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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.


Who Is Your Financial Aid Counselor?

UMBC students who are applying for financial aid are assigned a Financial Aid Counselor who will work with them as they go 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.

Fall 2018 Book Loans

Fall 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. The deadline to submit a Fall 2018 Book Loan Request is September 28th.

Fall 2018 Financial Aid Disbursements

Fall 2018 financial aid will apply to the bills of full-time (12+ credits) undergraduate students who have a complete financial aid file on August 20th. Direct Stafford Loans will apply to the bills of graduate students who are enrolled in a minimum of six (6) credits and have a complete financial aid file on August 20th. Fall 2018 financial aid will apply to the bills of part-time undergraduate and graduate students who have a complete financial aid file on September 18th.

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.

2018-2019 MHEC Awarding

MHEC has completed awarding for initial and renewal students in the EA and GA Grant Programs for the 2018-2019 academic year. EA Grant waitlist awarding was completed Monday, August 13th, and newly-awarded students have a total of 6 weeks to accept their EA Grant award. In addition, Workforce Shortage Student Assistance Grant Program (WSSAG) awarding was completed the week of August 10th. MHEC anticipates making 2+2 Transfer Scholarship Program awards within the next 1-2 weeks. Remember to log into MDCAPS to view your State awards.

UMBC will report the total number of Summer Session 2018 credits earned by EA/GA renewal recipients after transcripts have been updated to reflect Summer Session grades on August 23, 2018. Learn more about the credit completion requirements mandated by the College Affordability Act of 2016 here

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

The 2018-2019 FAFSA is available at 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, transfers, and continuing students. Award notifications are sent electronically to students’ UMBC e-mail accounts.

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.

 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.


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. >>