you can afford college! goucher college explore goucher day 2015 1

You Can Afford College!

GOUCHER COLLEGEEXPLORE GOUCHER DAY 2015

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Goals of Financial Aid

Primary goal is to assist students in paying for college and is achieved by:

Evaluating families’ ability to pay educational costs

Distributing limited resources in an equitable manner

Providing balance of gift aid and self-help aid

Financial Aid Basics

Gift Aid

Grants

Scholarships

Self-Help Aid

Work Study

Loans

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Sources of Financial Aid

Federal

State

Institutional

Private

• Grants• Work Study• Loans

• Scholarships• Grants

• Grants• Scholarships• Work Study

• Scholarships• Tuition

reimbursement

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Determining Financial Need

COA EFC Financial Need

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Cost of attendance

Tuition and fees

Cost of living in dorms (room)

Cost of meal plans on campus (board)

Allowance forBooks and supplies

Allowance formisc. expenses

Allowance forTransportation

+ +

Indirect costs that are not be charged by the college:

+ +

Direct costs typically charged by the college:

Cost of Attendance (COA)

D I R E C T C O S T S

T U I T I O N A N D F E E S : $ 4 2 , 1 8 0

R O O M A N D B O A R D ( O N C A M P U S ) : $ 1 1 , 9 4 2

I N D I R E C T C O S T S

B O O K S A N D S U P P L I E S : $ 1 0 0 0

T R A N S P O R TAT I O N: $ 8 0 0 M I S C E L L A N E O U S E X P E N S E S : $ 1 5 0 0

T O TA L : $ 5 7 , 4 2 2 N O T E - Y O U W I L L N O T PAY $ 5 7 , 4 2 2

2015-2016 COA

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FMEFCExpected Family Contribution

The Free Application for Federal Student Aid (FAFSA) takes into account (to consider for federal and MD State aid): Income (parent(s) and student) Assets (parent(s) and student) Number in Household Number in College Custodial parent only Available January 1

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IMEFCExpected Family Contribution

The CSS Profile: Additional information to consider

a family for institutional aid Available October 1 Looks at primary home value Looks at business/farm value Looks at noncustodial parent Fee- $25

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Deadlines12

Application Options

Admissions Application + Supporting Materials

CSS Profile FAFSA

Early Decision I Nov 15 Dec 1 Feb 1

Early Action/GVADec 1 Feb 1 Feb 1

Regular Decision Feb 1 Feb 15 Feb 15

TransferMay 1 May 1 May 1

What happens next?

Make sure to list GC’s school code on the FAFSA and CSS Profile (002073 and 5257)

GC will import your informationGC may ask you for additional information

(ex. tax forms, citizenship documents…)GC will send you an estimated or actual

award notification (depends on timing)

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Special Situations

If your family experiences a recent change in circumstances (ex. unemployment, high unreimbursed medical expenses, change in martial status…) the financial aid award may be reviewed.

To request a review, complete a Professional Judgment Request (found on our website) and provide the appropriate supporting documentation.

Non-custodial information (needed for CSS Profile) may be waived if circumstances exist.

Merit Scholarships

All students admitted to Goucher, who submitted a high school transcript, are automatically considered for a merit scholarship.

Additional opportunities based on academics, leadership, fine & performing arts.

Merit scholarships are considered as a source of financial aid and are therefore listed on the financial aid notification.

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Other Ways to Pay for College16

Your Own Savings

Parent loans/Alternative (Private) loans

Payment plan

529 Savings & Prepaid Tuition Programs

Military Tuition Assistance/Veterans Benefits

Tuition Waivers

Contact Us!

http://www.goucher.edu/financialaid

Learn more about financial aid

Browse the FAQ’s

We are located in Student Administrative Services (in the courtyard next to Admissions)

Questions?

Thank you for visiting today!

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