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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.

News


Summer Session 2019 Financial Aid

The Summer 2019 Financial Aid Application is available online. The final deadline to complete a Summer 2019 Financial Aid Application is June 21st. Learn more about Summer Session financial aid options here.

Summer Book Loans are now available.  The final deadline to complete a Summer 2019 Book Loan Application is July 26th. Learn more about who is eligible to receive a book loan, how the book loan process works, and complete an online Summer Book Loan Application here.

2019-2020 Maryland Higher Education Commission (MHEC) Update

The Maryland Higher Education Commission (MHEC) completed its first round of awarding for initial and renewal students in the Educational Assistance (EA) and Guaranteed Access (GA) Grant programs on May 1st, and is in the process of releasing notifications to students. The MDCAPS portal is open for students to review and accept their State awards.

Renewal students eligible to receive the award in their third year and thereafter are currently in a “Qualified/Pending” status and will not have their awards finalized for the 2019-2020 award year until UMBC reports the total number of credits earned during the 2018-2019 award year. Credit completion requirements and eligibility information are available at MHEC’s Fast Track to Finish site. The Office of the Registrar at UMBC requires faculty to report Spring 2019 grades by Thursday, May 30, 2019, and transcripts to be updated by Friday, June 7, 2019. UMBC will report 2018-2019 credits earned to MHEC immediately after June 7th so that award amounts may be finalized.

If you have questions about your award, please refer to the communication you received from MHEC, log in to your MDCAPS account or contact MHEC by telephone at 410-767-3300, or via e-mail at osfamail.mhec@maryland.gov.

2019-2020 Free Application for Federal Student Aid (FAFSA)

The 2019-2020 FAFSA is available at https://fafsa.gov/. You will need to use 2017 tax information to complete your 2019-2020 FAFSA; the IRS Data Retrieval Tool (DRT) is available for the 2019-2020 FAFSA. New for 2019-2020: Students and parents can complete the 2019-2020 FAFSA using the myStudentAid app. Students and parents may download the myStudentAid app free from the Apple App Store (iOS) or from Google Play (Android). UMBC’s School Code is 002105.

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.

 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.

Remember…


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.