Several educational funding options are available to students through the Office of Student Financial Assistance & Education. The main types of financial aid awards are loans, scholarships and work-study.

Special Update

The March 1, 2013 sequestration deadline has arrived. Learn more about potential impact of sequestration on financial aid at UMB: A message about sequestration

Direct Loans

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.

Title VII Federal Student Loans

Health Professions Student Loans and Nursing Student Loans are funded by Title VII of the Higher Education Act and are not considered private loans.

State Scholarships

State scholarships are available to students who are classified as residents of Maryland state by the Office of the Registrar.  Students should apply for these scholarships in addition to filing a FAFSA by February 28.

Work Study

Federal Work Study Employment, through Federal government funding, provides eligible students with the opportunity to work on or off campus and earn funds as an alternative to loan debt. Students must complete the Free Application for Federal Student Aid (FAFSA) no later than March 1st to qualify. Students can obtain positions both on and off campus for work study and non-work study employment. 

Private/Alternative Loans

Private/Alternative Student Loans are non-Federal Student Loans offered by private institutions (such as banks or credit unions) that are intended to help students meet their education related expenses.

Eligibility Requirements for Financial Aid

All awards require that a student be enrolled in a degree seeking program, students enrolled in Course Work Only or Certificate Only programs are not eligible for any form of Financial Aid; Federal, State, University or Private/Alternative Loans.

All Federal Programs and most State and University programs, as well as some Private/Alternative Loans require that a student be enrolled in at least half-time status in any semester in which they wish to receive Financial Aid. University of Maryland Baltimore defines six credits as at least half-time.