Financial aid process at notre dame
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Financial Aid Process at Notre Dame. Direct Costs. 2014-2015 Charges Tuition/Fees: $33,010 Room and board: $10, 716 Total-$43,726 (direct costs only). Financial Aid Facts. Over 90% of Women’s College students receive aid Average financial aid award for fall 2014-$28,955

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Financial Aid Process at Notre Dame

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Financial aid process at notre dame

Financial Aid Process at Notre Dame


Direct costs

Direct Costs

2014-2015 Charges

  • Tuition/Fees: $33,010

  • Room and board: $10, 716

  • Total-$43,726 (direct costs only)


Financial aid facts

Financial Aid Facts

  • Over 90% of Women’s College students receive aid

  • Average financial aid award for fall 2014-$28,955

  • Average institutional aid award for fall 2014-$16,976


Financial aid process

Financial Aid Process

  • Apply for Aid

  • Receive Award Letter

  • Submit paperwork (if requested)

  • Activate Aid

  • Receive funds twice a year (fall and spring) (September and February)

  • Apply again…


Application process

Application Process

  • Free Application for Federal Student Aid (FAFSA)

  • www.fafsa.gov

  • Available January 1, 2015

  • Our deadline-2/15/15

  • Our code-002065

  • Our [email protected]


Award letter

Award Letter

  • Using the information from the FAFSA, Expected Family Contribution is calculated.

  • Financial Need is determined

  • Award letter is generated


Types of aid

Types of Aid


Scholarships

Scholarships


Institutional aid

Institutional Aid

  • Part of the Admission Process

  • No separate application

  • Must have a completed file with Admissions Office

  • Notifications start in November

  • Range from $9,000/year-full tuition

  • Renewable


State funds

State Funds

  • Available to MD residents

  • Could be transferred from other states

  • Know your legislators

    • www.mdelect.net

  • Could be renewable


External help

External Help

  • Search NOW!

  • Free process – never pay for applications!

  • Check our website

  • Guidance Office

  • Parents’ employers

  • Businesses

  • Organizations and Clubs


Grants

Grants


Loans

Loans


Work study

Work Study

  • On-Campus or Off-Campus

  • Part-Time

  • Gain work experience

  • Flexible hours

  • Need-based

  • FAFSA benefit


Example

Example

  • Charges: $41,000

  • Need Based Aid

    • Institutional Aid: $15,000

    • External Scholarship: $2,000

  • Self help Aid

    • Direct loan: $3,500

    • Perkins loan: $1,000

  • Balance

    • $19,500


Example continued

Example Continued…

  • Balance:

    • $19,500

  • Other Options

    • Parent PLUS Loan

    • Alternative Loan

    • Payment Plan


Facts payment plan

FACTS Payment Plan

  • Online enrollment

  • Several payment options

  • No interest

  • Credit Card/Debit Card


What to do now

What to do now?

  • Apply for admission

  • FAFSA4caster www.fafsa4caster.ed.gov (early estimate of federal aid)

  • Review your finances


Financial planning

Financial Planning

  • Research the costs

  • Have family conversations about affordability and how much of a financial commitment your family is willing to assume

  • Talk to a financial aid counselor for help after the letter is sent.


Online tools

Online tools

  • Net Price Calculator

  • College’s websites

  • College Navigator

  • Maryland Higher Education Commission


Special conditions

Special conditions

  • Change of Income

  • Separation, Divorce, Death

  • High Medical Expenses Paid During 2014 year

  • One-Time Income

  • Parent Attending College


Questions

Questions?

Contact Info:

Office of Financial Aid

Phone- (410) 532-5369

Fax- (410) 532- 6287

[email protected]


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