The University of Maryland, Baltimore County (UMBC) is a public research university located in Catonsville, Maryland. Founded in 1966, UMBC is a member of the University System of Maryland and is the largest university in Baltimore County. The university offers over 100 undergraduate and graduate degree programs, and its faculty and students are engaged in cutting-edge research across a wide range of disciplines.
Tuition and Fees
Tuition and fees at UMBC vary depending on the student’s residency status, level of study, and program of study. For the 2023-2024 academic year, undergraduate tuition and fees are as follows:
| Residency Status | Tuition | Fees | Total |
|---|---|---|---|
| In-state | $11,084 | $2,473 | $13,557 |
| Out-of-state | $27,620 | $2,473 | $30,093 |
Graduate tuition and fees are as follows:
| Residency Status | Tuition | Fees | Total |
|---|---|---|---|
| In-state | $12,642 | $2,408 | $15,050 |
| Out-of-state | $23,304 | $2,408 | $25,712 |
Financial Aid
UMBC offers a variety of financial aid options to help students pay for tuition and fees. These options include scholarships, grants, loans, and work-study programs. For the 2023-2024 academic year, UMBC awarded over $290 million in financial aid to its students.
Scholarships
UMBC offers a variety of scholarships to students who demonstrate academic excellence, financial need, or other special circumstances. These scholarships range in value from $500 to $10,000 per year.
Grants
UMBC offers a variety of grants to students who demonstrate financial need. These grants do not have to be repaid.
Loans
UMBC offers a variety of loans to students who need to borrow money to pay for tuition and fees. These loans have interest rates that are typically lower than the rates on private loans.
Work-Study Programs
UMBC offers a variety of work-study programs that allow students to earn money while they are attending school. These programs provide students with the opportunity to work on campus or off campus, and they can earn up to $7,500 per year.
Common Mistakes to Avoid
When it comes to paying for tuition and fees at UMBC, there are a few common mistakes that students should avoid. These mistakes include:
- Not applying for financial aid. Many students who are eligible for financial aid do not apply because they think they will not qualify. However, UMBC offers a variety of financial aid options that can help students from all income levels.
- Borrowing too much money. Students who borrow more money than they need for tuition and fees will end up paying more interest over the life of their loans.
- Not understanding the terms of their loans. Students should make sure they understand the interest rates, repayment terms, and other conditions of their loans before they sign on the dotted line.
- Not making payments on time. Students who do not make payments on their loans on time will damage their credit score and may be subject to late fees and penalties.
FAQs
Here are some of the most frequently asked questions about tuition and fees at UMBC:
- What is the deadline to apply for financial aid? The priority deadline for financial aid applications is March 15.
- How do I apply for financial aid? You can apply for financial aid by completing the Free Application for Federal Student Aid (FAFSA).
- What types of financial aid are available? UMBC offers a variety of financial aid options, including scholarships, grants, loans, and work-study programs.
- How do I find out if I am eligible for financial aid? You can find out if you are eligible for financial aid by completing the FAFSA.
- How do I pay my tuition and fees? You can pay your tuition and fees online, by mail, or in person at the UMBC Bursar’s Office.
- What is the refund policy? UMBC offers a refund of tuition and fees to students who withdraw from the university before the end of the semester.
SmartVerbs to Generate Ideas
Here are some smartVerbs to generate ideas for ways to save money on tuition and fees at UMBC:
- Negotiate: You may be able to negotiate a lower tuition rate with the university’s financial aid office.
- Explore: There are a variety of scholarships and grants available to help students pay for tuition and fees.
- Borrow: If you need to borrow money to pay for tuition and fees, shop around for the best interest rates and repayment terms.
- Work: You can earn money to help pay for tuition and fees by getting a job or participating in a work-study program.
- Save: Start saving for college as early as possible to reduce the amount of money you need to borrow.