Congratulations on your admission to Maryland Smith! We are happy to call you a Terrapin Fellow!
We look forward to welcoming you on campus this coming Spring.
Below are more details on your financial package.
1) Financial Award for Spring of 2022 and Fall of 2022 only*
The monetary award will be evenly disbursed between Spring of 2022 and Fall of 2022. Please note that the financial award may be posted as a scholarship or tuition reduction.
2) Graduate Assistantship for Spring of 2022 and Fall of 2022*
Spring 2022 | Fall 2022 | ||
Tuition remission | $3,840 | $3,840 | Posted on student's account |
Stipend | $4,697.75 | $4,697.75 | Paid via check or direct deposit |
Total | $8,537.75 | $8,537.75 |
In exchange for 360 hours of work per academic year (an average of 12 hours a week), Graduate Assistants receive the following benefits:
- tuition remission at the graduate level rate
- 10 x $768 = $7,680 (automatically applied to your student account)
- a stipend issued in bi-weekly paychecks
- the option to purchase subsidized health insurance
- charged in-state tuition during your appointment
- approximate savings of $8,660 if you are a non-resident
To keep your financial award and your Graduate Assistantship, you must maintain at least a 3.0 GPA, continue to meet assigned expectations and responsibilities and remain in good academic standing and student conduct.
If you choose to decline the Graduate Assistantship portion of the award package, you will not be eligible for any of the benefits listed above which includes covering the difference between in-state tuition rate and out-of-state tuition rate.
If you are receiving any other financial tuition benefits (employer benefits, veteran’s benefits, external scholarships, etc.) please contact our Smith Financials team at smithfinancials@umd.edu as the Terrapin Fellow may impact your overall financial situation.
Should you have any questions, please contact the Admissions Office at mastersadmit@umd.edu
*Graduate Assistantship award valid for Spring 2022 and Fall 2022 only.
*Changing residency status (in-state vs. out-of-state) will impact the value of your financial award
*Taxes and health benefits are deducted from bi-weekly paychecks, thus adjusting your net pay
*Please note that these are 2021-2022 rates, and the value is subject to change for next academic year
*This award is given based on the information provided within your application and is valid for students matriculating in the Spring 2022 semester. Should information change, your award may be adjusted.