|Maryville College Cost of Attendance (1)||45,362||45,362||45,362||45,362|
|Maryville College Direct Costs (2)||41,842||41,842||41,842||41,842|
|Expected Family Contributions (EFC) (3)||0||5,500||15,000||25,000|
Financial Aid Award
|Federal Pell Grant (4)||5,730|
|Federal Supplemental Education Grant FSEOG (5)||2,000|
|Need-Based MC Grant (6)||1,700||5,900|
|Maryville College Scholarship (7)||20,000||20,000||20,000||20,000|
|Stafford Direct Loan (8)||3,500||3,500||3,500||3,500|
|Additional Unsubsidized Stafford Loan (8)||2,000||2,000||2,000||2,000|
|Perkins Loan (9)||4,000||3,500|
|Federal Work Study (10)||1,500||1,500||1,500|
Maryville College Financial Aid Award
|**Payment Options are available to help cover the student's balance. (11)|
(1) Maryville College 2014-2015 Cost of Attendance includes tuition, fees, room and board, books, travel and miscellaneous expenses for the academic year. Students who live at home with parents will have lower costs and, therefore, will have a lower financial aid award.
(2) Maryville College 2014-2015 Direct Costs are tuition, fees, room and board. Direct costs are charges that are paid directly to Maryville College. Non-direct costs are books, travel and miscellaneous expenses that are included in the total Cost of Attendance.
(3) Expected Family Contribution (EFC) is a number generated through completion of the Free Application for Federal Student Aid (FAFSA). The EFC calculated above for all scenarios is based on four family members with one in college, both parents employed, parental assets of $40,000 and student income of $2,500.
(4) Pell Grant is awarded by the Department of Education to students who have high financial need. The PELL Grant is subject to federal funding.
(5) Federal Supplemental Educational Opportunity Grant (FSEOG) is awarded to students who exhibit financial need and who have received a Pell Grant. Amounts vary up to $4,000 and funds are limited. Funds do run out.
(6) Maryville College Need-Based Grant varies according to need and academic ability.
(7) Maryville College Scholarship varies according to merit or Fellowship or Fine Arts.
(8) Stafford Loan is guaranteed by the Department of Education. Loan payments are deferred while the student is attending college. Students are eligible for an additional $2,000 Unsubsidized Stafford through the Stafford Direct Loan Program.
(9) Federal Perkins Loan amounts vary and eligibility is determined by need and availability of the loan funds. Funds do run out.
(10) Students eligible for the Federal Work Study program (determined by need) receive priority. Employment is not guaranteed. Students are paid monthly, and the amount does not come off of Maryville College Direct Costs.
(11) Payment Options:
- Maryville College offers two monthly payment plans administered through Sallie Mae or TMS. A payment plan is convenient and makes covering your balance manageable. Payment plans are available for 9-12 installments.
- Parent Loan for Undergraduate Students (PLUS) allows a parent to borrow up to the cost of attendance minus all other financial aid. The PLUS loan is a credit-based loan and is not guaranteed. A credit-based application is required. If a parent is denied the PLUS loan, the student may be eligible for an additional $4,000 of UnSubsidized Stafford loan.
- Private Educational Loans are available for students who have exhausted all other avenues of financial aid. Private educational loans are also credit-based and the interest rates and origination fees can be based on the credit application. A cosigner is often needed for a private education loan.
Please note: Every family's financial aid award is unique and specific to each family's circumstances. The examples above are offered to give prospective students and their families an idea of the affordability of a Maryville College education. Having additional family members or more than one student in college may affect the amount of financial aid. Maryville College strongly encourages students to seek outside scholarships. Additional outside scholarships will rarely affect any Maryville College Scholarship or need-based aid. In most cases an outside scholarship will reduce the need for loans.
Important Information: File your FAFSA early to insure that you get all the financial aid that is available. We encourage families to file before February 1, 2015. We also encourage estimating 2014 tax information on the FAFSA and making corrections to the FAFSA when you complete your 2014 tax return. You can file your 2014-2015 FAFSA starting January 1, 2015 at www.fafsa.ed.gov.