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Quick Facts ▾
The following is a list of aid that is available on an annual basis based on the student's individual eligibility and level of funding.
|Award Name||Award Type||Funding Source||Minimum Award||Maximum Award|
|Federal Pell Grant||Grant||Federal||$523||$5,550|
|Federal Stafford Loan
|Federal Stafford Loan*
*Federal Stafford Loan (unsubsidized) available to independent students and certain dependent students.
The budget (cost of attendance) is an estimate of education-related expenses for an academic year. It includes direct education expenses such as:
- Mandatory fees
Also included are indirect education expenses such as:
- Books and supplies
- Room and board
- Commuting expense
- Uniforms and instrument
The Student Financial Aid Office does an annual budget adjustment each year. Please note that tuition and fees are projected in this adjustment and that actual costs may change. Refer to the Student Accounting Office or your bill for actual costs. Admitted students may view their budget on SimsWeb.
The most common living-expense budgets for Year 1 students is below. This living-expense budget includes the summer, fall, and spring.
|Off campus||Pascault Row||With Parents|
All awards are based on each student's individual need as determined by the FAFSA.
No award is guaranteed and awards are not automatically renewed from one year to the next. Award dates may be found on the financial aid calendar.
Maryland residents: Students considered Maryland residents by UMB should complete the FAFSA before March 1 to be considered for Maryland State Scholarships. More information is available here.
Typical Award Package ▾
Students who file the FAFSA on or before March 1 are given priority award consideration.
The following award package is an example of what a student who filed on or before the priority award date may expect to be offered:
|Subsidized Federal Stafford Loan||$5,500|
|Unsubsidized Federal Stafford Loan||$7,000|
Students are strongly encouraged to meet with their financial aid counselor before applying for a private/alternative loan.
Students are awarded financial aid based on anticipated full time enrollment; 12 credits is considered full time.
Students must remain enrolled at least half time (6 credits or more) to receive federal aid.