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 during all regular business hours — Monday through Friday between 8:30 AM and 4:30 PM.
Feel free to browse our Frequently Asked Questions, email, call, or visit our office. All this and more can be found by visiting our contact page!
Financial Aid Disbursement
Fall 2022 billing statements begin posting by Student Business Services August 1st. All charges included on statements are due by the 20th of the month. You can find a full billing schedule as well as information on payment plans and refunds on the SBS website. You can find how much you may owe by the billing due date by subtracting your pending financial aid from your bill.
Beginning August 22nd, Fall 2022 financial aid will begin to apply for:
- full-time (12+ credits) undergraduate students who have a complete financial aid file.
- Graduate students with Direct Stafford Loans who are enrolled in a minimum of six (6) credits and have a complete financial aid file.
- Graduate students with Direct Graduate PLUS Loans who are enrolled in a minimum of nine (9) credits and have a complete financial aid file.
Beginning September 20th, Fall 2022 financial aid will begin to apply for:
- part-time students (less than 12 credit undergraduate students and less than 9 credit graduate students) who have a complete financial aid file.
You can find a full list of disbursement dates on our calendar below.
If there are any adjustments to your financial aid award, you will receive a notification on myUMBC.
Financial Aid Offers
The FAFSA application becomes available as of October 1st for the following academic year. The FAFSA is required for any UMBC student planning to apply for need-based Federal, State or institutional financial aid. UMBC’s priority submission date is March 1st each year.
The FAFSA application is currently available for the 2022-2023 academic year. While our priority deadline has passed for 2022-2023, it’s not too late to complete the FAFSA to be considered for financial aid! Be sure to include the UMBC school code (002105) on your FAFSA application for consideration.
Incoming freshmen and transfer students should expect to receive their offer 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.
Offers for continuing students are contingent upon having a completed financial aid file – all requests for additional information must be submitted and reviewed prior to an offer being made. As always, please monitor your myUMBC email and alerts and address any outstanding to-dos or requests for additional information as soon as possible.
Frequently Asked Questions!
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.
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.
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.