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You Can Afford College!
GOUCHER COLLEGEEXPLORE GOUCHER DAY
1
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 Basics3
Sources of Financial Aid4
Determining Financial Need5
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)
DIRECT COSTS
TUITION AND FEES: $40,558
ROOM AND BOARD (ON CAMPUS): $11,482
INDIRECT COSTS
BOOKS AND SUPPLIES: $1000
TRANSPORTATION: $700 MISCELLANEOUS EXPENSES: $1100
TOTAL: $54,840
2014-2015 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
Note: EFC remains the same regardless of college/university
8
www.fafsa.gov9
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
10
Deadlines11
Application Options
Admissions Application + Supporting Materials
CSS Profile FAFSA
Early Decision I Nov 15 Dec 1 Feb 1
Early Action/GVADec 1 Jan 10 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)
12
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 College15
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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