FINANCIAL AID GUIDE
FOR TRADITIONAL UNDERGRADUATE STUDENTS
2017-2018
Congratulations!
We are pleased to offer you a financial aid award valid for the
2017-2018 academic year (fall and spring) if you remain at
Stevenson in good academic standing.
In creating your award we reviewed your Free Application for Federal
Student Aid (FAFSA) and organized a financial aid package that makes SU
a possibility for you. The aid for which you are eligible is listed on your
Award Letter by program type, program dollar amount for the fall semester, program dollar amount for the spring semester, and total program dollar amount (fall and spring).
The aid is awarded based upon the results from your FAFSA and consists
of all need and non-need-based assistance for which you are eligible from
the Federal government, Stevenson University, and the State of Maryland.
If you received a merit-based scholarship from the Stevenson University
Admissions Office, it will also be included on your Award Letter along with
awards you may have been offered from the State of Maryland Higher
Education Commission and other private sources.
Additional detailed information can be found on our website at stevenson.
edu/financial aid. You are responsible for reading and understanding the
Financial Aid Guide and the Financial Aid Handbook. If you have any questions please call the SU Financial Aid Office at 443-334-3200. We welcome
the opportunity to assist you.
2
As you review your award letter, consider the instructions
and information provided below and respond as needed or
required:
loan will not be activated and no funds be released
unless you complete both the Loan Entrance Counseling
AND the Master Promissory Note.
1. HOUSING STATUS:
6. STUDENT LOAN REDUCTION FORM:
2. ENROLLMENT STATUS:
7. THE FEDERAL DIRECT PLUS LOANS FOR PARENTS:
Your award considers whether you will be living in SU
housing or commuting based on information provided
by the SU Residence Life Office or your FAFSA. Review
the housing status on your Award Letter for accuracy. If
your housing plans change, you must notify the Financial
Aid Office in writing, and if applicable, Residence Life,
immediately. The email address for the Financial Aid
Office is [email protected].
Your award is based on the enrollment status indicated
on your Award Letter. Make sure this information is
correct. If your enrollment plans change or are incorrect,
it is crucial that you notify Financial Aid in writing
immediately. Stevenson University scholarships and
grants, require you to enroll in a full-time (12 credits or
more) traditional undergraduate program. To qualify
for federal student loans you must be enrolled at least
half-time (undergraduate, 6 credits or more). The email
address for the Financial Aid Office is financial-aid@
stevenson.edu.
3. GRANTS AND SCHOLARSHIPS:
Unless you contact us, the University assumes you
are accepting all scholarships and grants. Most SU
scholarships and grants pay for tuition and fees.
4. FEDERAL WORK-STUDY:
If you received a work-study award and are interested
in working, you must apply for a position using the
University’s on-line employment site at stevenson.
peopleadmin.com. If you were not offered work-study
but are interested, please submit a written request
for consideration to the Financial Aid Office. Federal
work-study is a need-based program offering part-time
job opportunities both on- and off-campus. Students
who have been awarded work-study will be notified
when they can attend a required on-campus orientation
session before beginning work. The email address for
the Financial Aid Office is [email protected].
5. FEDERAL DIRECT STUDENT LOANS (New Students
and First-time SU Borrowers):
The Federal Direct Student Loan Application process
requires a student to complete both Loan Entrance
Counseling and also a Master Promissory Note (Loan
Agreement) to activate a loan. Both processes can be
accessed from our Financial Aid website at stevenson.
edu/typesofaid and click the tab for "Loans". Step-bystep instructions are included later in this booklet. Your
We assume you are borrowing the loan amount offered
on your Award Letter unless you notify us otherwise. To
decline a loan or reduce the amount you wish to borrow,
you must complete the Student Loan Reduction Form
available on the Financial Aid website at stevenson.edu/
loanreduction. Students are awarded the maximum loan
amount per their eligibility. More information on loan
amounts can be found in the Financial Aid Handbook.
The Direct PLUS Loan application process requires the
parent to complete a PLUS Loan Request and sign a PLUS
Loan Master Promissory Note (MPN) if one is already
not on file with SU. Step by step instructions can be
found on the Financial Aid website and are included
later in this booklet. The Direct PLUS Loan Program
charges a loan fee of 4.27 percent of the total amount
borrowed. The 4.27 percent fee is deducted from your
loan funds prior to the funds being posted to your
student’s Stevenson University account.
8. STATE AWARDS:
If you are offered funds from a State of Maryland
program, be sure to respond to their award instructions
or you will not receive those funds. The State offers an
on-line inquiry system that allows students to view the
status of their financial aid application and/or award
information. You can access this feature at mdcaps.
mhec.state.md.us. If you have an award from another
state be sure you follow their instructions to insure
that you actually receive the funds. State of Maryland
awards post upon receipt of the funds from the State
of Maryland; November for the fall semester, March for
the spring semester. Stevenson University need‐based
grants may be reduced by the addition of awards from
the State of Maryland, especially if the state award was
received by Stevenson after your original eligibility was
determined.
9. PRIVATE SCHOLARSHIPS, GRANTS, LOANS, ETC.:
If you receive scholarships or grants from a private
source, you must notify the Financial Aid Office
by providing a copy of the award notification or a
statement identifying the source and the dollar amount.
You are also required to notify the Financial Aid Office if
you are receiving tuition assistance from your employer.
Please provide a statement indicating the name of your
employer and the annual dollar amount of the benefit.
If these additional funds affect your current financial aid
award, you will be sent a revised award letter.
Stevenson University Financial Aid Guide for Traditional Undergraduate Students | 2017-2018
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10. ALTERNATIVE LOANS:
Alternative loans, commonly referred to as private loans or
secondary student loans, are consumer loans offered by banks
and other private lenders to cover the cost of college not
covered by financial aid. Alternative loans generally have higher
interest rates than federal student loans. Some alternative loan
lenders require interest payments while you are in school. If
you would like more information, go to Alternative Loans at
stevenson.edu/typesofaid and click the tab for “Loans”.
11. MONTHLY PAYMENT PLAN:
If additional assistance is needed to help with tuition, room
and board, you may want to consider the University’s monthly
payment plan managed through Tuition Management System
(TMS), Inc. This externally managed plan offers your family
the opportunity to pay on an installment basis at no interest
and without worry of debt load. The enrollment fee allows
corporate support of the plan and an insurance-like tuition
protection program. For detailed information, including
enrollment dates, payments, and plan benefits please contact
the Student Accounts Office at 443-334-3500.
12. BOOK VOUCHER:
Under certain circumstances, you may be able to take a credit
against your financial aid in the form of a Book Voucher to
purchase required books and supplies from the University
Store. Your loans must be certified, and your total aid combined
with any other form of payment on your student account must
exceed your total charges. To find out if you are eligible, contact
the Student Accounts Office at 443-334-3500.
13. EXPENSE PLANNING WORKSHEET:
Please use the enclosed worksheet and expense guide to assist
you in calculating your estimated cost of attending Stevenson
University.
The Financial Aid Office reserves the right to review, adjust, or
cancel awards at any time due to changes in academic status;
enrollment status; verification; conflicting information; additional
resources; fraud; availability of funds; federal or state regulations;
and computation error. Some awards may be adjusted because of
institutional policy. Your eligibility for financial aid is contingent
upon your compliance with all federal, state, and institutional
policies and regulations that govern awards.
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Stevenson University Financial Aid Guide for Traditional Undergraduate Students | 2017-2018
Spotlight
STUDENT
"All of the wonderful opportunities I had at Stevenson would not
have been possible without my
family and the financial support I
received from the University. For
me, and countless other students,
the dream of getting a college
education seemed far-fetched
with the obstacle of having to
pay for the education. My family
and I are extremely grateful that
Stevenson was able to provide
me with the financial assistance
needed for me to attain my
education. I can remember the
happiness in my mother’s voice
when I told her I received scholarships and the relief she felt
knowing that education costs
were covered."
CAMILLE BANTA
HUMAN SERVICES, ’16
FEDERAL DIRECT
STUDENT LOAN
FEDERAL DIRECT PLUS
(PARENT) LOAN
Application Instructions
2017-2018
Application Instructions
2017-2018
STARTING THE APPLICATION PROCESS
STARTING THE APPLICATION PROCESS
The Direct Student Loan Application process requires
a student to complete both Loan Entrance Counseling
and also a Master Promissory Note (Loan Agreement).
Both processes can be accessed on the https://
studentloans.gov website.
The Direct Plus Loan application process requires the Parent
to complete a Plus Request and also sign a Plus Loan Master
Promissory Note (MPN) if one is not already on file. Both
processes can be accessed on the https://studentloans.gov
website.
• In the top right corner, select “Log In” and enter your
FSA ID/email address and password.
• In the top right corner, select “Log In” and enter your FSA
ID/email address and password.
•O
nce you have accessed “My Home Page,” you will
complete the following two steps:
• Once you have accessed “My Home Page,” click on APPLY
FOR A DIRECT PLUS LOAN.
1. Click on COMPLETE LOAN COUNSELING and then
select START next to ENTRANCE COUNSELING
and follow the instructions to complete the
process.
• Under “SELECT THE TYPE OF DIRECT PLUS LOAN
APPLICATION” select START next to DIRECT PLUS LOAN
APPLICATION FOR PARENTS and follow the instructions to
complete the process.
2. Click on COMPLETE LOAN AGREEMENT and then
select START next to MPN FOR SUBSIDIZED/
UNSUBSIDIZED LOANS and follow the
instructions to complete the process.
• If your credit is approved, you will be requested to
complete a Direct Plus Loan Master Promissory Note
(MPN) unless one is already on file.
HELPFUL INFORMATION FOR THE STUDENT
• To ensure timely processing of your loan, we
encourage you to apply by June 1, 2017.
• Both processes will take about 30 minutes each
to complete, depending on the speed of your
computer. If you are unable to complete the
entire process in a single session, you will be
required to start again from the beginning.
• If you do not want to borrow from the Federal
Direct Student Loan Program or you would like
to reduce the amount of the loan that you were
offered, please indicate so by completing the
Student Loan Reduction Form. The form can be
found by going to stevenson.edu/loadreduction.
When reducing your loan amount, please allow
for the federal origination fee of 1.069 percent.
Example: If you need $5,000 to cover your
charges, your requested loan amount should be
$5,055. ($5,000 divided by .98931=$5,054.03
rounded up to the next whole dollar. Loan
origination fees are adjusted on October 1st of
each year.
• If your credit is not approved, your student
will automatically be awarded an additional
$4,000 in Unsubsidized Direct Loan (for 1st and
2nd year students) and an additional $5,000
in Unsubsidized Direct Loan (for 3rd and 4th
year students). If the Plus Loan Request is later
approved with an endorser or an approved credit
reconsideration, the additional Unsubsidized
Direct Loan will be removed from your student’s
award. If an endorser is used, you must complete a
new Master Promissory Note (MPN) every school
year. Please see “Instructions for Endorsers”
below.
HELPFUL INFORMATION FOR THE PARENT
• The maximum amount a parent may borrow is listed
on the student’s Financial Aid Award Letter. A parent
may borrow the maximum amount or may borrow a
lower amount. The amount listed on the award letter
represents the cost of your student’s education minus
any other financial aid received. The cost includes tuition
and fees, books, supplies, transportation and personal
CONTINUES ON NEXT PAGE
Stevenson University Financial Aid Guide for Traditional Undergraduate Students | 2017-2018
5
expenses. IMPORTANT: Your requested loan amount will
be disbursed in two equal installments (half for the fall
semester and half for the spring semester). Please be sure
to increase the dollar amount you need by 4.276 percent to
allow for the federal origination fee. Example: If you need
$5,000 to cover your charges, your requested loan amount
should be $5,224. ($5,000 divided by .95724=$5,223.35
rounded up to the next whole dollar). Loan origination fees
are adjusted on October 1st of each year.
This process requires that the endorser complete
an Endorser Direct Plus Loan request on the https://
studentloans.gov website. The endorser must also request
a FSA ID at https://fsaid.ed.gov prior to beginning the
application process.
• In the top right corner, select “Log In” and enter your FSA
ID/email address and password.
• T o ensure timely processing of your loan, we encourage
you to apply by June 1st, 2017.
• Once you have accessed “My Home Page,” click on
COMPLETE AN ENDORSER ADDENDUM.
•B
e sure to include an email address where asked. The
Federal Servicer will send you an email confirmation of you
electronic MPN and Stevenson University will send you an
email advising you when your loan funds have been posted
to your student’s account.
• Under “ENDORSE A DIRECT PLUS LOAN” enter the
borrower’s last name and endorser code or awarded
identification number for the loan you would like to
endorse. This information can be obtained from your
borrower. Select START.
• The application process will take about 30 minutes
to complete, depending on the speed of your
computer. If you are unable to complete the entire
process in a single session, the MPN website will
require that you start again from the beginning.
• All plus loan increase and decrease requests will
be handled through the https://studentloans.gov
website.
6
INSTRUCTIONS FOR ENDORSERS
• Provide the required information for the Endorser
Addendum, including the amount of loan you would like to
endorse.
• If your credit is approved, you will have the opportunity
to print out a copy of the endorser addendum for your
records.
Stevenson University Financial Aid Guide for Traditional Undergraduate Students | 2017-2018
Expense Planning Worksheet
This worksheet is provided to assist you in estimating your cost of attending Stevenson University for the 2017-18 academic
year (fall and spring). Please refer to your Award Letter for financial aid information.
A. Annual Billable Charges (See estimated costs below)
Campus Resident Student
Commuter Student
Tuition and Fees
Room & Board
Total Annual Charges
Total Annual Charges (A) = $ _______________
B. Financial Aid
Stevenson Scholarship
$
SU Campus Visit Credit
$
Other Scholarships
$
Stevenson Grant
$
Federal Pell Grant
$
HP Rawlings Educational Assistance Grant
$
Other Grants
$
Federal Direct Subsidized Loan
$
Federal Direct Unsubsidized Loan
$
Federal Direct PLUS Loan
$
Other Loans
$
Total Financial Aid (B) =
$ _______________
C. Total Annual Cost (Estimated Balance Due)
Total Annual Charges (A) minus Total Financial Aid (B) =
Total Annual Cost (C)
$ _______________
• Federal Work-Study should not be included on this worksheet because the funds will not be applied to the balance on
your student account. Instead, work-study funds are paid to you directly. Most students use these funds for indirect costs.
• Your balance due may be met through family resources; Federal Direct PLUS Loan for parents, TMS deferred payment
plan, or alternative loans. Read more about these in the Financial Aid Handbook.
• Additional expenses such as books (average $1,400 per year based on SU Store statistics), transportation, and personal
expenses should also be considered when determining actual cost of attendance.
• Remember that the Direct PLUS Loan Program charges a loan fee of 4.26 percent of the total amount borrowed. The
4.26 percent fee is deducted from your loan funds prior to the funds being posted to your student’s Stevenson University
account. Direct Student Loans charge a 1.069 percent fee.
Estimated Tuition, Fees, Room and Board for 2017-18 (Subject to change pending SU Board of Trustees approval.)
• Traditional Full-time Undergraduate + SU housing
$35,490 + $13,083
• Traditional Full-time Undergraduate at home
$35,490
Stevenson University Financial Aid Guide for Traditional Undergraduate Students | 2017-2018
7
70
MORE THAN
MAJORS, MINORS,
AND TRACKS
For the most recent list, visit stevenson.edu/academics.
MAJORS
MASTER’S DEGREE PROGRAMS
Accounting
Applied Mathematics
Business and Technology Management*
Communication Studies*
Cyber Forensics
Forensic Science*
Forensic Studies*
Healthcare Management*
Master of Arts in Teaching*
Nursing
» Actuarial
» Business
» Interdisciplinary
» Scientific
Biochemistry
Biology
Business Administration
» Entrepreneurship
» Finance
» Sport Management
Business Communication
Business Information Systems
» E-Commerce Technology
» Technology Management
Chemistry
Computer Information Systems
» Computer Forensics
» Network Design
» Software Design
Criminal Justice
Digital Marketing
Early Childhood Education
Elementary Education
English Language and Literature
Environmental Science
Fashion Design
Fashion Merchandising
Film and Moving Image
» Cinematography
» Editing
» Producing
» Writing
Human Services
» Addictions Counseling
» Administration of Programs for
Children
» Human Services Administration
Interdisciplinary Studies
Legal Studies
Medical Laboratory Science
Middle School Education
» English Language Arts and Social
Studies
» Mathematics and Science
Nursing
Psychology
Public History
Theatre and Media Performance
Visual Communication Design
» Interactive Design
» Motion Graphics
» Photography
*Complete your B.S. and M.S. in as little as five
years in these programs
PLAN YOU R
VI SI T A N D
APPLY
ONLI NE AT
stevenson.edu.
MINORS
Accounting
Applied Mathematics
Art
Biology
Business Information Systems
Chemistry
Communication
Computer Information Systems
Criminal Justice
Economics
English Language and Literature
Fashion Design
Fashion Merchandising
Film and Moving Image
History
Human Services
International Business
Legal Studies**
Management
Marketing
Mathematics
Music
Philosophy
Photography
Psychology
Public History
Religion
Sociology
Theatre and Media Performance
Visual Communication Design
**The minor in Legal Studies does not prepare
students to work as paralegals.
PRE-PROFESSIONAL STUDIES
Pre-Dentistry
Pre-Law
Pre-Medicine
Pre-Pharmacy
Pre-Physical Therapy
Pre-Physician Assistant
Pre-Veterinary Medicine
ROTC PROGRAMS
Army
Air Force
Home of Career ArchitectureSM
FINANCIAL AID OFFICE
100 Campus Circle
Garrison Hall, Room 241
Owings Mills, Maryland 21117
Phone: 443-334-3200
Fax: 443-352-4370
web: stevenson.edu/financial-aid
Email: [email protected]
Facebook
/steve.finaid
Twitter:
@SU Financialaid
ADMISSIONS OFFICE
100 Campus Circle
Owings Mills, Maryland 21117
web: stevenson.edu
Email: [email protected]
Facebook
/stevensonuniversity
Twitter:
@StevensonU
#beamustang