Printer Friendly
Tuition and Fees
Is Hood College Affordable? You bet it is.
Click here to view a complete listing of Hood's tuition, fees and other charges for 2008-09.
The chart above illustrates hypothetical costs a student may experience at Hood College compared to a Maryland public university. The above figures are based on a student with a 1200 SAT score and a 3.4 G.P.A. The student’s family household size is four with one enrolled in college with an adjusted gross income of $89,567. These figures are hypothetical; some students may receive more financial aid and others may receive less than what has been illustrated. Aid awards vary with the student’s academic achievement, his or her family assets, the number of family members attending college and many other factors.
In the current issue of Kiplinger’s Personal Finance Magazine, Hood is one of only 50 private colleges and universities—which include
MIT, Duke, Yale and Johns Hopkins—that qualify as “best values.”
Hood is also ranked year after year by U.S. News & World Report as a “Great School
at a Great Price,” noting Hood’s academic quality and generous merit- and need-based financial support for students.
So what does all this mean? First, because of the numerous scholarships, generous
aid awards and financing options, the out-of-pocket expenses for families with students at Hood are often much less than the full tuition and fees, and can be very competitive with that of most state schools.
Low-cost financing options to help fund a Hood College education include the Stafford Loan Program (currently at 6.8 percent), which defers repayment until after graduation. Those federal loans can be obtained through the Office of Financial Aid; the appropriate application forms are available on the Financial Aid Web site. Many students have such loans included in their financial aid package, but they are available to any student. First-year students can borrow up to $5,500, and that increases to $6,500 in the sophomore year and $7,500 in both the junior and senior years.
Parents can borrow funds through the federally subsidized PLUS Loan Program. Those loans have a competitive rate of interest (7.94 percent) and repayment can be extended over a 10-year period. An application for that loan can also be obtained through the Office of Financial Aid, which is connected with a lender offering competitive rates.
Many Hood families also choose to pay some portion of the fees through Hood's Monthly Payment Plan. Any amount not covered by scholarships, grants and loans can be paid that way over an 8-12-month period. There is a one-time enrollment fee and no interest for paying monthly.
Some families utilize some portion of each of the above options to help pay the bill.