Financial Aid
Shelby Hill
She/Her/Ella
Assistant Director of Financial Aid Scholarships & Outreach
1st Generation College Graduate
Agenda
1 | 2 | 3 | 4 | 5 | 6 |
Financial Aid Basics | Federal Student Aid & the FAFSA | State Aid | Institutional Aid | Private Aid | Aid from Employers |
What is Financial Aid?
Financial aid consists of funds provided to students and families to help pay for postsecondary educational expenses
Scholarships
Work-Study
Employment
Grants
Loans
Gift Aid
Self-Help Aid
Sources of Financial Aid
Federal
State
Institutional
Private
Employers
Federal
Largest source of financial aid
Aid provided primarily based on financial need
Must apply each year using the FAFSA
Eligibility requirements must be met
Cost of Attendance (COA)
Tuition and fees
Housing and food
Books and supplies
Transportation
Miscellaneous and personal
Student Aid Index (SAI)
Number resulting from the evaluation of a student’s (and family’s) approximate financial resources for a student’s postsecondary education
Student contribution
Parent contribution
(for dependent students)
Determining Financial Need
Cost of attendance (COA) – Student aid index (SAI) = Financial need |
December 2023 availability date | March 1st priority deadline for some state aid programs | Contributors should create FSA ID & password now by visiting studentaid.gov | Collects demographic and financial information used to calculate the Student Aid Index (SAI) | Institutions and scholarship organizations use SAI to determine eligibility for aid | 2022 tax data will be used to complete the 2024-2025 FAFSA |
Contributors
FUTURE Act Direct Data Exchange (FA-DDX)
Determining Dependency Status
Special Circumstances
Secondary school tuition
Unusual uncovered medical/dental expenses
Extraordinary dependent care
Loss of employment or income
Divorce
Parent or spouse death
Unusual Circumstances
Emancipated Minor / Legal Guardianship
Legally granted refugee or asylum status
Orphaned at age 13 or older
Unaccompanied Homeless Youth
Incarceration
Foster Care
What Happens Next?
Borrowing Student Loans
Did you know?
Students must comply with different policies to maintain eligibility for aid. Examples include:
State Aid �
Residency requirements apply
Aid provided based on both merit and need
Information from FAFSA, MSFAA, or MD One App is used to determine eligibility
Maryland’s priority deadline is March 1st
Must include at least one MD school on the FAFSA to be considered for state aid
�Maryland Higher Education Commission (MHEC)
Maryland State Financial Aid
mhec.state.md.us
Maryland State Financial Aid
mhec.state.md.us
Available for students who are undocumented and meet certain eligibility criteria | Determines eligibility for state financial aid | March 1st is the priority deadline for most State financial aid programs | There may be additional steps you must complete in MDCAPS after submitting the MSFAA. | The Financial Aid Office is available to assist you if you need help with the MSFAA! |
Maryland State Financial Aid Application
(MSFAA)
Maryland Community College Promise Scholarship
*unless student graduated high school five or more years ago OR student earned a GED.
Contact your State Senator & State Delegate www.mdelect.net | Applications may be submitted in February & awards are typically made by May. | Need-based & non-need-based opportunities are available! |
Institutional
Aid provided based on both merit and financial need
Aid may be gift aid or self-help aid
Use information from the FAFSA and/or institutional applications
Deadlines and application requirements vary by institution
FCC Foundation Scholarships
Fall: February 1st – June 15th
Spring: October 1st – December 31st
Summer scholarships may be available – inquire with the FCC Foundation in early May.
Apply online:
https://www.frederick.edu/foundation/scholarships.aspx
Private
Foundations, businesses, churches, civic,�and charitable organizations
Deadlines and applications procedures vary
Begin researching private sources early
$2.2 million awarded to Frederick County students in 2022!
https://www.frederickcountygives.org/
Application is available online from 2/15-3/15/2024
External Scholarship Searches
Employers
May have scholarships available�for the children of employees
The student’s employer may offer
educational benefits
Continuing Education & Workforce Development
There are financial aid opportunities available for students wishing to pursue CEWD programs!
Continuing Education & Workforce Development – direct link to view CEWD programs
Financial Assistance Request Form - complete this form if you are interested in a CEWD program & a College representative will contact you to go over opportunities you may be eligible for!
Examples of opportunities:
Recommendations from the Financial Aid Office
Start the process early
Stay Engaged
Ask Questions…
lots of ‘em!
APPLY FOR AS MANY SCHOLARSHIPS AS POSSIBLE
Avoid Student Loan Debt
Have an understanding of the requirements of any aid you are offered
Join us for FAFSA Finish Workshops!
Date | Time | Location |
Monday, January 8, 2024 | 6:00pm-8:00pm | Urbana High |
Tuesday, January 9, 2024 | 6:00pm-8:00pm | Catoctin High |
Wednesday, January 10, 2024 | 6:00pm-8:00pm | Oakdale High |
Thursday, January 11, 2024 | 6:00pm-8:00pm | Tuscarora High |
Wednesday, January 17, 2024 | 6:00pm-8:00pm | Middletown High |
Thursday, January 18, 2024 | 6:00pm-7:30pm | Brunswick High |
Thursday, February 8, 2024 | 6:00pm-8:00pm | Gov. Thomas Johnson High |
Saturday, February 10, 2024 | 10:am-2:00pm | FCC |
Monday, February 12, 2024 | 5:00pm-7:00pm | Walkersville High |
Tuesday, February 13, 2024 | 6:00pm-8:00pm | Frederick High |
Thursday, February 15, 2024 | 6:00pm-8:00pm | Linganore High |
Links to register will be available here!
FCC Financial Aid Office
Jefferson Hall, 3rd Floor
financialaid@frederick.edu
(301) 846-2620 (option 1)
Monday: 8:30 a.m. - 6:00 p.m.�Tuesday-Friday*: 8:30 a.m. - 4:30 p.m.���*Thursday hours: Open until 6:00 p.m. (January, July, August)
No appointment necessary!
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