Prospective Students

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
Federal Pell Grant Grant Federal $657 $6,195
Federal SEOG Grant Federal $500 $3,000
University Grant Grant Institution $500 $4,000
Federal Direct Stafford Loan
Loan Federal $500 $5,500
Federal Direct Stafford Loan*
Loan Federal $500 $7,000

 *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:

  • Tuition
  • Mandatory fees

Also included are indirect education expenses such as:

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

The most common living-expense budgets for Year 1 students is below. This living-expense budget includes fall and spring semesters.

 Off campusPascault RowWith Parents
Resident $23,850 $19,350 $8,190
Non-resident $23,850 $19,350 $8,190

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:

Federal Direct Subsidized Stafford Loan $5,500
Federal Direct Unsubsidized Stafford Loan $7,000
University Grant $4,000
Total Awards $16,500

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.

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) to receive federal aid.