Financial Aid Information
At UMBC, approximately 55 percent of students receive financial aid. Several types of financial aid are available: grants, scholarships, and loans. Grants and scholarships need not be repaid; repayment of loans begins after the student drops below half-time enrollment status or leaves the university.
The Free Application for Federal Student Aid (FAFSA) is the application required for consideration of most federal, state, and institutional financial assistance. The FAFSA is available at www.fafsa.ed.gov beginning January 1 for the upcoming fall/spring academic year. The FAFSA should be completed between January 1 and February 14 to meet UMBC's priority deadline. When completing the FAFSA, be sure to include UMBC's federal school code: 002105
UMBC's Office of Financial Aid and Scholarships can also help students apply for the following aid:
- Federal Direct Stafford Loans
- Federal Direct Parent Loans for Undergraduate Students (PLUS)
- Private scholarships
Students may click here to use our interactive UMBC-Shady Grove Cost Calculator to estimate their costs for the upcoming academic year.
A monthly payment plan (MPP) is also offered through Student Business Services. Click here for more information on the MPP.