Financial Aid and Your Bill
YOUR FINANCIAL AID BUDGET AND AWARD LETTER ARE NOT THE SAME AS YOUR BILL.
Your financial aid Award Letter outlines your financial aid budget. This budget is our estimate of your total educational and living expenses for the entire academic year. Our Cost of Attendance webpage explains the financial aid budget. A student’s financial aid package can never exceed the financial aid budget.
Your bill, on the other hand, lists all charges payable to McDaniel College for tuition, fees, room, and board (for students that live on-campus). This differs from the financial aid budget described above which includes expenses that are not reflected on your McDaniel College bill. For example, billed charges for expenses such as books or for room and board reflect the student’s housing and meal plan choices. All institutional aid, state aid, federal aid, and outside scholarship awards included on your award letter will be credited to your bill (subtracted from the amount due). In addition, if the student or the parent has activated a loan, the loan amount will also be subtracted from the student’s outstanding balance.
Fall bills due by: August 11, 2017
Spring bills due by: January 5, 2018
Federal Work Study awards are paid through the college’s payroll system, and any money earned is issued to the student in the form of a paycheck. This paycheck can be used to help pay incidental expenses and living expenses. Students may also use their paycheck to pay outstanding balances on their bill. However, paychecks typically are not credited directly to the bill.
McDaniel College’s Bursar Office is responsible for billing each student for the appropriate charges as well as crediting grants, loans, and payments to the student’s bill. When you receive your bill, please review both the charges and the credited payments to insure the amount due is correct.
If you have questions about your bill, please contact the Bursar Office immediately:
2 College Hill
Westminster, MD 21157