College Financing Workshop. Workshop Agenda. Getting ready- the college calendar How much does College Really Cost Debunking college financing myths Types of financial aid- grants, scholarships, work & loans, academic common market. What is the Net Price Calculator
College Financing Workshop
Submit FAFSA- State of Maryland deadline is March 1.
Notifications from colleges will begin, followed by financial aid award letters.
Watch for email notifications if the school has requested additional documents.
Email notifications may be listed on the student’s college account.
May 1: Send tuition & housing deposits (most schools require this)
MEET ALL DEADLINE DATES
SEE ACADEMIC COMMON MARKET WEB PAGE
Maximum amounts allowed:
Federal Pell Grant: $5,500
TEACH Grant*: $4,000
Federal Stafford Loan: $5,500
Federal Perkins Loan: $5,500
Federal Supplement Educational Opportunity Grant: $4,000
Federal Work-Study: depends on funds available at school
Federal PLUS Loan (for parents only) COA minus other aid received. Must contact school directly for exact estimate.
About 300 questions
Charged a fee to file
Income Information (same as FAFSA)
Home Equity & Retirement Savings
Assets in sibling’s name
Prior Year & Future Year Income (est.)
Open narrative box to add
PRIVATE ABC COLLEGE
COA = $40,000
Minus EFC- -$18,000
Grant for Freshman Year $2,000
President Scholarship* $8,000
Work Study* $5,000
Federal Perkins Loan $3,500
TOTAL BILL (with EFC)
Minus EFC- - $18,000
Federal Perkins Loan $2,000
TOTAL BILL (With EFC)