UMBC offers a range of financial aid and payment options so that all students may benefit from a UMBC education. Financial aid can come in the form of grants, work, student loans, parent loans, scholarships and other awards.
For more details, select your student status under the “Information For” menu above.
Important MHEC Update
Beginning with the 2018-2019 academic year, changes to the Maryland Higher Education Commission’s (MHEC) Educational Assistance Grant and Guaranteed Access Grant programs may impact the award amounts that students receive. While these changes will not take effect until the 2018-2019 academic year, it is imperative that recipients of these funds review them now, as the number of credits earned during the 2017-2018 academic year may affect their award eligibility for the 2018-2019 award year. Learn more about these changes here.
Summer 2017 Financial Aid
Summer financial aid will apply to the bills of students who have a complete financial aid file and are enrolled in 6+ credits for Summer on July 18th.
Summer Book Loans are now available. Visit our Book Loans Page to learn about who is eligible to receive a book loan, how the book loan process works, and to complete an online Summer 2017 Book Loan Request.
2017-2018 Financial Aid Awards
We are currently making financial aid offers for the 2017-2018 academic year to students with complete financial aid files. As a reminder, all notifications are sent via e-mail to your myUMBC account. Be sure to review your Alerts for any outstanding documents.
If your financial aid offer includes a Federal Direct Parent PLUS Loan, you can learn more about this program here.
Reminder: Effective 3/31/2017, the US Department of Education has announced that the IRS Data Retrieval Tool (DRT) will continue to be out of service for the next several months. At this time, the IRS anticipates the tool will remain unavailable until at least October 1, 2017. If you have an Alert requesting tax information, you will need to submit an IRS Tax Return Transcript instead. You can obtain Tax Transcripts here.
FAFSA School Name: UMBC
FAFSA School Code: 002105
Financial Aid Processing:
Our current processing time is up to 4 weeks from the date your last required document is received.
To see a list of requirements, view your Alerts via your myUMBC account. >>