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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


Financial Aid Assistance During COVID-19

UMBC is closely monitoring the coronavirus (COVID-19) outbreak. As the situation continues to change, our top priority is the health and safety of our community.

The Office of Financial Aid and Scholarships staff are available to assist you remotely throughout campus closures during all regular business hours — Monday through Friday between 8:30 AM and 4:30 PM.

Please use our contact form for general inquiries. If you would like to speak with a staff member about a specific concern, we are able to set up a conference call. Please use the staff member’s contact link to request an appointment and you will receive a response with availability and conferencing access instructions.

All requests for communication will be addressed within two business days of receipt.

Financial Aid Offers

Offers for the 2019-2020 academic year continue to be offered upon UMBC’s receipt of your FAFSA.

Financial aid offers for the 2020-2021 academic year will continue for incoming freshmen and transfer students as regularly scheduled. Your financial aid offer will come within three weeks of admission to the university or receipt of your FAFSA, whichever date is later, and will be sent to your myUMBC email account.

2020-2021 aid offers for continuing students with complete financial aid files will begin in mid-April. As always, please monitor your myUMBC email and alerts and address any outstanding to-dos or requests for additional information as soon as possible.

Disbursements

Financial aid disbursements will continue every Tuesday as regularly scheduled beginning on Tuesday, March 24. Refunds for eligible students will continue as regularly scheduled. Please direct all inquiries related to refunds to Student Business Services.

Document Submission

Most requests for documents can be accommodated via DocuSign. Please check all to-dos for a link to submit your document securely via DocuSign. Requests that cannot be accommodated via DocuSign will typically come via myUMBC email, and should be accompanied by specific instructions for submission. Students who are unable to use DocuSign or are unsure of how to accommodate a request can reach our staff via contact form or by contacting their Financial Aid Counselor directly for additional assistance.

UMBC Scholarships

Fall 2020 General Merit offers for new incoming freshmen are being awarded within two weeks of Undergraduate Admissions decision notifications.

Transfer Merit offers for Fall 2020 students will be awarded in early April 2020.  Click here for eligibility information.

For questions or concerns, feel free to contact a member of the Merit Scholarships Unit via the UMBC Scholarships contact form.

2020-2021 Free Application for Federal Student Aid (FAFSA)

The 2020-2021 FAFSA is now available. You will need to use 2018 tax information to complete your 2020-2021 FAFSA; the IRS Data Retrieval Tool (DRT) is available for the 2020-2021 FAFSA. Students and parents can complete the 2020-2021 FAFSA online at studentaid.gov, or by using the free myStudentAid app on a mobile device.

The priority deadline to file your 2020-2021 FAFSA was February 14, 2020, but it is not too late to apply! UMBC’s School Code is 002105.

Who Is Your Financial Aid Counselor?

UMBC students who are applying for need-based financial aid are assigned a Financial Aid Counselor who will work with them as they progress through the financial aid process. Financial Aid Counselors can help you with questions about how to apply for financial aid, what documents you need to provide to complete your application, and what to do if your financial circumstances change. Click here to find out who your Counselor is and how to contact them.

 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.  For instructions on how to provide a person access to your financial aid and billing information, please see our Profile Sharing Instructions.

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.