Financial Aid Alerts
Changes to Loan Origination Fees for Direct Loan Borrowers
A series of mandatory across-the-board federal budget cuts known as sequestration went into effect in 2013. These cuts affect all federal government programs, including federal student financial aid.
As a result, effective October 1, 2014, loan origination fees for Direct Loan borrowers in the 2014-2015 academic year will increase slightly.
The origination fees for all loans disbursing on or after October 1 will be as follows: 1.073% for Direct Subsidized and Unsubsidized Loans and 4.292% for Direct PLUS Loans (Parent and Graduate).
The Financial Aid Office may contact you if additional information is needed. Please check your preferred e-mail for notifications.
Complete the Free Application for Federal Student Aid
The 2014-15 Free Application for Federal Student Aid is available at http://fafsa.gov.
When you apply, please enter school code 011644 to ensure University of Maryland University College receives your FAFSA information.
We also encourage you to use the IRS Data Retrieval Tool, which streamlines the FAFSA process by enabling you to transfer your tax information directly into your application for aid. You can access the IRS Data Retrieval Tool on the FAFSA website.
If you have questions about financial aid at UMUC, please contact us.