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Owings Mills, MD 21117-7804
Information for Parents
Stevenson University understands the financial challenges facing families with college students.
Whether you've been saving since the day your child was born or you're just starting to think about how to pay for college, financing your child's education is almost certainly on your mind. We believe that we owe our students a quality education at an affordable price. We offer a variety of financial aid packages that combine merit-based aid with state and federal assistance. In fact, roughly 90 percent of SU students receive some sort of financial aid. We want to support you and your family as you explore your financial aid options.
Times are tough. Investing in a college education is a bigger decision than ever, but never has that investment been more important to your son or daughter's future earnings and job security. The average college graduate earns more than $1 million more in a lifetime than a worker with only a high school diploma.
- Talk with your student about paying for college. Students and parents often have very different ideas about how tuition bills and other expenses will be paid. Set and communicate clear expectations for your child if you want them to contribute by working a part-time job during school or sticking to a strict budget.
- Learn about financial aid options, including parent loans. Depending on your Expected Family Contribution (EFC) and other factors, your student may qualify for other programs such as grants and scholarships.
- Help your student gain financial independence. Involve them in discussions and decisions related to paying for their education. Encourage them to make smart financial decisions.
- Be aware of tax benefits for families with a student in college.
- Understand the privacy of student records. It is important that you and your child be aware of and the policy that governs your access to your child's records at Stevenson University. For more information, please read The Family Educational Rights and Privacy Act (FERPA) and Parent's Access to Student Records and the University's FERPA policy.
Information about each of these topics and most of the information that you will need to apply for financial aid, including the types of aid available and how to apply, can be accessed through Stevenson University's financial aid website. We strongly encourage you to spend time reviewing the tools and information there.
Every student applying to the University for admission is encouraged to apply for assistance through the Financial Aid Office. We will determine if your child qualifies for federal, state or institutional grants, federal work-study or federal student loans, or for University scholarships and grants, and we are here to help your family evaluate the financial aid package offered by the University and to help you through the potentially confusing process of financing your child's education.