Prospective Pharmacy Students

Quick Links: Applying | Quick Facts | Budgets | Awards | Typical Award Package | Enrollment

Applying

Prospective students should file a FAFSA as soon as possible after January 1 in order to ensure that all financial aid deadlines are met. More information about the application process can be found here.

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 NameAward TypeFunding SourceMinimum AwardMaximum Award
University GrantGrantInstitution$500$4,000
Federal Perkins LoanLoanFederal$1,000$5,000
Health Professions*LoanFederal$1,000$7,500
Federal Stafford Loan
(Unsubsidized)
LoanFederal$500$20,500
Federal Grad PLUSLoanFederal$500Cost of Attendance minus all other financial aid received

*Health Professions - Students and parents must both include income and signature on the FAFSA to be considered for this program.  If offered a Health Profession Loan, the student and parent must complete a verification process which includes submitting federal tax returns.

Budgets

The budget (cost of attendance) is an estimate of education related expenses for an academic year.  It includes direct education expenses such as:

  • Tuition
  • Mandatory fees

Also included are indirect education expenses such as:

  • Books and supplies
  • Room and board
  • Transportation
  • Commuting expense
  • Travel

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 SURFS.

The average living expense budget for a 1st year student is below. This living expense budget includes the summer, fall and spring.

 Off CampusPascault RowWith Parents
Resident$19,440$14,229$8,190
Non Resident$19,440$14,229$8,190

Awards

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 prior to 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 1st 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:

Award

Amount

Unsubsidized Federal Stafford Loan

$20,500

Perkins Loan

$5,000

University Grant

$3,000

Grad PLUS

$12,000

Total Awards

$40,500

Total awards will not exceed the individual student's cost of attendance.

Enrollment

Students are awarded financial aid based on anticipated full time enrollment - 9 credits is considered full time.  Therefore, please note that some awards may be reduced if the student drops below full time status. Students must remain enrolled at least half time (6 credits or more) in order to receive federal aid.