Cost of Attendance Lookup the Cost of Attendance for the school(s) you are interested in attending . Colleges and universities determine this each year to set the maximum budget for purposes of determining financial aid funding eligibility.
Direct/Indirect Costs These are determined by the Financial Aid Office. Direct costs are needs for the purpose of study - tuition, fees, books, room and meals. Indirect costs are travel, personal expenses and off-campus housing which also qualify for financial aid funding. Costs vary by undergraduate/graduate status, in/out-of-state residency, etc.
Expected/Unexpected Costs These are different expenses - such as study abroad costs, application fees for graduate school, GRE/GMAT fees, membership fees (fraternity/sorority), graduation robe rental, etc.
Costs May Change Each Year Maryland legislators, University System of Maryland Board of Regents, and/or university officials may change an/or increase cost of attendance rates annually.
Step 2: Can You Afford to Attend This Institution?
Complete a FAFSA to Apply for Financial Aid Each year complete a free FAFSA; this will estimate the type of aid (free scholarship money and/or loans to borrow) for which you may qualify.
Freshman to Senior Graduation If the cost of attendance is hard to finance when you enter as a freshmen, then it most likely will become increasingly more difficult to afford college each year after that.
Taking Classes At Less Expensive Institution One strategy is to consider taking General Education courses at less expensive institution, such as a community college, and transfer those credits to complete your degree at the school of your preferred choice.
Starting/Stopping SchoolIf you need to halt your eduction at any point, be sure to do so officially. This way your record stays in tact. Otherwise, you may have to reapply for admission, which will require you to pay an additional fee, and prior credits may not be recognized.
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)
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!