2015 - 2016 Cost of Attendance
The Cost of Attendance (COA) is the estimated total cost of attending college for one year. It includes tuition and fees, room, board, books & supplies, personal expenses, and travel expenses. The Financial Aid Office estimates the COA for a typical resident and commuter student to attend McDaniel College for the 2015-2016 year.
|Student Budget (COA) 2015-2016||Campus Resident||Commuter||Living with Parents|
|Tuition (12-22 Credits)||$39,500||$39,500||$39,500|
|One time Matriculation fee||$400||$400||$400|
|Books & Supplies||$1,200||$1,200||$1,200|
|Personal Expenses &
For a variety of reasons, the actual cost for any given student might differ from these standard budgets. Most notable are students who live in an off-campus apartment (without their parents) and independent students. A student cannot receive more than the Cost of Attendance from any combination of institutional, federal, state, or private funding source. This includes merit- and need-based aid as well as tuition benefits, ROTC awards, and RA contracts.
If the amount you and your family must pay is more than you think your family can afford-- don't panic! The process used to evaluate your eligibility for need-based aid is based on national norms and ordinary situations. Since individual circumstances vary, some applications require a more personalized approach. Talk to a member of the Financial Aid staff about your situation.
Recognize, however, that the primary responsibility for meeting college costs rests with you and your family. Financial aid is intended to supplement, not replace, family effort.
Applying For Financial Aid
To apply for financial aid at McDaniel College, please complete the following steps:
- You and one of your parents create a FSA ID at https://fsaid.ed.gov/npas/index.htm. The FSA ID will allow you and your parent to electronically sign your Free Application for Federal Student Aid (FAFSA).
- Complete the 2015-2016 FAFSA at www.fafsa.ed.gov.
- This form will ask for income information for the 2014 tax year. It’s okay to estimate this information if the 2014 federal tax returns have not yet been filed.
- To make sure McDaniel gets the results of your FAFSA, be sure to list our school code – 002109.
Once you are accepted to McDaniel and we have a valid FAFSA, we will mail you an award letter showing the estimated costs and your eligibility for scholarships, grants, loans and federal work study for the 2015-2016 academic year.
Some students will be selected by either the federal government or McDaniel College for a process called verification. If you are selected you will receive instructions on how to complete the McDaniel Verification Form and how to submit verification of 2014 income. Your financial aid award will be finalized once you have completed the verification process.