WELCOME
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.
News
The Office of Financial Aid and Scholarships staff are available to assist you during all regular business hours — Monday through Friday between 8:30 AM and 4:30 PM.
Feel free to browse our Frequently Asked Questions, email, call, or visit our office. All this and more can be found by visiting our contact page!
2023-2024 Financial Aid
- The 2023-2024 FAFSA application will remain available until June 2024.
- Apply online at studentaid.gov/ or via the myStudentAid mobile app.
- Be sure to add UMBC/school code 002105.
2024-2025 Financial Aid
- The 2024-2025 FAFSA application will be available in December 2023.
- Once available, apply online at studentaid.gov/ or via the myStudentAid mobile app.
- Apply by March 1, 2024 for priority aid consideration in the 2024-2025 academic year.
- FAFSA applications submitted after March 1st will be reviewed for award eligibility.
- Be sure to add UMBC/school code 002105
MD Residents: If you completed the FASFA by March 1st, the state of Maryland will automatically consider you for awards. Look out for emails from MDCAPs to accept your award. Once an award is accepted, it should appear with your UMBC aid package in up to two weeks. UMBC begins posting state awards in early May.
Financial Aid Disbursement
Spring 2024 Financial Aid Disbursements
Spring billing statements begin posting by Student Business Services (SBS) January 1st. Any charges added after this date will appear on the next months billing statement. All charges included on the billing statement are due by the 20th of that month. You can find a full billing schedule as well as information on payment plans and refunds on the SBS website. You can find how much you may owe by the billing due date by subtracting your pending fall financial aid from your bill.
Financial aid for Spring 2024 disburses to student accounts weekly beginning January 22nd. Aid for part-time (less than 12 credits) undergraduate students begins to disburse after the add/drop date for the semester. You must pay any portion of your balance not covered by financial aid or a payment plan by the due date in order to avoid late fees.
For all disbursements, if your financial aid exceeds the balance due on your account, you may be expecting a refund. Refunds are processed by SBS typically within 1-2 days of disbursement. You can find more information regarding your refund method or the status of a refund with SBS.
You can find a full list of disbursement dates on our calendar below.
If there are any adjustments to your financial aid award, you will receive a notification on myUMBC.
If you have not yet filed your FAFSA application, be sure to include the UMBC school code (002105) on your application for UMBC financial aid consideration.
Frequently Asked Questions!
The Office of Financial Aid and Scholarships now has a page dedicated to frequently asked questions! Visit our FAQ Page today to get quick, easy-to-understand answers to the most common questions you have regarding financial aid.
Profile Sharing
The Family Educational Rights and Privacy Act (FERPA) protects the privacy of student education records by limiting the disclosure of such records. Students may grant other individuals access to their account information via the Profile Sharing feature in myUMBC. It is a student’s responsibility to share their profile with anyone they would like to receive information about their financial aid and billing.
Higher Education Emergency Relief Fund – Reporting
Remember…
FAFSA School Name: UMBC
FAFSA School Code: 002105
Financial Aid Processing:
All documents received are logged and linked to your financial aid record. myUMBC Alerts will disappear within two (2) business days of receipt. Processing of financial aid documents may take up to four (4) weeks. You should expect that processing times may approach this limit during high-volume periods, such as the start of each term, add/drop, and admissions deadlines. Please continue to monitor your myUMBC account for correspondence or requests from our office and staff.
Our current processing time is up to four (4) weeks from the date your last required document is received.
To see a list of requirements, view your Alerts via your myUMBC account. >>
UMBC Position on Accessible Technology and Information:
UMBC is committed to creating an accessible and inclusive environment for all students, staff, and visitors. If you have difficulties accessing any of the materials on our site, please contact us so that we can remedy any accessibility challenges or provide an alternative format. We welcome your feedback.