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.
Fall 2018 Freshmen Merit & Scholars Program Scholarships
Deadline to accept UMBC Merit Scholarships is May 1, 2018. Step-by-Step Instructions are available in your offer packet and online here. Note: Students may only accept one (1) UMBC academic/merit scholarship. If offered multiple awards from separate UMBC programs or committees, students will be required to select only one award offer. Please be sure to Upgrade your MyUMBC Account and allow 24 hours before viewing your agreement online.
2018-2019 Free Application for Federal Student Aid (FAFSA)
The 2018-2019 FAFSA is 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.
We are currently in the process of making need-based financial aid offers for Fall 2018 incoming freshmen and continuing students. Award notifications are sent electronically to students’ UMBC e-mail accounts.
2018-2019 Cost Calculators
Need help estimating your bill for the Summer Session 2018 and/or the 2018-2019 academic year? Our Cost Calculators are a set of interactive tools specifically designed to help students determine their out-of-pocket expenses.
Student Loan Notification Letters
Beginning with the 2018-2019 award year, colleges and universities in Maryland are required to provide each student applying for financial aid with an annual Student Loan Notification Letter, which includes information about their current individual student loan debt. These letters will be sent electronically, along with continuing students’ 2018-2019 financial aid award notifications. Please take time to review your letter carefully. Planning your expenses ahead of time and borrowing only what you really need can reduce future debt. More information about repayment options can be found here.
Summer 2018 Financial Aid
Summer Session 2018 registration is open. If you are thinking about enrolling in summer classes to put yourself on track to graduate sooner, now is the time to think about your academic and financial plans. You can avoid late fees and other financially stressful situations this summer by being proactive about your finances. The 2018 Summer Financial Aid Application is live, and the final deadline is June 22nd. We also have resources to help you calculate your Summer Session costs, estimate your summer financial aid eligibility, and explore other financing options.
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.
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. >>