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Financial Aid Guidelines

SEND ALL FINANCIAL AID CORRESPONDENCE TO:

Office of Financial Aid and Student Campus Employment
Mary Baldwin College
Staunton, VA 24401

The Financial Aid Office is located on the ground floor of the Administration Building (Bldg. 1 on the campus map).

Office hours: Monday – Friday, 8:30 a.m. to 4:30 p.m.

Include name, MBC ID No. or SSN on all documents sent to this office.

Phone: (540) 887-7022 or 1-800-468-2262
Fax: (540) 887-7229
Email: finaid@mbc.edu

THE ADULT DEGREE PROGRAM (ADP) AND GRADUATE PROGRAMS:

THE RESIDENTIAL COLLEGE FOR WOMEN (RCW), VIRGINIA WOMEN’S INSTITUTE FOR LEADERSHIP (VWIL), AND THE PROGRAM FOR THE EXCEPTIONALLY GIFTED (PEG):

Timeline for RCW, VWIL, PEG

WHO IS A RESIDENTIAL COLLEGE FOR WOMEN (RCW) STUDENT?

A RCW student is a young woman who enters college immediately after graduating from high school. These guidelines also apply to traditional age students who enter the VWIL and, to a limited degree, those young women between 13 and 16 years old who enter the PEG.

ELIGIBILITY FOR COLLEGE ASSISTANCE

All applying freshmen and transfer students are automatically considered for merit scholarships and grants. High school or college cumulative Grade Point Average (GPA) and test scores are used by the Admissions Office to determine who is eligible for merit scholarships. Generally, in order to be considered for financial aid based on need, a student must complete the Free Application for Federal Student Aid (FAFSA), available online at www.fafsa.ed.gov or FAFSA en Español. Soon after the federal government processes a student’s FAFSA, the MBC Financial Aid Office will notify the student of her eligibility. Students must reapply for need-based and federal aid each year they are enrolled. If a family’s economic situation remains constant over the four years of a student’s enrollment, every effort will be made to see that the amount of her overall aid package remains constant, although the balance between loans and grants will change.

INTERNATIONAL STUDENTS

College-funded need-based financial assistance is restricted to United States citizens or non-citizens eligible for federal programs. All international students must be prepared to meet the costs of education and living expenses while in this country with personal or family funds, although some might qualify for merit scholarships awarded by the Admissions Office. The College cannot issue the Certificate of Eligibility (Form I-20) unless it has satisfactory evidence that the international student will have adequate financial resources.

WORK-STUDY JOBS ON CAMPUS

Jobs are primarily available on a need basis; however, some students with specialized qualifications may be able to locate non-need employment through the Coordinator of Student Jobs. See Jobs on Campus.

LOANS FOR STUDENTS AND PARENTS

Stafford loans are available for any student who files the FAFSA to show eligibility. Parents can apply for the Parent Loan for Undergraduate Student (PLUS). For details on these loan programs see Loans.

SATISFACTORY ACADEMIC PROGRESS

Students must maintain satisfactory academic progress for continued eligibility for financial aid.

SCHOLARSHIPS

Scholarships are awarded to RCW students upon acceptance by the Admissions Office.

FINANCIAL AID FOR STUDY ABROAD

Students are encouraged to experience travel through study abroad classes. Financial aid is available on a limited basis for study abroad opportunities.

TUITION ASSISTANCE GRANT FOR VIRGINIA RESIDENTS

All Virginia residents who are full-time students may be eligible for the Tuition Assistance Grant (TAG) from the State of Virginia. Virginia residents in the VWIL program receive a grant from the State of Virginia but are not eligible for both the VWIL Grant and the TAG. The estimate for the TAG for 2010-11 academic year is $2,600.

ROTC SCHOLARSHIPS

VWIL students may apply for ROTC scholarships. Contact the VWIL office at vwil@mbc.edu or 540-887-7042.

Additional Information on Sources of College Financial Aid

For additional information on the sources of aid available to RCW students, please refer to the Financial Aid section of the Academic Catalog.