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!
2023-2024 FAFSA Application
- Apply online at studentaid.gov/ or via the myStudentAid mobile app.
- Opens October 1, 2022
- Apply by March 1, 2023 for priority aid consideration in the 2023-2024 academic year
- Be sure to add UMBC/school code 002105
Federal Student Loan Debt Relief and Repayment
The proposed Federal Student Loan Debt Relief program is currently on hold pending litigation. No new applications are currently being accepted and all submitted applications are currently being held. You can find more information on the requirements and your eligibility for the One-Time Federal Student Loan Debt Relief with Federal Student Aid.
While litigation continues for the Federal Student Loan Debt Relief program, the U.S. Department of Education has extended the student loan payment pause. If the debt relief program is not implemented or resolved by June 30, 2023, payments will resume 60 days after that. The Department of Education will notify borrowers prior to repayment starting. You can find more information regarding the Student loan payment pause with studentaid.gov.
For all questions related to the debt relief application, the Federal Student Aid contact center is available to assist you at 1-833-932-3439. You can also find information regarding your student loan balance and other federal aid by logging into your ‘My Aid‘ profile on studentaid.gov.
Financial Aid Disbursement
Fall 2022 billing statements begin posting by Student Business Services (SBS) 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.
Financial aid disburses to student accounts weekly. If your financial aid exceeds the balance due on your account, you may be expecting a refund. Refunds are processed by SBS typically within 1-2 days of disbursement. You can find more information regarding your refund method or the status of a refund with SBS.
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.
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.
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.