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.
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.
Frequently Asked Questions and Live Assistance!
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.
Additionally, we are planning multiple live FAQ sessions to cover our FAQs and offer you the chance to get your questions answered by a financial aid professional. You can join our live WebEx events using the links below or follow the links on our calendar at either of the following times:
Tuesday August 11 from 3:00 PM – 4:00 PM — Join the live session
Friday, August 14 from 11:00 AM – 12:00 PM — Join the live session
Important Dates for Fall 2020
With the start of the Fall 2020 semester right around the corner, understanding when you will receive your bill, when your financial aid will be disbursed and when you are expected to make a payment is more important than ever. Please take note of the following dates:
- August 1, 2010 — E-Bill issued via myUMBC email
- August 17, 2020 — First Fall 2020 financial aid disbursement (full-time students only)
- August 20, 2020 — Fall 2020 bill due in full
- August 25, 2020 — Account becomes past due, late fee is assessed
- September 15, 2020 — Financial aid disbursements begin for part-time students
CARES Act Emergency Grant Available
UMBC has been provided funds through the CARES Act and is able to offer a CARES Act Emergency Grant to students who are experiencing financial difficulties due to the disruption of campus operations and the transition to online learning, as a result of COVID-19. The emergency grant can be used to cover costs students have incurred due to the disruption of campus operations, such as food, housing, course materials, technology, health care and child care expenses.
The Office of Financial Aid and Scholarships is identifying potentially eligible students and reaching out via email the week of 5/4/20. Eligible students will have an alert added to their myUMBC account with information and a link to the CARES Emergency Grant Request Form. Monitor your email and visit our FAQ page for more about the eligibility and awarding process.
Financial Aid Offers
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 a complete financial aid file began in late-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.
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.
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. >>
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.