maryland state financial aid!

20
An Overview of Maryland’s Financial Aid Maryland State Financial Aid! 1 Maryland Higher Education Commission

Upload: giulio

Post on 25-Feb-2016

52 views

Category:

Documents


0 download

DESCRIPTION

Maryland Higher Education Commission. Maryland State Financial Aid!. An Overview of Maryland’s Financial Aid . Types and Sources of Assistance. Types of Aid Grants Scholarships Loans Work-Study. Sources of Aid Federal State Institution Private Other. - PowerPoint PPT Presentation

TRANSCRIPT

Page 1: Maryland State Financial Aid!

An Overview of Maryland’s Financial Aid

Maryland State Financial Aid!

1

Maryland Higher Education Commission

Page 2: Maryland State Financial Aid!

Types of AidGrants ScholarshipsLoansWork-Study

2

Types and Sources of Assistance

Sources of Aid Federal State Institution Private Other

Office of Student Financial Assistancewww.mhec.state.md.us

Page 3: Maryland State Financial Aid!

File the Free Application for Federal Student Aid – FAFSA -each year, as soon as possible after January 1 File on-line at www.fafsa.gov Complete all items.

Parents and students must apply for a P.I.N. to sign electronically

List all schools including at least one Maryland Institution

Submit by MARCH 1 each year!

3

For Maryland State Aid - File the FAFSA…

Office of Student Financial Assistancewww.mhec.state.md.us

Page 4: Maryland State Financial Aid!

MD CAPS is the State of Maryland financial aid system

You must create a Student Login Profile and then click the activation link in the message sent to your email account, which was provided when you created your account in MD CAPS

To create a profile, log onto https://mdcaps.mhec.state.md.us.

The MD CAPS account can be created at any time

4

Maryland College Aid Processing System (MD CAPS)

Office of Student Financial Assistancewww.mhec.state.md.us

Page 5: Maryland State Financial Aid!

Need-Based Howard P. Rawlings Educational Assistance GrantHoward P. Rawlings Guaranteed Access Grant

Legislative Senatorial Scholarships Delegate Scholarships

5

Understanding the Types of Maryland State Aid

Office of Student Financial Assistancewww.mhec.state.md.us

Page 6: Maryland State Financial Aid!

New and renewal students must file the FAFSA by March 1 Each Year

Office of Student Financial Assistance (OSFA) will receive FAFSA information electronically (if submitted on time)

Students must demonstrate financial need (Students with the greatest need and lowest EFC are awarded

first)Students must enroll as full-time, degree-seeking

undergraduates at a 2-year or 4-year college or university in Maryland

Parents and students must be Maryland residents

6

Educational Assistance Grant: up to $3,000 annually

Office of Student Financial Assistancewww.mhec.state.md.us

Page 7: Maryland State Financial Aid!

Apply as a high school senior – once out of high school you may not apply

Must submit a Guaranteed Access Grant application and FAFSASuggested by March 1

Minimum 2.5 cumulative, unweighted high school GPA (calculation)Must complete a college preparatory programStudents must have a high-school diplomaStudents must enroll as full-time, degree-seeking undergraduates at a 2-

year or 4-year college or university in MarylandParents and students must be Maryland residentsConditions of Award guidelinesVerification

7

Guaranteed Access Grant: up to $16,100 annually

Office of Student Financial Assistancewww.mhec.state.md.us

Page 8: Maryland State Financial Aid!

All students may apply: High school seniors Undergraduates Graduates Career or technical school students

May be used for: Full-time or part-time enrollment Maryland residents only Maryland institutions (may be used out of state in

rare circumstances – unique majors)

8

Legislative (Senatorial and Delegate) Scholarships

Office of Student Financial Assistancewww.mhec.state.md.us

Page 9: Maryland State Financial Aid!

File FAFSA by March 1 Demonstrate financial need Awards are renewable for an additional 3 years Students are required to take the ACT/SAT. A student is

only exempt if attending an eligible institution:completed one year of postsecondary education in good academic

standing, accepted for admissions at an eligible private school, or planning to attend or attending a Maryland Community College.

Contact Senator for application proceduresNote: Senators have the option to award; some do not select recipients but put their funds into other programs administered by OSFA

9

Senatorial Scholarship: $400 and up annually

Office of Student Financial Assistancewww.mhec.state.md.us

Page 10: Maryland State Financial Aid!

Contact Delegates for application procedures Must apply each year for an award; awards are not renewable

FAFSA may not be required.

Note: Delegates have the option to award; some do not select recipients but put their funds into other programs administered by OSFA

10

Delegate Scholarship: $200 and up annually

Office of Student Financial Assistancewww.mhec.state.md.us

Page 11: Maryland State Financial Aid!

Charles W. Riley Fire and Emergency Medical Services Tuition Reimbursement Program

Maryland Loan Assistance Repayment Program for Physicians (MLARP)

Nurse Support Program II - Graduate Nursing Faculty Scholarship and Living Expenses Grant

Tuition Reduction for Non-Resident Nursing Students

Workforce Shortage Student Assistance Grant Program

Janet L. Hoffman Loan Assistance Repayment Program (LARP)

Maryland Dent-Care Loan Assistance Repayment Program (MDC-LARP)

John R. Justice Grant Program

11

Career-Based Programs

Office of Student Financial Assistancewww.mhec.state.md.us

Page 12: Maryland State Financial Aid!

Jack F. Tolbert Memorial Student Grant Program

Edward T. Conroy Memorial Scholarship

Veterans of the Afghanistan and Iraq Conflicts Scholarship

Tuition Waiver for Foster Care Recipients

Tuition Waiver for Maryland National Guard

Tuition Waiver for Students with Disabilities

12

Unique Population Aid

Office of Student Financial Assistancewww.mhec.state.md.us

Page 13: Maryland State Financial Aid!

Let’s talk “Tuition Waiver” for Foster Care Recipients

You must enroll in an associate’s degree, bachelor’s degree or vocational certificate program before the age of 25.

There is a five-year time limit on the tuition waiver when enrolled in an associate’s or bachelor’s degree program.

You must complete the FAFSA annually by March 1, each year, to apply for federal and state financial aid.

Your scholarships and grants should not be applied to tuition and mandatory fees.

13

Tuition Waiver

Office of Student Financial Assistancewww.mhec.state.md.us

Page 14: Maryland State Financial Aid!

Let’s talk “Tuition Waiver” for Foster Care Recipients

You are eligible for the tuition and mandatory fee waiver to attend a Maryland public institution of higher education -

If you reside in an out-of-home placement when graduating high school or successfully complete the general equivalency development (GED) exam.

If you are adopted from an out-of-home placement after your 13th birthday.

Your younger siblings are eligible if he/she is adopted by the same family from an out-of-home placement.

When you are placed into guardianship or adopted out of an out-of-home placement by a guardianship family.

14

Tuition Waiver

Office of Student Financial Assistancewww.mhec.state.md.us

Page 15: Maryland State Financial Aid!

Let’s talk “Tuition Waiver” for Student with Disabilities

Students receiving Supplemental Security Income (SSI) or Social Security Disability Insurance (SSDI) benefits are eligible. Students must provide proof from the Social Security Administration (SSA) of receiving SSI or SSDI benefits.

Students are exempt from paying tuition at community colleges in Maryland for up to 12 credit hours per semester if a student is taking classes as part of a degree or a certificate program designed to lead to employment (The waiver is limited to 6 credit hour credit hours if a student is enrolled for any other reason).

A course must have at least 10 enrolled students for the waiver to apply.

15

Tuition Waiver

Office of Student Financial Assistancewww.mhec.state.md.us

Page 16: Maryland State Financial Aid!

Let’s talk “Tuition Waiver” for Student with Disabilities

The tuition waiver applies to any balance on tuition after any grants and scholarships received have been applied to the tuition and fees.

The waiver must be requested each time the student enrolls and file a FAFSA.

Helpful websites - Transitioning Youth (http://mdtransition.org/). Information and resources on transition planning, postsecondary education, employment services, and more and Maryland Department of Disabilities – Education (http://www.mdod.maryland.gov/Education%20Home.aspx)

16

Tuition Waiver

Office of Student Financial Assistancewww.mhec.state.md.us

Page 17: Maryland State Financial Aid!

Apply early for Maryland State Aid – Complete and submit the FAFSA each, year prior to the March 1 deadline

Know deadlines at the colleges and universities to which you are applying

Remember, parents and students must be Maryland residents for State of Maryland awards

Seek advice from financial aid professionals

17

Final Recommendations

Office of Student Financial Assistancewww.mhec.state.md.us

Page 18: Maryland State Financial Aid!

18

Page 19: Maryland State Financial Aid!

QUESTIONS?

19

The Maryland Higher Education Commission

Office of Student Financial Assistancewww.mhec.state.md.us

Page 20: Maryland State Financial Aid!

Office of Outreach and Grants Managementand

Office of Student Financial Assistance

Telephone number: 410-767-3300 Toll free number: 1-800-974-0203 E-mail: [email protected]

20

The Maryland Higher Education Commission

Office of Student Financial Assistancewww.mhec.state.md.us