Can anyone break down Goucher's financial aid?

Hi everyone, I'm currently in my junior year and looking into Goucher College as one of my potential choices. I read that they offer solid financial aid. Can someone provide any insight into their financial aid process? What types of financial aid does Goucher typically provide? How generous are they?

Goucher College, like many other institutions, determines financial aid based on a combination of federal, state, and institutional guidelines. You can expect different types of aid in your financial aid package. Let's break it down.

1.Need-based aid: This is a significant portion of the aid offered by Goucher. It includes grants, work-study, and subsidized loans. All of these forms of aid depend on the financial need of the student and their family, as determined by the FAFSA (Free Application for Federal Student Aid) and, in some cases, the CSS Profile.

2.Merit-based aid: These are scholarships awarded by the college based on academic achievement, talent, or other factors, regardless of financial need. Goucher does provide merit-based scholarships. The average amount awarded is quite reasonable, though specific amounts vary from year to year.

3.Federal and State aid: Goucher students are also eligible for federal and state aid, which can take the form of grants, work-study, or loans. This is also determined based on information from the FAFSA.

Goucher College is known to be pretty generous with their financial aid. In fact, a significant percentage of incoming students receive some form of financial aid. Remember, completed FAFSA and CSS Profile (if requested) forms are crucial to be considered for the most aid.

Also, it's worth mentioning that the college has a financial aid appeal process if your financial circumstances change or if the aid package you're offered doesn't meet your needs. Be ready to provide thorough documentation to support your appeal.

Don't be hesitant to reach out to Goucher's Financial Aid Office if you need further clarification or have specific questions related to their process. They can provide more personalized and precise information.