Financial Aid

The U.S. Department of Education's website.  Learn about preparing for college, types of aid, how to qualify for aid, how to apply for aid and how to manage loans.


Financial Aid Workshops at MCPS high schools

Financial Aid 101 powerpoint presentation

Sallie Mae's financial aid resource site including helpful videos, :

What is Financial Aid?

Financial aid is money that helps pay for college. Merit-based aid is money given to students with special talents, skills, or abilities, while need-based aid is available to those students who demonstrate financial need.

What Kinds of Financial Aid are Available?

Grants and scholarships are gifts that do not have to be paid back. Grants are usually given because the student has financial need, while scholarships are usually given to recognize the student's academic achievement, athletic ability or other talent. Loans must be repaid, usually with interest, after the student graduates or stops going to school. Employment, usually called work-study, allows the student to work and earn money to help pay for school. These jobs are usually on-campus.

Who Should Apply for Need-Based Financial Aid?

All students should apply for need-based financial aid. Many families mistakenly think they may not qualify for this type of aid based on their income and assets. However, if students choose not to apply for need-based financial aid, they may be closing the door on opportunities that could help pay for college. There are other sources of financial assistance available regardless of need, but most require that the student file the Free Application for Federal Student Aid (FAFSA) first.

How Can I Forecast Our Need for Financial Aid?

If you wish to begin exploring your financial aid options and get an early start on the financial aid process, FAFSA4caster is for you! By using FAFSA4caster  , you and your family will receive an early estimate of eligibility for federal student aid. This website helps you become familiar with the various types of aid that are available and investigate other sources of aid, such as grants & scholarships. The website is: and it appears in English & Spanish.

How Does A Student Apply For Need-Based Financial Aid?

The FAFSA is the form used to apply for need-based financial aid. The student must complete the FAFSA to apply for Maryland's need-based grants, as well as for federal financial aid and other aid from colleges. The FAFSA should be submitted earlier this year (available online in October 2018 using your 2017 tax documents to complete) to be considered for need-based aid from the State of Maryland, and students must apply every year. Check out the FAFSA4caster, a tool to help you plan and estimate your share of college costs (see bottom right of the FAFSA homepage).

The US Department of Education supplies and processes the FAFSA. The processed information is then sent to the Office of Student Financial Assistance and to all the colleges listed on the form. Many private colleges require that the student complete one or more supplemental application forms, such as the CSS Profile, to apply for institutional financial aid. Ask the colleges for information about any additional applications they may require.

Students are encouraged to complete the FAFSA online from a home computer or from a computer at the high school or college and submit the application online at Be sure to apply for an FSA ID number for both the student and the parent in order to “sign” the electronic application. The FAFSA is processed within one week.

Selective Service Registration - If you are male and will be 18 within 30 days, you must register with the Selective Service. Failure to register or otherwise comply with the Military Selective Service Act is, upon conviction, punishable by a fine of up to $250,000, imprisonment for up to five years, or both. In addition, Federal and certain State laws require registration as a prerequisite for obtaining student financial aid, job training, government employment, and U.S. naturalization.

Financial Aid From the State of Maryland

Each year, the State of Maryland awards more than $48 million in financial aid to over 35,000 Maryland residents. Maryland students use this aid at community colleges, private colleges and universities, private career schools, and the state's 13 public four-year campuses. Students can download applications for Maryland State Scholarships and Assistance Programs, including the Guaranteed Access Grant and other grants or scholarship opportunities offered by the state of Maryland. Be sure to investigate the senatorial or delegate scholarship opportunities in your legislative district, as well.

NEW! Maryland Community College Promise Scholarship

The purpose of the scholarship is to provide tuition assistance, up to $5000 per year, for in-state students to attend a community college in Maryland.  Students must have a cumulative GPA of 2.3 and an annual adjusted gross income of not more than $100,000 for single parent households or $150,000 for a two-parent household from the prior-prior tax year.  Students must enroll in at least 12 credits per semester and must complete the Free Application for Federal Student Aid (FAFSA) each year.  Students must also complete the supplemental application online through your MDCAPS account found at Award recipients must sign a service obligation agreement at the time of their initial award agreeing to begin full-time employment in the state of Maryland within one year after completion of the associate's, vocational certificate, or certificate.  This can be deferred if the student will be attending a 4 year college immediately after.  The student must maintain employment in the state of Maryland for at least one year for each year that they received the scholarship or the scholarship will convert into a loan.