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Federal Student Loans
Who Qualifies? The student must be accepted into a degree seeking program or a teacher certification program and taking at least 6 credits per semester.
Subsidized Federal Stafford Loans are low-interest, variable-rate, need-based educational loans with the principal being deferred until the student graduates, withdraws, or drops below 6 credits. The federal government pays the interest to the lender during a student's enrollment in school (at least 6 credits) and during a six-month grace period immediately following a student's separation from school.
Unsubsidized Federal Stafford Loans are also low-interest, variable-rate educational loans. However, they are not based on need and the student is responsible for paying all the interest that accrues on the loan. Students may pay this interest while in school, or have the interest capitalized (that is, added to the principal balance of the loan). As with the subsidized Stafford Loan, students receive a six-month grace period following their separation from school and may defer their loans under certain conditions.
For student teaching programs that do not lead to a Master's degree, the maximum Stafford Loan amount is $2750 subsidized and $2500 unsubsidized per semester.
The maximum a Master's student may borrow per year is $8500 in subsidized Federal Stafford Loans and $10,000 in unsubsidized Federal Stafford Loans. However, a student cannot borrow more than his or her cost of attendance minus any other financial aid (e.g. DVR) for which he or she is eligible.
The interest rate is determined each year, effective July 1st and is capped at 8.25%. Deferment of previous and current loans are based on at least 6 (six) credits each semester, not on completion of program.
Maryland State Funds
Maryland Hope Program Discontinued
The Maryland State Hope Programs, which includes the Maryland Hope Teacher program, were discontinued at the beginning of the 2004-2005 year. No new applications were accepted. Funding was only provided for renewal students.
Maryland State Senatorial and Delegate Scholarships
The senators and delegates from the State of Maryland may offer graduate students scholarships. The student must contact the office of the senators and delegates directly to confirm the application process and deadline date. Please indicate that you are a graduate student and if you will be a full or part time student.
Development Disabilities, Mental Health, Child Welfare and Juvenile Justice Workforce Tuition Assistance Program
This Maryland award has a service obligation to work in a community based program within the state. It is offered to full or part time graduate students who are seeking a degree in a Human Service Program. Visit the State website for more detail.
For the convenience of Graduate students desiring monthly payment arrangements, the McDaniel College Tuition Contract is available.
Tuition Contract Payment Plan
The Graduate Tuition Contract allows individuals to contract for all or part of the expenses for the semester. A nonrefundable contract fee is required upon application. The contract is renewed each semester.
Graduate Assistantships
Graduate Assistantships are available to a limited number of qualified students. Students should contact the Graduate Office for further details. A copy of any Graduate Assistantship contact given to a student should be forwarded to the Financial Aid Office.
Other Funding Opportunities
Vocational Rehabilitation Services
Deaf Education Scholarships/Grants
TARGET (Human Services Management Program)
Ballard-McDonald Treasure Seekers Scholarships
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