Your Financial Aid Options

You don't have to navigate financial aid alone. University of Maryland University College is committed to helping you find ways to meet, manage, and lower your education costs through a variety of financing and payment options. Take time to explore the various options below, so you can decide which ones are the best fit for your life and budget.

9 Great Ways to Pay for Your Education

When it comes to covering your college expenses, you have options. Federal student financial aid, available through the U.S. Department of Education, provides loans, grants, and scholarships to help fund your degree.

Your eligibility is based on your current financial need, as well as other factors, including whether you're a full-time or part-time student. We encourage you to learn about these different ways to pay for your education and find out which ones you may qualify for. Remember: The No. 1 reason students don't get financial aid is because they never apply.

Monthly Payment Plan
  1. Monthly Payment Plan

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    UMUC's interest-free monthly payment plan can help you manage your education by allowing you to pay your tuition over the course of several months or the full semester. There are no finance charges, just a low nonrefundable enrollment fee. Payments are accepted by credit card, check, money order, or electronic debit from your checking or savings account.

Employer-Provided Tuition Assistance
  1. Employer-Provided Tuition Assistance

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    Many companies and organizations offer tuition-assistance programs to retain employees and develop their knowledge and skills. If you are an employee of the Federal government or an active-duty military servicemember, you may be eligible for tuition assistance through your employer. Ask your supervisor, human resources department, or education office whether tuition benefits are available to you.

UMUC Scholarships
  1. UMUC Scholarships

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    UMUC offers more than 50 unique scholarship programs for undergraduate and graduate students, including the prestigious UMUC President's Scholarship. Students can also apply and be considered for Maryland state scholarship programs, such as the Legislative (Senatorial and Delegate) scholarships. In addition, UMUC offers special scholarship programs for Maryland community college graduates and for military personnel.

Private Scholarships
  1. Private Scholarships

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    In addition to applying for the scholarships administered by UMUC, we encourage all students to apply for aid because there's no age or income limit to apply. There are scholarships for academic or artistic achievement; for students interested in specific fields of study; for residents of certain cities, counties, or states; and for members of religious, ethnic, or under-represented groups.

  1. Grants

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    Grants are typically need-based and do not need to be repaid. Awards vary depending on the student's enrollment status and level of need.

Federal Loans
  1. Federal Loans

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    Like many students, you may need additional financing to supplement your savings, grants, and scholarship awards. That's why most financial aid packages include an offer of aid in the form of Federal loans. Loans, of course, must be repaid with interest, but Federal loans are advantageous because they offer low interest rates and more flexible repayment plans.

Alternative Loans
  1. Alternative Loans

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    Alternative loans can be used to supplement your financial aid.

Military Benefits
  1. Military Benefits

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    UMUC enrolls more than 54,000 active-duty military servicemembers, reservists, veterans, and family members. UMUC advisors are skilled in helping military veterans and active-duty personnel—as well as their spouses or dependents—explore the education assistance benefits available to them through the Montgomery GI Bill®1, Post-9/11 GI Bill, Veterans Educational Assistance Program, and Survivors and Dependents Program.

Tax Benefits
  1. Tax Benefits

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    The Federal government offers two tax credit programs that allow you to reduce your income tax bill. The American Opportunity Tax Credit allows families to claim a credit of up to $2,500 for each eligible dependent for up to two tax years. The credit applies toward tuition and fees for the first two years of postsecondary education for students who are enrolled at least half-time in an eligible degree or certificate program.

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    The Lifetime Learning Credit allows families to claim up to $2,000 per year for postsecondary education, including undergraduate or graduate degrees or individual courses to acquire or improve job skills.

    For both tax credits, the amount an individual or family can claim depends on income, the amount of tuition and fees paid, and the amount received from certain scholarships and grants. Also, you may be able to deduct up to $4,000 in tuition and fees from your return.

Apply for Aid at UMUC

UMUC encourages you to apply for financial aid, regardless of your income. You may receive more than you expect! All the forms you need to apply for financial aid and for admission to UMUC are available online.

The FAFSA is Your First Step

Your first step in applying for aid is completing the Free Application for Federal Student Aid, known as the FAFSA. UMUC's school code is 011644. For priority consideration, your FAFSA must be received by the established priority deadlines:

  • June 1 (for fall)
  • November 1 (for spring)
  • April 1 (for summer)

Learn more about how to apply for financial aid.

Navigate Financial Aid

Video: UMUC Helps Students Navigate Financial Aid

Alumna Victoria Kelly discusses how UMUC's advisors helped her through the federal financial aid process.

1 GI Bill is a registered trademark of the U.S. Department of Veterans Affairs. More information about education benefits offered by VA is available at the official U.S. government website.

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Or call 800-888-UMUC (8682) to speak directly with an advisor.

Financial Aid TV

How Much Will
a UMUC Degree Cost?

If you're a first-time, full-time undergraduate student, you can estimate your costs with our Net Price Calculator.

Studying Overseas?

Visit UMUC Europe or UMUC Asia to learn about financial aid, tuition, and payment options.

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