Skip to Main Content

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


Spring 2018 Book Loans

Spring 2018 book loans are now available. Students enrolled at the Main Campus should click here to apply for a book loan. UMBC students enrolled at the Universities at Shady Grove can apply for a book loan here.

Fall 2018 Scholars Program Applications

The deadline to submit UMBC Scholars Program Applications for 2018 closed on January 15thRecommendation Letters will continue to be accepted through January 19th.

Teachers/Counselors – Complete the Recommendation Cover Sheet and submit your Recommendation Letters online here!

Merit Scholarship Discontinuation Appeals

The Merit Scholarship Unit will review scholars’ academic standing from fall 2017 academic transcripts in early January. Recipients failing to meet these requirements will be notified by e-mail and USPS mail of their award discontinuation. (First-semester freshmen are granted an automatic “warning” period if they fail to meet their terms). Scholars interested in appealing their discontinuation with extenuating circumstances may submit a Scholarship Discontinuation Appeal. Appeal Forms will only be accepted from January 10 – 25, 2018. For additional information, click here.

 

2018-2019 Free Application for Federal Student Aid (FAFSA)

The 2018-2019 FAFSA is now available at https://fafsa.gov/. You will need to use your 2016 tax information to complete your 2018-2019 FAFSA. The IRS Data Retrieval Tool (DRT) is available for the 2018-2019 FAFSA.

Need-based financial aid offers for Fall 2018 incoming freshmen will be made by mid- to late-March, 2018. Award letters are sent electronically.

Spring 2018 Billing & Financial Aid Payments

Awarding for Spring 2018 has begun. Please check your myUMBC account for any outstanding To Dos. All communication and award letters are sent electronically.

Spring 2018 financial aid disbursements will begin January 19, 2018 for undergraduate students enrolled in at least 12 credits and graduate students enrolled in at least 6 credits who have a completed financial aid file.

Spring 2018 financial aid disbursements will begin February 14, 2018 for undergraduate students who are enrolled in less than 12 credits. Graduate students must be enrolled in at least 6 credits to be eligible for a Direct Unsubsidized Loan.

Students registered for Spring 2018 before December 31, 2017 will be E-billed on January 2, 2018. E-bills issued 1/2/2018 are due on January 20, 2018. Students with a 1/20/2018 E-bill due date are responsible for paying the difference between their balance and any pending financial aid by this date. Students will not receive a late fee on any portion of the balance covered by pending financial aid. Financial aid is pending only if the aid is visible on the Financial Aid Inquiry screen of myUMBC.

 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.

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. Learn more about these changes here.

Remember…


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. >>