2012-2013 charges tuition: $29, 850 fees: $1,000 room and board: $10, 150
TRANSCRIPT
Financial Aid Process at Notre
Dame
Tuition and Fees2012-2013 Charges
Tuition: $29, 850
Fees: $1,000
Room and board: $10, 150
Types of Aid
Scholarships Grants Loans Work Study
ScholarshipsInstitutional Scholarships
State Scholarships
External Scholarships
Institutional AidPart of the Admission Process
No separate application
Must have a completed file with Admissions Office
Notifications start in December
Range from $8,000-full tuition
Renewable
State FundsAvailable to MD residents
Could be transferred from other states
Know your legislators
www.mdelect.net
Could be renewable
External HelpSearch NOW!
Free process – never pay for applications!
Check our website
Guidance Office
Parents’ employers
Businesses
Organizations and Clubs
GrantsFederal 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
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)
Work StudyOn-Campus or Off-Campus
Part-Time
Gain work experience
Flexible hours
Need-based
FAFSA benefit
ExampleCharges: $41,000
Need Based Aid Institutional Aid: $15,000 External Scholarship: $2,000
Self help Aid Stafford loan: $3,500 Perkins loan: $1,000
Balance $19,500
Example Continued…Balance:
$19,500
Other Options Parent PLUS Loan
Alternative Loan
Payment Plan
FACTS Payment Plan
Online enrollment
Several payment options
No interest
Credit Card/Debit Card
FAFSAFree Application for Federal Student Aid
www.fafsa.gov
Available January 1, 2013
Our deadline-2/15/13
Our code-002065
IRS Match
Financial Aid Process
Apply
Receive Award Letter
Activate Aid
Receive funds twice a year (fall and spring) (September and February)
Apply again…
What to do now?Apply for a FAFSA PIN www.pin.ed.gov
PIN for a student PIN for a parent
FAFSA4caster www.fafsa4caster.ed.gov (early estimate of federal aid)
Apply for admission
Online toolsNet Price Calculator
College’s websites
College Navigator
Maryland Higher Education Commission
Special conditionsChange of Income
Separation, Divorce, Death
High Medical Expenses Paid During 2012 year
One-Time Income
Parent Attending College
Access this presentation
Notre Dame of MD University (www.ndm.edu)
> Prospective Students
> Financial Aid
> Additional Resources
> Financial Aid 101
Questions?
Contact Info:
Office of Financial AidPhone- (410) 532-5369Fax- (410) 532- [email protected]