Financial Aid

Hood College understands that locating financial assistance may be a major concern for families in pursuing a college education.  It is the mission of the Office of Financial Aid to help students and their families develop a financial plan to make a Hood College education affordable and to assist students throughout the financial aid process.

Each year, Hood College awards more than $6 million in merit-based scholarships, including scholarships for first-year students entering from high school as well as for students transferring from other colleges. Students admitted to Hood are automatically considered for most merit scholarships, the majority of which are renewable for up to four years (although some require a minimum G.P.A. for their renewal). Overall academic performance, specific academic achievements, leadership and participation in school and community activities are important factors in awarding scholarships to both first-year and transfer students.

To apply for financial aid, students need to complete the Free Application for Federal Student Aid (FAFSA) at www.fafsa.gov.

 

State Aid

Most states offer scholarships and/or grants to their residents for college.  Students need to contact the Higher Education Commission in their state to find out about these particular programs. The majority of these scholarships/grants require students to attend college within their state of residency.  At Hood College, students from the District of Columbia, Delaware, Rhode Island and Vermont are eligible to transfer their educational scholarships/grants to Hood.

The State of Maryland Higher Education Commission (www.mhec.state.md.us) offers a variety of scholarships/grants to residents of Maryland.  Below is a listing a just a few of the programs available to students:

Guaranteed Access (GA) Grants – estimated award: up to $18,400

Awarded to full-time, low-income students who have at least a 2.5 GPA in a college preparatory curriculum. Applicants must submit  the Free Application for Federal Student Aid (FAFSA) no later than April 1 and submit all documents requested as detailed on the student’s MDCAPS account by July 1.

Educational Assistance Grant – estimated award: $3,000

Awarded to full-time students from families with low to moderate income. Applicants must complete the Free Application for Federal Student Aid (FAFSA) no later than March 1st of each year.

 Maryland Senatorial Scholarships – estimated award: $200 to $2,000 per year

Awarded to full- or part-time students. Applicants must have a completed Free Application for Federal Student Aid (FAFSA) no later than March 1 of each year. Students should contact their state senator’s office for instructions on how to apply.

Maryland State Delegate Scholarships – awards vary.

Awarded to full- or part-time students. Applicants should contact their state delegate’s office in their legislative district for instructions on how to apply.

 

Financial Literacy

Hood College has partnered with CashCourse to provide free financial literacy resources for college students. The CashCourse program, funded by the National Endowment for Financial Education, is a customizable online financial education resource designed to assist college and university students in developing a better understanding on how to manage their finances. Money management, financial literacy, and budgeting are important for students to know and understand to ensure they are making good decisions for personal finances and their future. CashCourse will help students build real life-ready financial skills. We encourage your students to check out CashCourse at www.cashcourse.org.

 

For more information, please contact the Office of Financial Aid at 301-696-3411.

 

 

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