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New & Prospective Freshmen

Welcome to UMBC!

UMBC offers both need and merit-based aid for prospective freshmen. In addition to general merit-based awards, specialized scholars programs offer financial awards with special opportunities for advanced research, unique seminars, directed internships, study abroad and more. Learn more about our merit scholarships for incoming freshmen.

UMBC is pleased to provide a student aid calculator as a guide for early financial planning for college. This calculator will provide a preliminary estimate of federal and institutional aid eligibility. The calculator is intended for use by U.S. citizens or permanent residents who will be incoming first-year, full-time students entering in the fall semester pursuing their first undergraduate degree.

Please note this calculator is for estimates only and the actual award package will vary depending upon the time of year, regulatory and institutional policy changes, availability of funds as well as verifiable financial information.

Click on “Net Price Calculator” below for your estimate:

Net Price Calculator

Below is a step-by-step tool that will guide you through the financial aid process beginning with your application for admission to UMBC and concluding with the payment of your bill. The links are helpful to both prospective and incoming freshmen. Be sure to visit the rest of our website for more information that may meet your specific needs.

Getting Started

How to Fill Out the FAFSA
How to Fill Out the FAFSA

What’s Next?

  • Once you have been admitted to UMBC you must upgrade your myUMBC account. Your upgraded account will allow you to set up your UMBC email. Please note that we will correspond with you exclusively through your UMBC email address so be sure to monitor it regularly.
  • Financial Aid Award Notifications are sent beginning late March. You will be sent an electronic¬†notification on myUMBC. If you just completed your FAFSA or were recently admitted to UMBC, you will be able to access your award notification 2-3 weeks after the date of submission of your FAFSA or the date you are admitted, whichever is later.

Viewing Your Financial Aid on myUMBC
Viewing Your Financial Aid on myUMBC

    • Students who submit their FAFSA after May 1 (national Admissions decision deadline) will only receive an award package after all required verification documents have been submitted and reviewed.
  • UMBC has adopted the U.S. Department of Education’s Shopping Sheet. You can view your Shopping Sheet via your myUMBC account. There will be a link to your Shopping Sheet when you view your financial aid package when you view your financial aid package by using the link provided.
  • Please review your ‘To Do List’ for missing documents. Failure to respond within the requested timeframe may reduce your financial aid funding.

Viewing Your Financial Aid To Dos on myUMBC
Viewing Your Financial Aid To Dos on myUMBC

  • The awards listed on your initial Award Notification are based on full-time enrollment. If you plan to enroll for less than 12 credits, you must contact the Office of Financial Aid and Scholarships to discuss how part-time enrollment may affect your awards.
  • Since privacy laws restrict information that can be disclosed regarding student records, you must submit the Authorization to Disclose Information form if your parent(s) or any other person will be contacting our office concerning your financial aid.
  • Estimate your out-of-pocket expenses by comparing your financial aid awards to estimated tuition, fees, room and board charges located under the Cost tab.

One More Step…

  • Apply for a loan if a combination of your grants, scholarships and personal contributions are not sufficient to cover your costs. Apply for loans by our priority deadline date – please visit Loans for additional information and to see final application deadline dates.
  • Please note: in order to be eligible for Federal Direct Stafford Loans (subsidized and unsubsidized) and the Federal Direct Parent PLUS Loan you must be enrolled in 6 or more credits.

After Orientation…

  • Review your e-bill through myUMBC using the Payments and Billing link.
  • Pay your bill prior to the due date and avoid late fees.
    • Please note: federal financial aid cannot pay late fees. You can use money you received as a refund to pay these charges.
    • Under limited circumstances the Office of Financial Aid & Scholarships can request a late fee be waived.
  • Review the Book Loan process to see if you are eligible.


  • All students must meet financial aid Satisfactory Academic Progress (SAP) standards to maintain eligibility for financial aid awards. Students’ academic progress will be evaluated annually.
  • Continue to check your myUMBC for additional email requests, award revisions, and requested documents.

In-Person Assistance…

The Office of Financial Aid and Scholarships has an appointment-based visitation schedule. You may call or stop in the office to receive information about the application process, the status of your awards or to drop off documents.

Inquiries surrounding eligibility or appeals will be directed to your assigned counselor who will schedule an appointment to discuss your questions. This personalized approach allows you to have one point of contact for your financial aid and scholarship inquiries. Please visit our Contact Us page to find your financial aid counselor’s contact information.