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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.

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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.

IRS DRT Outage Alert: The IRS Data Retrieval Tool (DRT) will be unavailable beginning at 8AM ET on Saturday, November 17, 2018 until 6PM ET on Sunday, November 18, 2018 as the IRS completes critical system upgrades. During this outage period, actions can be completed on fafsa.gov, using the myStudentAid mobile app, and on StudentLoans.gov. However, if an action requires entry of federal tax information, the tax information will need to be provided manually. Applicants may wish to complete the application after the outage is over.

Remember, the priority deadline to file your 2019-2020 FAFSA is February 14, 2019.

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.

2018-2019 Financial Aid Awards

We are currently making need-based financial aid offers for the 2018-2019 academic year to students with complete financial aid files. Award notifications are sent electronically to students’ UMBC e-mail accounts. Remember to monitor your myUMBC Alerts for any outstanding documents.

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.

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.