Before you complete the following application steps, you have the opportunity to find out now how much gift aid may be available to you. Try our McDaniel Net Price Calculator to help with early financial planning for college. This calculator provides a preliminary estimate of federal, state, and institutional aid eligibility to help families gauge what financial aid the student may be awarded and to make arrangements to cover the cost of attendance. This calculator is based on the awarding policies of McDaniel College for the 2016-2017 academic year. Therefore, results will vary based on the year you will enter college. Check it out-- then you’ll see just how possible a McDaniel education can be.
2. Complete your Free Application for Federal Student Aid (FAFSA)
Complete the 2017-2018 FAFSA at www.fafsa.ed.gov. (For applicants seeking enrollment for fall 2017).
This form will ask for income information for the 2015 tax year. Use the IRS Data Retrieval Tool, if possible, to import the financial information from the tax returns into your FAFSA to avoid processing delays. If you are ineligible to use the IRS Data Retrieval tool, enter the updated information from your tax returns manually.
EFFECTIVE 3/10/2017, the IRS Data Retrieval Tool is temporarily unavailable. If you are filling out the FAFSA you can manually enter your 2015 tax information. If you have been asked to provide tax information to McDaniel College, you can request a 2015 Tax Return Transcript from the IRS at http://www.irs.gov/transcript or by calling the IRS at (800) 908-9946.
To make sure McDaniel gets the results of your FAFSA, be sure to list our school code – 002109.
3. FAFSA Follow-up
You will receive an email from the U.S. Department of Education with a link to the Student Aid Report (SAR) that shows the results of the FAFSA. Check the SAR for accuracy and make any necessary corrections.
Applicants might be selected by either the federal government or McDaniel College for a process called verification. If you are selected you will receive instructions after awarding is complete on how to complete the McDaniel verification process and how to submit verification of 2015 income. Your financial aid award will be finalized once you have completed the verification process.
4. Access Financial Aid Self Service
Using the access instructions provided to you in an email from the Admissions Office, log on to Financial Aid Self Service. Financial Aid Self Service is an online tool that provides a step-by-step guide through the financial aid process. You can use this tool to check on the status of your financial aid, learn about what information the Financial Aid Office may need from you, access forms, report outside scholarships and other resources, and receive other important information.
Applicants might be selected by either the federal government or McDaniel College for a process called verification. If you are selected you will see what documents must be submitted to the Financial Aid office on your checklist to complete the McDaniel verification process and how to submit verification of 2015 income.
5. Review and respond to your award letter
Once you are accepted to McDaniel and we have a valid FAFSA, we will mail you an estimated or final award letter showing the estimated costs and your eligibility for scholarships, grants, loans and federal work study for the 2017-2018 academic year (2016-2017 for spring transfer students).
You will also be able to access your award information online using the Financial Aid Self Service tool. Using Financial Aid Self Service you will be able to:
Review disclosure information about your award offer.
Recipients of final award letters can accept or reject each type of aid offered.
Recipients of estimated award letters can view missing documents needed in order to finalize financial aid award.
Failure to accept aid may result in your financial aid not being disbursed to your student account.
6. Complete steps to receive a Federal Direct Subsidized/Unsubsidizrd loan
You must complete the Department of Education Entrance Counseling and a Master Promissory Note before you can receive Federal Direct loan funds. You can access direct links to complete these steps online using your checklist on Financial Aid Self Service. More information and instructions on completing these steps can be found here.
7. Review and sign your Financial Aid Award Letter
Using the Financial Aid Self Service tool, you must sign your Financial Aid Award Letter electronically. Failure to sign award letter may result in your financial aid not being disbursed to your student account.
This option is only available to recipients of final award letters.