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Financial Aid Book Loan Process

The Office of Financial Aid and Scholarships has revised the Book Loan process to accommodate same day purchase of your books at the UMBC Bookstore. Book Loans will be available starting one week before the start of classes; a schedule of our location and hours of operation is listed below.

How to Determine If You Are Eligible

If you can answer yes to all of these statements, you are eligible for a Book Loan:

  • I have submitted all requested financial aid documents and they have been processed by the Office of Financial Aid and Scholarships (this includes all loan applications) - I do not have any outstanding To-Do’s in my Alerts on myUMBC
  • The amount of all aid I will receive is more than the amount of my bill (I have reviewed my bill on my self-service page of myUMBC)
  • I do not have a past due balance from a prior semester and I do not have an account that is currently in Collections

    • If you meet the criteria listed above, you can request a Book Loan. The UMBC Bookstore will charge the amount of your purchase to your Student Account. It is your responsibility to use your refund to pay charges incurred to your Student Account if you use a Book Loan.

    How Much Is My Book Loan

    Book Loans are awarded based upon your enrollment status OR your refund amount, whichever is less. Use the following chart to determine the maximum amount you can receive in a Book Loan.

         Enrollment StatusMax Book Loan Amt
         Full-Time (12+ credits)$600
         Three Quarter-Time (9-11 credits)$450
         Half-Time (6-8 credits)$300
         Less Than Half-Time (<6 credits)$150
           

    Summer 2012 Book Loan Process

    Please contact your financial aid counselor to be evaluated for a Book Loan. If approved, your Book Loan will be available within 24 hours. You must have your UMBC Campus ID to request and use a Book Loan.