Graduate Student Getting Started at UMUC

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Financing Your Education

Determining how to finance your education is essential. There are numerous ways to provide for this investment in your future.

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Manage Your Account with MyUMUC

The MyUMUC Student Portal is the fastest way to view your account balances, check your financial aid application and view your disbursements.

MyUMUC also allows you to:

  • Check your financial aid award status
  • Apply for a UMUC scholarship
  • Accept or decline your awards
  • Check for any required documentation
  • Pay your bill
  • Review your account summary
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Tuition and Fees

You can find tuition and fees for the upcoming term on the Tuition and Payments page of our Web site.

All tuition and fees are due at the time of registration unless you are enrolled in UMUC's interest-free monthly payment plan, or you are receiving financial aid or employer-provided tuition assistance. If payment is not received by the due date, you risk the possibility of being disenrolled from your courses.

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Payment Options

It is important to pay your tuition and fees by the established deadlines to ensure a smooth start to your first term. For your convenience, UMUC offers an array of easy payment options:

See 10 Great Ways to Pay for Your Education page to learn more.

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Financial Aid

Financial aid is monetary assistance that is available through the U.S. Department of Education's Office of Federal Student Aid, as well as through UMUC.

Financial aid may be used to cover college expenses such as tuition and fees, room and board, books and supplies, and transportation.

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Financial Aid: Cost of Attendance

If you are applying for financial aid, UMUC estimates the cost of attendance (COA) and provides you with projected educational costs.

The COA consists of both direct (fixed) costs such as tuition and fees, as well as indirect (variable) costs including books, transportation, computer, loan fees, personal expenses, and room and board. The Financial Aid Office uses the COA to determine your financial need and aid eligibility.

Each student's COA will vary depending on their academic program, actual enrolled credit load, residency, and living situation.

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Financial Aid: How to Apply

  1. Complete a Free Application for Federal Student Aid (FAFSA). You will need to provide information about you and your family's income and assets.

    Be sure to list UMUC's school code in Section 5 so that the university receives your FAFSA. Our school code is 011644.

  2. Obtain a Federal Student Aid PIN. To apply for financial aid online, you will need a Federal Student Aid PIN from the Department of Education. Keep Your PIN on record. You will need this number throughout your college experience to reapply for aid and to access or update your personal information on Federal Aid Web sites.

  3. Apply early for priority consideration of limited need-based federal, state, and institutional funding. The FAFSA application should be filed by the established priority deadlines of June 1 (fall), November 1 (spring) and April 1 (summer). Maryland residents should apply by March 1 to be considered for student financial aid from the State of Maryland.

    Please visit Help@UMUC or call 800-888-UMUC (8682) if you have any questions regarding your financial aid.

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Financial Aid: Tips to Ensure a Smooth Application Process

Follow these tips to avoid unnecessary delays in processing your aid application.

  • Read all communications that the Financial Aid Office sends to you and respond immediately to any requests.
  • Keep all of your personal information up to date. This includes your legal name, address, telephone numbers, and e-mail.
  • Maintain a file labeled "Financial Aid" to keep track of your submitted documents.

If you move, you can submit an "address change" through MyUMUC. Be sure to keep your e-mail current. The Financial Aid Office will contact you with important information through e-mail.

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Financial Aid: Determining Eligibility

Once UMUC receives the results of your FAFSA, your information will be reviewed and you will be awarded any grants or loans for which you may be eligible.

Eligibility for federal student aid is determined on the basis of financial need and several other factors. An eligible applicant must

  • Be a U.S. citizen or eligible non-citizen
  • Have a valid Social Security number
  • Register with the Selective Service (males between the ages of 18 and 25)
  • Not have been convicted under federal or state law of the sale or possession of drugs while receiving federal financial aid
  • Be enrolled and working toward a degree or eligible certificate
  • Possess a high school diploma or a general education development (GED) certificate
  • Maintain satisfactory academic progress (SAP) while in school. Read the Graduate SAP Policy.

Please visit or call 800-888-UMUC (8682) if you have any questions regarding your financial aid.

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Financial Aid: Verification

Some aid applications are selected to undergo a verification process, which requires the student to provide tax returns, verification forms, or other types of documents in support of the financial information provided on the FAFSA.

If your application is selected for verification, the Financial Aid Office will notify you by e-mail. Select students may also be required to provide certain non-financial documentation such as birth certificates or permanent resident cards to verify specific non-financial eligibility requirements. In all cases, the Financial Aid Office cannot award funds until all requested documents are received and the student is determined to be eligible for financial aid. Please make sure to check the Financial Aid section in the MyUMUC Student Portal for any required documents.

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Financial Aid: Accepting Your Aid

Your financial aid award lists the amount of aid you are eligible to receive, based on your FAFSA results and on the assumption that you will register at least half-time. The aid awarded is divided equally between the fall and spring terms. It is important that you accept your award so that your aid will be disbursed in a timely manner. You may do this by logging into your MyUMUC Student Portal. Once logged in, click "Student Center" from the menu. The links to "View Financial Aid" and "Accept/Decline Awards" are located in the Finances section of the Student Center page.

If you are awarded a loan(s), you will be notified by e-mail. You must indicate that you wish to receive the funds by accepting your award through MyUMUC. If you accept the award, you may opt to reduce the award amount if you do not need all of the funds.
If you are a borrower, please visit to complete your Direct Loan Entrance Counseling and Master Promissory Note. Both of these documents must be completed before your loan funds will disburse.

NOTE: Your financial aid may not hold your class registration until you complete all of the above steps.

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Financial Aid: Receiving Your Aid

All financial aid funds are first applied to your student account. If your financial aid award is greater than your charges for tuition, fees and books, you will receive those funds in the form of a refund check.

Loans and scholarships are disbursed approximately 10 days prior to the start of classes.

If you are owed a refund, UMUC's preferred method for financial aid refunds is by direct deposit. Students can sign up for direct deposit in their MyUMUC Student Portal. If you do not sign up for direct deposit, all refunds checks will be mailed to you from the State of Maryland Office of the Comptroller within 7-14 business days following the disbursement of aid to your student account.

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Financial Aid: Maintaining Your Eligibility

In order to be eligible for and continue receiving financial aid, you must register for at least 6 credits in your selected program. If you are an MBA student, AMBA 600 satisfies the financial aid eligibility criteria requiring 6 credits even through it is only a 3 credit course. Other classes in the MBA program are 6 credits and meet the financial aid eligibility requirements.

For most graduate students, 6 credits are considered half-time. You also must remain in an eligible program of study and meet the academic standards for financial aid as defined in the university's Satisfactory Academic Progress (SAP) Policy. Please note, non-credit courses are not covered by Financial Aid.

If you have questions or are unsure about your enrollment or financial aid requirements be sure to contact the financial aid department for assistance.
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Financial Aid: Changing Your Enrollment During a Term

If you drop or withdraw from all classes during a session and do not plan to return to UMUC in the same term, you may have to return all or a portion of your financial aid.

Financial aid is awarded for your entire scheduled enrollment. Any reduction in your scheduled enrollment may reduce the amount of financial aid you are entitled to receive. The Financial Aid Office monitors student enrollment and will notify students who are affected by a change in their enrollment status.

Review the policy regarding financial aid and changing enrollment status.

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Financial Aid: What About Scholarships?

UMUC offers scholarships to students based on merit and/or financial need. Award amounts vary by scholarship. Students applying for scholarships must

  • Be a U.S. citizen or eligible non-citizen
  • Be enrolled and working toward a degree at UMUC

Graduate scholarship applicants may also be required to maintain a minimum grade point average (GPA) of 3.0 and have completed at least 9 credits.

Students who apply for financial aid will be pre-screened for scholarship eligibility.
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How to Apply for Scholarships

In order for UMUC to determine your eligibility for a scholarship, you must apply for financial aid by completing and submitting the Free Application for Federal Student Aid (FAFSA).

After your FAFSA information is received at UMUC—typically within three to five business days—and you have been notified that you are eligible for a scholarship, you will need to complete and submit the UMUC Scholarship Application available in the MyUMUC Student Portal.

  1. Log into your MyUMUC account, and then select:

    MyFinances > Financial Aid > View My Financial Aid

  2. Select the corresponding "Aid Year," and then select "Click on this link to apply for a UMUC scholarship."

Students who complete the scholarship application will be considered for all scholarships. Scholarship funding is limited; therefore, we recommend you apply early for maximum consideration.

See the Scholarships page on our Web site for more information.

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Financial Aid Checklist

Have you...?

  • Selected a payment option
  • Reviewed your account summary
  • Applied for financial aid
  • Applied for a UMUC scholarship
  • Enrolled in at least 6 credit hours

If applying for financial aid, have you…?

  • Completed the FAFSA (make sure to include UMUC's school code: 011644)
  • Reviewed the financial aid process checklist
  • Checked the MyUMUC Student Portal for additional financial aid tasks
  • Learned about the types of available aid:
    • Grants
    • Scholarships
    • Loans
    • Alternative loans
  • Read and understood the withdrawal policies
You must complete the FAFSA each academic year that you plan to apply for financial aid.

Financing Your Education

Manage Your Account with MyUMUC

Tuition and Fees

Payment Options

Financial Aid

Cost of Attendance

How to Apply

Tips to Ensure a Smooth Application Process

Determining Eligibility


Accepting Your Aid

Receiving Your Aid

Maintaining Your Eligibility

Changing Your Enrollment During a Term

What About Scholarships?

How to Apply for Scholarships

Financial Aid Checklist