About TU

Navigating College Finances

The terminology used throughout this site is the same as other information provided by other TU resources.  Links are provided for the office which overseas each topic, or you can use the Search feature by typing in the terminology provided to learn more about that specific topic.

Step 1:  Can You Afford College?  High School Seniors & Freshmen

A first important question to ask yourself is whether or not you can afford to attend the college you are thinking of attending  If you an out-of-state student can you afford to pay the out-of-state tuition rate, and if so, for all four years? Would it make more sense to take some courses at an in-state institution first and then transfer to graduate from your out-of-state choice?

These are the types of questions you need to ask yourself.  But the only and practical way to determine this is to know what the costs and expenses are for the type of student you will be.  Then apply for financial aid.  Finally and most importantly - does the financial aid package you were awarded cover all the costs to pay for college?  If not, then you may need to find other solutions.

To learn more about how you can afford college, watch this video produced by Maryland Public Television.  Maryland Higher Education Commission also has several financial aid informational videos for you to watch to better understand how financial aid funding works for Maryland schools.

Step 2:  A Student's Budget - High School Seniors & Freshmen

Each college and university has different types of costs and expenses which students are required to pay in order to attend classes.  So the first question is - can you afford the costs of the institution to which you are applying? The typical costs that are eligible for funding as determined by Financial Aid.  Tuition, fees, on-campus housing and meal plans will be charged to your online student account:

  • Tuition (costs to enroll in classes)
  • Fees (additional costs, such as lab fee or athletics fee)
  • Books (varies each semester depending on which courses on is taking)
  • Housing (on/off-campus)
  • Food (referred to as meal plans, which off-campus students can purchase)
  • Transportation (car, bus, parking permit)
  • Personal expenses (clothing, health expenses)

Another way expenses are differentiated depends on the type of student a person is which is billed by the Bursar's Office:

  • Undergraduate or graduate
  • Full-time versus part-time
  • On-campus tenant or commuter
  • In-state (Maryland resident) versus out-of-state
  • International (which requires mandatory health insurance)

Step 3:  Understanding How to Fund Your Education - All

US  Department of Education (USDE).  The US Department of Education is a federal agency which offers various programs to help students pay for college through scholarships (free money) and loans (borrowed money that must be repaid). Find out more by watching USDE You Tube videos provided on the link above! 

Free Application for Federal Student Aid - FAFSA.  To determine for how much federal, state and institutional aid you qualify for, you must complete the FAFSA.  You must reapply each year by the priority deadline and it is free to apply.

Financial Aid Office.  TU's Financial Aid Office is responsible for reviewing your FAFSA and determining and mailing (or emailing for upperclassmen) your award package. 

Your Financial Aid Award   Login to your student account to review and determine whether to accept all of it or only part of it.

Financial Services
Administration Building, Fourth Floor (map) (How to use the map link)
Hours: Monday - Friday, 9:30 a.m. - 3:30 p.m.

Phone: 410-704-5269
Fax: 410-704-4910
E-mail: mfortier@towson.edu

Did you know
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• It's good to have money and the things that money can buy, but it's good, too, to check up once in a while and make sure that you haven't lost the things that money can't buy.

- George Horace Lorimer



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