Maryland's private universities launched a new financial aid program Thursday to match a state grant given to Maryland students with financial need.
The Guaranteed Access Partnership Program will require the private universities to match a student's Guaranteed Access grant. The Guaranteed Access grant is available to low-income students who complete a college preparatory program, have a 2.5 grade point average and enroll full time as undergraduate students at a Maryland institution. The maximum award is $17,500, and it may be renewed annually for three years.
The matching award would not exceed the full cost of tuition and mandatory fees.
The colleges participating...