This is Sean Bennett associate director for financial aid here at HGC today. I'll give you a brief overview of our financial aid program and how to apply for financial aid.
Admissions and financial aid are separate processes at HGC, but applying for admission as the first step towards activating her financial aid record.
Once you've applied for admission to financial aid office will contact you in January, with instructions on how to apply for financial aid.
US citizens and permanent residents must submit at HTC financially application and free application for federal student aid, commonly known as a fasa to complete their aid application international students only need to complete.
HTC financial aid application.
These applications are completed electronically on line application deadline is normally in early February.
Please note that additional documentation requirements may be requested after you submit your aid application and there may be additional deadlines for specific scholarship opportunities.
We recommend reviewing our website for resources pertaining to the application and financial aid process.
If you're admitted HGC the financial aid office will process your application and provide you with a financial aid package in late March to early April.
At that time you will be able to view your a package and compare offers from other schools in order to make your enrollment decision.
Next I'll give you a general overview of the types of aid available at HTSC. The 1st is merit based scholarships and grants. These types of aid are determined by the strength of your admissions application and are not related to your financial aid application. You may be presented with opportunities to complete short merit based scholarship applications as part of your application for admission and various admissions admissions committees consider your eligibility for merit based scholarships and grants.
These awards can vary in amount from a few $1000 to full tuition and fees scholarships.
Since these are merit based their highly competitive.
2nd when you complete a financial aid application. You are considered for need based scholarships and grants.
These types of Ater mainly determined by the data submitted on your HTC financial aid application and take a wide variety of financial factors into consideration.
Each Jesse is need based grant program, is modest in most cases, it will not meet your full need and many students do not receive grants support. Many applicants believe that all students admitted to HTC are fully supported and this is not the case. Almost all students must plan on a significant investment to find an academic program at HTSC.
3rd US citizens and permanent residents may be eligible for federal work study, or federal direct student loans.
Supplemental loans are also available to both US citizens and international students, which may help meet the gap between the financial aid packages offered to you and the estimated cost of your academic year at HTSC.
Many HTC students are also successful in finding external scholarships, they'll meet student expenses.
We recommend thinking about your personal and professional networks when identifying potential sources of external scholarships.
It is important to know that while we make every attempt to help students made a portion of their expenses. There are several factors that limit our ability to do this.
Summer institutional such as the limited financial aid resources that we have available to share with eligible financially at applicants.
In fact when people hear about the Mammoth endowment of Harvard University. What they often don't know is that figure is the aggregate of the individual schools endowments.
As a Graduate School of Education. Our endowment is much smaller than many of our peers at Harvard and this impacts. The amount of financially that is offered to our applicants. Many impact many limitations are regulatory and some of our common regulatory limits are listed on this slide.
Financially, it can only meet certain expenses and your financial aid package is not intended to pay for all of your educational expenses in most cases.
The reality is that you are individually responsible for most of your educational expenses. Financially, it in our staff are here to partner with you to identify resources and strategies to help me your goals, but you must remember that attending a graduate program is truly an individual discretionary decision.
I can't over emphasize the importance of early financial planning. You should have a financial plan along with an academic and professional plan when considering graduate study since most merit and need based aid packages do not meet the full expense of an HTC program, especially in a high cost of living areas, such as Cambridge. You need to be financially prepared.
You can start by identifying the personal resources. You may have available to pay towards your education and by researching are expected cost of attendance on our website.
We also post our most recent financing guide budget calculators and other tools on our website to help with your planning.
Early financial planning and reviewing the information on our website will help make the financial aid and enrollment process much less stressful.
We want you to apply for admission at a time when you can make the most beneficial academic professional and financial decision possible.
HEC program is a significant investment and understanding that investment is very important.
Here are some resources, I talked about and contact information for the financial aid office. I hope this quick overview is been helpful and helps you get started with financial aid at HTSC, Thanks and best of luck.