Financial Aid Information

Completing the FAFSA is the single most important task you can do to get money for college. It’s the gateway to more than $150 billion in college grants, work-study funds, and federal student loans, as well as certain state-based aid.

Most students receive some type of financial aid, so you should fill out a FAFSA application even if you don't think you qualify. The FAFSA isn’t just for people who want or need federal student loans. The purpose of the FAFSA is also to determine aid you won't have to pay back, such as college scholarships, grants, and even work-study funding.

Some private scholarships require a FAFSA as part of their application process. That's why completing a FAFSA is so important! Some colleges will not offer merit scholarships if you have not filed your FAFSA.

Merit-based aid is money given to students with special talents, skills or academic abilities

Need-based aid is available to those students who demonstrate financial need

Financial Aid Breakdown

Free Application for Federal Student Aid (FAFSA)

This is the application for financial aid from the Federal Government. Based on your family's financial situation, you may qualify for aid in the form of a Pell Grant. All eligible seniors should fill out and submit this form, regardless of family income, if they have applied to a college, university, or trade school. This includes Montgomery College.
Even if you feel you would not qualify for aid, some scholarships opportunities require proof of filling out the FAFSA. Some colleges also review your FAFSA if you decide to appeal to a school requesting any additional financial assistance. This aid can be used at any eligible college, university, or trade school in or outside the state of Maryland.
Depending on financial need, the maximum amount of aid a student may qualify for: up to $7,395 (Pell Grant)
Students should fill out the FAFSA every year they attend a college, university, or trade school.
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