Financial Aid

From the FSU Media Release

Frostburg State University Announces Award for Associate Degree Holders
Release Date: 10/05/2011

$1,250 Per Semester Available for Students With 3.0 GPAs

Graduates of Maryland community colleges may now be able to attend Frostburg State University at a significant discount, following the establishment of the FSU Associate Degree Scholars Award.

The award is available to students who graduated from any Maryland community college, as well as Potomac State College of West Virginia University, with an Associate of Arts, Associate of Science or Associate of Arts in Teaching degree with a cumulative 3.0 grade point average. Certain Associate of Applied Science degrees may qualify as well.

The award is worth $1,250 per semester and will be awarded for a total of four semesters if the student enrolls full-time and maintains a 3.0 GPA.

Last Year's FSU Financial Aid Profile
72.3% of FSU students receive some form of financial aid

We awarded $960,000 in institutional need based FSU grant funding

We award $100,000 every year to first generation low income college students who participate in our Student Support Services Program

We awarded nearly $1,500,000 in academic scholarships

The Foundation Scholarships totaled $360,000

Thought these were two interesting points to bring up. It would be good too to refer back to this link,

http://www.frostburg.edu/budget/budget-resources/budget-graphs/

These are, again, the budget graphs that were posted on this blog last week. Based on the posted Financial Aid profile, 72.3% of students receive aid. This aid, as posted on the budget expenses, constitutes 13.81% of a $102, 360, 000 budget. Of course, some of the aid comes from external sources, but the scholarship portion constitutes $14, 135, 916 of the budget.

http://www.frostburg.edu/budget/enrollment/

Going off the Fall 2010 enrollment statistics, and sticking to undergraduates, we can estimate (with 72.3% of students receiving some sort of financial aid) that about 3,519 undergraduate students receive financial aid. These students therefore receive an average of about $4,017 from the university.

According to the cost of attendance link, here: http://www.frostburg.edu/ungrad/faid/cost.htm, and posted below, one can see tuition is $5,304, fees at $1,824, and room & board at $8,752 (all for MD residents). The $4,017 allotted in the budget, wouldn't even cover tuition costs.

Of course, the numbers calculated are subject to scrutiny of my own calculations, as well as the assumption that the system would work like this. It of course, does not.

	Maryland Resident	Contiguous Counties**	Out-of-State Resident
*Tuition	$5304	$11356	$15196
*Fees	$1824	$1824	$1824
*Room & Board	$8752	$8752	$8752
Books	$1200	$1200	$1200
Transportation	$750	$750	$950
Personal	$1000	$1000	$1000