GMC provides customized financial aid packages for every qualified studentFor many reasons, earning a college degree today is considered to be a necessity. A person who earns an undergraduate degree can make $1,000,000 or more than a high school graduate over her/his lifetime. Moreover, since 2008, over 95% of the new jobs created have gone to college graduates.
At the same time, the cost of a college education is a concern for both students and parents. Costs can change from one year to another, making it difficult to plan and budget. That’s why, at GMC, we offer a wide range of financial aid programs and work directly with each student to craft a customized financial aid package. 97% of our students receive some form of financial aid.
Higher education, doable cost.
You’re looking for an excellent education — and one you can afford. Which is why we work to keep tuition within everyone’s reach, with 97% of first-year students receiving financial aid and our three affordability guarantees, only available at GMC. In fact, the average student here pays 20% less than the national average for private school tuition.
Through our many affordability programs, each year Green Mountain College awards scholarships/grants of over $10 million dollars. Our financial aid team will work with you to make sure that you receive all of the financial aid for which you are eligible.
When considering the costs to attend college, it is important to understand the difference between “sticker price” and “net price.” The “sticker price” is the stated tuition, room, board and other fees/costs listed by a college. The “net price” is the price the student will actually pay, after all financial aid is awarded.
While GMC’s sticker price may be higher than some other colleges, the net price, after financial aid, is often lower, and potentially much lower. In fact, on average, GMC students pay 20% less than at other private schools.
Campus employment is also available through work study opportunities. Opportunities are provided to students based on need. Estimated earnings are $1,700 ($850 per semester). To apply, a FAFSA must be filed.Students who are enrolled in the Resort & Hospitality Management Program participate in a Winter or Summer Co-Op. Estimated earnings are $4,310 per student. For more information on work study options, contact Ashley Lamb at firstname.lastname@example.org or 802-287-8210.
Federal and State Financial Aid Programs
Several loans and grants are available. To learn more, click the following links, and also feel free to contact the financial aid office at email@example.com or 800-776-6675 for more information.
Federal Pell Grants. U.S. citizens (or permanent residents) pursuing a first bachelor’s degree, admitted academic year (and subsequently enrolled), must demonstrate high financial need for this grant as determined by the FAFSA. The award amount varies from up to $5,730. The FAFSA must be filed to be considered for a Pell Grant.
Federal Supplemental Education Opportunity Grants. U.S. citizens (or permanent residents) pursuing a first bachelor’s degree, admitted academic year (and subsequently enrolled), must demonstrate high financial need for this grant as determined by the FAFSA. Award amounts vary depending on the level of financial need and funding availability. The FAFSA must be filed.
Federal Stafford Loans. For U.S. Citizens (or permanent resident) admitted (and subsequently enrolled), subsidized loans are determined by FAFSA results and financial need; unsubsidized loans are available when need is not demonstrated. The first year award is: $5,500, for sophomores: $6,500, and for juniors/seniors: $7,500.
Federal Parent Loan for Undergraduate Students (PLUS). The loan is available to the parent of a dependent student who is enrolled at least half time. Parents may borrow up to the cost of attendance minus any other financial aid. To apply, obtain PLUS application from the GMC Office of Financial Services. The FAFSA must be filed.
STATE FINANCIAL AID PROGRAMS
Refer to the education office within your home state to determine grant availability and eligibility.
Payment through Tuition Management Systems (afford.com)
Available for all enrolled students, this program is interest-free with a participation fee; amounts may vary and are budgeted over 10 months. Brochures are available from the GMC Office of Student Financial Services.