Marlboro College

Offices Types of Financial Aid

All policies are subject to change by the institution or federal and state agencies.

Federal Direct Loan Program

Direct Loans are low-interest loans for eligible students and parents to help pay for the cost of a student's education after high school. The lender is the U.S. Department of Education (the Department), though the entity you deal with, your loan servicer, can be a private business.

Student Loans:

There are two types of Federal Stafford Loans: Subsidized and unsubsidized Federal Stafford Loans. Recipients of Federal Stafford Loans must be enrolled in school at least half-time (6 credit hours). Graduate students are not eligible for subsidized Stafford loans (effective July 1, 2012).

Under the provisions of the program, a qualified dependent undergraduate student may borrow the following maximum annual loan limits:
$5,500 Freshmen
$6,500 Sophomores
$7,500 Juniors and Seniors
$20,500 Graduate students

Independent undergraduate students may be eligible for additional unsubsidized Stafford loan.

Additional lifetime aggregate borrowing amounts apply.

Parent and Graduate Student Loans:

PLUS loans are unsubsidized loans for the parents of dependent students and for graduate/professional students. PLUS loans help pay for education expenses up to the cost of attendance minus all other financial assistance. Interest is charged during all periods.

Federal Pell Grant

The Federal Pell Grant Program provides need-based grants to low-income undergraduate and certain post baccalaureate students to promote access to postsecondary education. Students may use their grants at any one of approximately 5,400 participating postsecondary institutions. Grant amounts are dependent on: the student's expected family contribution (EFC) (see below); the cost of attendance (as determined by the institution); the student's enrollment status (full-time or part-time); and whether the student attends for a full academic year or less.

Students may not receive Federal Pell Grant funds from more than one school at a time.

Federal Supplemental Equal Opportunity Grants (FSEOG)

The Federal Supplemental Educational Opportunity Grant (FSEOG) program is for undergraduates with exceptional financial need. Pell Grant recipients with the lowest expected family contributions (EFCs) will be considered first for a FSEOG. Just like Pell Grants, the FSEOG does not have to be repaid.

Federal Work Study (FWS)

The FWS Program provides funds for part-time employment to help needy students to finance the costs of postsecondary education. Students can receive FWS funds at approximately 3,400 participating postsecondary institutions. Hourly wages must not be less than the federal minimum wage.

Merit Scholarships and Admissions Grants For New and New-Transfer Students

3.00+ GPA's Presidential Merit Scholarships

2.25 - 2.99 GPA's Admissions Grants

Potash Hill Grants 

3.00+ GPA's Transfer Scholarships

2.49 - 2.99 GPA's Transfer Grants

 

Governor’s Institute Grant $5,000 (For students who have completed a governor’s school summer program)

Phi Theta Kappa Grant $2,500 (transfer students only)

Community College Grant $1,000 (For transfer students from Community College of Vermont)

Beautiful Minds Grants (Enrolling winners of the Beautiful Minds Competition)

Hendricks Award $2,000 (An award for Veterans only)

Awarding Criteria:

While the GPA ranges provide some structure in determining scholarship eligibility, each scholarship awarded is ultimately determined by a holistic review of all of the application materials submitted in each applicant's file. Applicants may be awarded scholarships at levels above or below their respective grade point averages.

The final awarding of all scholarships to eligible applicants is ultimately at the admission committee's discretion.

Merit Scholarships and Admissions Grants For Returning Students:

Students who enrolled full-time at Marlboro College and were awarded a merit scholarship or admissions grant and, who are eligible to reutrn to the college full-time in the next consecutive academic year are eligible for their scholarships to be renewed if the student is maintaining satisfactory academic progress (approved leave of absences and absentias will be considered).  Other information that may apply for returning students include:

Marlboro Grant

This institutional grant is awarded to students who have need as determined by the college’s financial aid policy whose need cannot be met by federal, state or other means. Marlboro College may supplement a portion of need with Marlboro Grant.

Endowed Scholarships

Currently enrolled Marlboro students are eligible for scholarship consideration for our endowed or named scholarships. Ranging from the Roland Boyden Scholarship in the humanities to the Lillian Farber Scholarship in social justice (see list below), the named scholarships vary in fields of study, qualification requirements and funded amounts. Each spring, the faculty scholarship committee reviews eligible continuing students and nominations them for these unique scholarships. These scholarships require financial need and recognized academic excellence. The scholarship will be integrated into the financial aid package such that 100 percent of the award will offset a Marlboro Grant.

All require academic excellence. Scholarship awards vary from year to year depending upon the earnings of endowed funds. Awards replace Marlboro Grants (100 percent), therefore students must have been awarded Marlboro Grant.

State Grants

Some states offer grants to students attending institutions within or outside the student’s home state. It is recommended that a student check with their home state’s Department of Education or State Guarantee Agency to determine if grants are available and how to apply.

Outside Scholarships

Marlboro College recommends that students seek out outside scholarships and grants to subsidize their Marlboro education. Scholarships can come from sources such as private foundations to local companies and financial institutions.

Tuition Exchange

Marlboro College is a member of The Tuition Exchange, Inc., a non-profit association of colleges and universities across the country. The Tuition Exchange (TE) was founded with the purpose to make careers in higher education more attractive. TE strives to achieve this through a reciprocal scholarship program, which finances college tuition for the children and other family members of staff and faculty employed at participating institutions. See Marlboro College’s Tuition Exchange Policy.

Yellow Ribbon Program for Veterans

Marlboro College participates in the Yellow Ribbon Program as part of the Post-9/11 GI Bill. Only veterans entitled to the maximum benefit rate (based on service requirements) or their designated transferees may receive this funding.

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