UNIVERSITY OF MARYLAND
SCHOOL CODE: 002104-00
Federal Direct Loan Program
The University of Maryland (UM) participates in the Federal Direct Loan Program (FDLP). FDLP/Direct Loans are low-interest loans available to help pay for college costs. With Direct loans, you borrow directly from the federal government; your lender is the Department of Education. The loan types (Subsidized, Unsubsidized, Grad PLUS and Parent PLUS) and amounts available are based on your dependency status and your grade level and are determined by the school.
To be considered for a Federal Stafford Loan, the student must meet the following conditions:
- Must be enrolled at least ½ time in a program leading to a degree
- Must have completed a FAFSA
- Must demonstrate financial need if awarded a subsidized Federal Stafford Loan
Interest Rates:
The interest rates on the FDLP/Direct Stafford loans are as follows for loans disbursed between July 1, 2011 and June 30, 2012:
- Undergraduate: Subsidized, 3.4% Unsubsidized, 6.8%
- Graduate: Subsidized, 6.8% Unsubsidized, 6.8%
Requirements:
- Entrance counseling: Entrance Counseling helps you to understand your responsibilities regarding your loan(s). If you are a new/first-time Direct Loan borrower at the University of Maryland, you must complete Direct Loan Entrance Counseling before your loan(s) will be processed. You may do so by going to the FDLP/Direct Loan Entrance Counseling website: www.StudentLoans.gov.
- MPN: First-time Direct Loan borrowers at the University of Maryland must also submit a Master Promissory Note (MPN), which may be completed online at the Direct Loans Master Promissory Note website, www.StudentLoans.gov.
Undergraduate Students:
Subsidized | Unsubsidized | |
Year 3 | $5,500 | $7,000 Independant |
Year 4 | $5,500 | $7,000 Independant |
Year 5 | $5,500 | $7,000 Independant |
Graduate Students/Professional Students: Law – Social Work – Physical Therapy – Pharmacy – MPH- MS – PhD – Post Doc. Dental
Subsidized | Unsubsidized | |
Year 1 | $8,500 | $12,000 |
Year 2 | $8,500 | $12,000 |
Year 3 | $8,500 | $12,000 |
Year 4 | $8,500 | $12,000 |
Professional Students: Medicine –M.D. degree – Dentistry – DDS
Subsidized | Unsubsidized | |
Year 1 | $8,500 | $32,000 |
Year 2 | $8,500 | $32,000 |
Year 3 | $8,500 | $32,000 |
Year 4 | $8,500 | $32,000 |
School Code: 002104
Contacting us via Email:
Current students must always use their UM email when contacting us.
Incoming students must have a Financial Aid email address in SURFS. Please log on to SURFS and follow the instructions for adding an email.
Office Hours:
Weekdays:
8:00 AM - 5:00 PM
Physical Location:
601 West Lombard Street
Health & Human Services Library – Suite 221
Mailing Address:
660 West Redwood Street, Room 021
Baltimore, MD 21201
UPS, FedEx and USPS
Priority or Express Mail:
601 West Lombard Street, Suite 221
Baltimore, MD 21201
Phone: 410-706-7347
Fax: 410-706-0824
TTY/Voice: 800-735-2258
Student Financial Assistance email:
aidtalk@umaryland.edu
Financial Education & Wellness email:
FEWTalk@umaryland.edu