Financial Aid

It All Adds Up

The Financial Aid Office is committed to providing financial resources to students who would otherwise be unable to attend McDaniel College, while ensuring that the principles of fairness and equity are upheld. The office assists students and families with understanding, navigating, and successfully completing the process of securing educational funding to attend McDaniel.

The Financial Aid Office is here to serve you, the student. We realize that as a graduate student you probably have many things going on in your life including jobs and families. You may be starting your master’s degree immediately following getting your bachelor’s degree, or you may have been working for several years and desire and/or need are dictating your return to the academic world.

Whatever your situation, if you are concerned about the expense of graduate school, let us help. Please review this website to assist you with questions related to all forms of Financial Aid. We like to work with students on an individual basis to ensure your needs are met.

Financial Aid Deadlines

Summer 2014 is the start of a new academic year, so a new FASFA (2014-15) and McDaniel Institutional form are required.

Summer 2014 Due Date May 1, 2014
Fall 2014 Due Date July 1, 2014
Spring 2015 Due Date December 1, 2014


Federal Student Loans

Who qualifies?
The student must be accepted into a degree seeking Master's program and taking at least six credits per semester.

Unsubsidized Federal Stafford Loans are fixed interest 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).

The maximum a master’s student may borrow per year is $20,500 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 1 and is capped at 8.25%. Deferment of previous and current loans are based on at least six credits each semester, not on completion of program.

A federal student loan is a serious legal obligation. To obtain a Direct Student Loan you will sign an electronic Master Promissory Note (MPN) which will outline the provisions of your loan. Click here to view a copy of the MPN.

Federal Stafford loans are available for students seeking a master’s degree. Student must be registered for at least six credits per term to receive a student loan.

Required Steps

  • Step 1 Apply for a PIN number with the U.S. Department of Education. This will become your signature and will be the same number for each year that you apply for Financial Aid.
    PIN Site: http://www.pin.ed.gov/ (Allow for one to five days for processing)
  • Step 2 Using your new PIN number complete the appropriate FAFSA form:
    Summer 2014, Fall 2014 and Spring 2015 use 2014-2015 FAFSA
    FAFSA Site: http://www.fafsa.ed.gov/
  • Step 3 Complete an Entrance Loan Counseling (Federal Government requirement) New Borrowers only.
  • Step 4 Complete a Direct Loan MPN (New borrowers only) Subsidized/Unsubsidized ***Not the Grad PLUS
  • Step 6 Complete an Exit Loan Counseling (Federal Government requirement). To be done upon completion of your degree or not taking at least two classes per semester.
  • Step 7 Deaf Education: Charlotte Newcombe Scholarship for Deaf students.

If you have questions please contact: egeiman@mcdaniel.edu or (410) 857-2235.

Financial Aid Return Policies

If a graduate student who is the recipient of Title IV federal financial aid funds withdraws or stops attending classes during the course of a semester, eligibility for federal funding will be calculated. Click here for more information.

Satisfactory Academic Progress for Federal Financial Aid

Students who are recipients of federal financial aid must met the requirements outlined in Satisfactory Academic Progress for Financial Aid Recipients. Click here to learn more.

Maryland State Funds

Maryland State Senatorial and Delegate Scholarships

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.


Graduate Assistantships

A limited number of graduate assistantships are available on an as-needed basis to qualified students. Assistants receive tuition remission in return for their work. Prospective graduate assistants are required to submit a cover letter and resume. A copy of any graduate assistantship contract given to a student should be forwarded to the Financial Aid Office. Students should contact Ann Thomas, assistant to the Graduate Dean, for further details.


Other Funding Opportunities

Vocational Rehabilitation Services

Deaf Education Scholarships/Grants

TARGET (Human Services Management Program)


Loan Deferment

Stafford loans are deferred based on enrollment per semester NOT anticipated graduation date.

An electronic enrollment report (Clearinghouse) is submitted to the U.S. Dept. of Education during the third week of classes for the Fall and Spring terms. Lenders and Direct Loans Servicers retrieve this information for deferment purposes.

Enrollment for Summer terms must be reported manually. The student must request an in-school deferment form from their lenders, complete the form and submit it to McDaniel College Registrar’s Office for certification.

Do not stop payment of your student loan until you receive notification from Direct Loan or your lender that your loan is in deferment.



The Teacher Education Assistance for College and Higher Education (TEACH) Grant Program provides up to $4,000 per year in grants for graduate and undergraduate students who intend to teach full time in high-need subject areas for at least four years at schools that serve students from low-income families. Graduate students are also eligible for $4,000 per year ($8,000 total). Students may receive up to $16,000 for undergraduate study and up to $8,000 for graduate study. Part-time students are eligible, but the maximum grant will be reduced. The grant is also available for post-baccalaureate teacher certification coursework.


Student Eligibility Requirements

To receive a TEACH Grant you must:

  • Complete the Free Application for Federal Student Aid (FAFSA), although you do not have to demonstrate financial need.
  • Meet the eligibility requirement for federal student aid (listed at http://www.fafsa.ed.gov).
  • Be enrolled in a program of study designated as TEACH Grant-eligible. Eligible programs are those that prepare a student to teach in a high-need area. For undergraduate students at McDaniel College, only students accepted into the elementary or secondary minors program are eligible for a TEACH Grant. Graduate students must be accepted into one of the following programs:
    BEST, DEAF Education, TESOL, Special Education.
  • Have a cumulative GPA of at least 3.25 (on a 4.0 scale) on your college coursework. You must maintain this GPA to receive a grant for each subsequent term.
  • Complete TEACH Grant counseling in person in the McDaniel College Financial Aid Office.
  • Sign a TEACH Grant Agreement to Serve and respond to requests by the U.S. Department of Education confirming your continuing intention to meet the teaching obligation.

TEACH Grant Agreement to Serve and Promise to Pay

Each year you receive a TEACH Grant, you must sign a TEACH Grant Agreement to Serve and Promise to Pay (service agreement) that will be available electronically on a Department of Education Web site. The TEACH Grant service agreement specifies the conditions under which the grant will be awarded, the teaching service requirements, and includes an acknowledgment by you that you understand that if you do not meet the teaching service requirements you must repay the grant as a Federal Direct Unsubsidized Loan, with interest accrued from the date the grant funds were first disbursed.

Teaching Obligation

To avoid repaying the TEACH Grant with interest you must be a highly-qualified, full-time teacher in a high-need subject area for at least four years at a school serving low-income students. You must complete the four years of teaching within eight years of finishing the program for which you received the grant. You incur a four-year teaching obligation for each educational program for which you received TEACH Grant funds, although you may work off multiple four-year obligations simultaneously under certain circumstances. Specific definitions of these terms are included below.

Highly-Qualified Teacher

You must perform the teaching service as a highly-qualified teacher, which is defined in federal law. The definition can be found online at: http://www.ed.gov/policy/elsec/leg/esea02/pg107.html. McDaniel College programs prepare students to meet this definition.

Full-Time Teacher

You must meet the state’s definition of a full time teacher and spend the majority (at least 51 percent) of your time teaching one of the high-need subject areas. Elementary teachers who teach many subjects would not be able to fulfill their service agreement.

High-Need Subject Areas

  • Bilingual Education and English Language Acquisition
  • Foreign Language
  • Mathematics
  • Science
  • Special Education
  • Other teacher shortage areas listed in the Department of Education’s Annual Teacher Shortage Area Nationwide Listing at http://www.ed.gov/about/offices/list/ope/pol/tsa.doc.

Schools Serving Low-Income Students

Schools serving low-income students include any elementary or secondary school that is listed in the Department of Education’s Annual Directory of Designated Low-Income Schools for Teacher Cancellation Benefits at https://www.tcli.ed.gov/CBSWebApp/tcli/TCLIPubSchoolSearch.jsp.


You must respond promptly to any requests for information or documentation from the U.S. Department of Education, even if they seem repetitive. These requests will be sent to you while you are still in school as well as once you are out of school. You will be asked regularly to confirm that you either still intend to teach or that you are teaching as required. You must provide documentation to the U.S. Department of Education at the end of each year of teaching.

If you temporarily cease enrollment in your program of study or if you encounter situations that affect your ability to begin or continue teaching, you will need to stay in touch with the U.S. Department of Education to avoid your grants being converted to loans before you are able to complete your teaching obligation.


Failure to complete the teaching obligation, respond to requests for information, or properly document your teaching service will cause the TEACH Grant to be permanently converted to a loan with interest. Once a grant is converted to a loan it can’t be converted back to a grant!

Link to TEACH Grant Site:

For more information about receiving a TEACH Grant, contact Ellie Geiman, Associate Director of Financial Aid, McDaniel College at egeiman@mcdaniel.edu or 410-857-2233.


Contact Graduate Financial Aid

Ellie Geiman
Associate Director for Graduate Students
Phone: (410) 857-2235, or ext. 2235
Fax: (410) 386-4608

Harriet Corbran
Phone: (410) 857-2210

Pat Tyler
Assistant Bursar
Phone: (410) 857-2208

General Financial Aid Office:
Phone: (410) 857-2233