Incoming First-Year

Welcome to UMBC!

UMBC offers both need and merit-based aid for first-year students. In addition to general merit-based awards, specialized scholars programs offer financial awards with special opportunities for advanced research, unique seminars, directed internships, study abroad, and more. Learn more about our merit scholarships for incoming freshmen.

UMBC is pleased to provide a student aid calculator as a guide for early financial planning for college. This calculator will provide a preliminary estimate of federal and institutional aid eligibility. The calculator is intended for use by U.S. citizens or permanent residents who will be incoming first-year, full-time students entering in the fall semester pursuing their first undergraduate degree.

Please note this calculator is for estimates only and the actual award package will vary depending on the time of year, regulatory and institutional policy changes, availability of funds as well as verifiable financial information.

Click on “Net Price Calculator” below for your estimate:

Net Price Calculator

Below is a step-by-step tool that will guide you through the financial aid process beginning with your application for admission to UMBC and concluding with the payment of your bill. The links are helpful to both prospective and incoming freshmen.

Getting Started

Be sure to include our school code, 002105, and retain your confirmation page for your records. Need help submitting the FAFSA? Get help directly from the source.

    • Summer 2024/Fall 2024/Spring 2025: Submit the 2024-2025 FAFSA today for financial aid consideration.
What’s Next
  • Once you have been admitted to UMBC you must upgrade your myUMBC account. Your upgraded account will allow you to set up your UMBC email. Please note that we will correspond with you exclusively through your UMBC email address so be sure to monitor it regularly.
  • Financial aid eligibility is evaluated after university admission. Students are notified via email when their financial aid offer is available to view in myUMBC.
    • Two easy ways to navigate to your awards:
      1. Log into myUMBC and click “Profile” at the top of the page.  You will now see multiple ‘cards’ and can click on “Financial Aid” to access your financial aid offer.
      2.  Log into myUMBC and click “Guide” to access the “Billing and Personal Finances” option on the left.  Select “View Financial Aid Inquiry” to see your aid.  Note, this navigation is only available if you have already upgraded your myUMBC account.
  • Students who submit their FAFSA after May 1st will only receive an award offer after all required verification documents have been submitted and reviewed.
  • UMBC has adopted the U.S. Department of Education’s College Financing Plan. You can view your College Financing Plan via your myUMBC account. There will be a link to your College Financing Plan when you view your financial aid offer by using the link provided.
  • Review your myUMBC notifications and to-dos and reply to requests promptly. Failure to respond within the requested time frame may reduce your financial aid funding.
  • Many awards listed on your initial financial aid offer may be based on full-time enrollment. If you plan to enroll for less than 12 credits, you should contact the Office of Financial Aid and Scholarships to discuss how part-time enrollment may affect your awards.
  • Privacy laws restrict information that can be disclosed regarding student records. Please visit our Profile Sharing page for more information on how to authorize others to access your financial aid and billing information.
  • Estimate your out-of-pocket expenses using our Cost Calculator tool.
One More Step…
  • Accept your First-Year Merit Scholarship, if you’ve been awarded.
  • Apply for a loan if the combination of your grants, scholarships and personal contributions are not sufficient to cover your costs. Apply for loans by our priority deadline date – please visit Loans for additional information and to see final application deadline dates.
  • Please note that in order to be eligible for Federal Direct Loans (Subsidized and Unsubsidized) and the Federal Direct Parent PLUS Loan you must have a FAFSA on file and be enrolled in six or more credits.
After Orientation…
  • Review your e-bill through myUMBC by navigating to the “Guide” then “Billing and Personal Finances.”
  • Pay your bill prior to the due date and avoid late fees.
    • Please note: Federal financial aid cannot pay late fees. You can use money you received as a refund to pay these charges.
    • Under limited circumstances, the Office of Financial Aid and Scholarships can request a late fee be waived.
  • Financial Aid disburses a maximum of 10 days before the start of each semester for full-time students. You can view the full Financial Aid Disbursement Calendar to determine when your aid will apply to your account.
  • Review the Book Loan process to see if you are eligible.

Need More Assistance? 

Be sure to visit the rest of our website for more information that may meet your specific needs. If you need further assistance, please feel free to contact us for more information about the application process, the status of your awards, or to submit documents. Students can contact our front office for general questions or connect with their financial aid counselors directly. At UMBC, students are assigned financial aid counselors based on the first letter of their last name.