Tuition & Fees:
The following are tuition rates and fees for the 2023-2024 academic year.
Tuition is billed per credit hour in the Online MBA program
Tuition Rate Per Credit |
$1,733.00 |
Global courses will be charged a flat rate tuition and an enrollment deposit.
Tuition and fees are subject to change and annual increases. Although changes in fees are ordinarily announced in advance, the University reserves the right to make such changes without previous announcement
Deadlines:
Summer 2024 | |
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By March 24, 2024 | April 20, 2024 |
After March 25, 2024 | May 20, 2024 |
Fall 2024 | |
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By July 24, 2024 | August 20, 2024 |
After July 25, 2024 | September 20, 2024 |
SUMMER FINANCIAL AID:
In order to qualify for federal financial aid, students must maintain a minimum enrollment of 4 credits combined between the Summer I and Summer II semesters. Students who do not enroll in 4 credits will not be given a financial aid package.
*Students who are using financial aid to pay towards summer balances will receive a late fee due to the delayed disbursement of financial aid through the Financial Aid Office. The late fees will be removed by the Financial Aid Office for those students whose aid disburses during the first disbursement of summer aid, which will occur on mid-May 2024. As a reminder, financial aid, for these purposes, only applies to federal financial aid (student loans). The waiver of late fees does not apply to those students who are self-funding their summer enrollment or receiving payments from an external organization.
Differential Tuition:
For example:
A typical graduate level course that uses the university tuition rates would be charged the following:
$828.00 + $905.00 = $1,733.00 per credit.
If a student is taking courses outside the business school, please contact smithfinancials@umd.
Billing:
Where can I view my bill online and make tuition payments?
- Go to The Office of Student Financial Services and Cashiering
- Choose "Make a Payment" and "Student Login"
- Log-in using your Directory ID and Password
- Payment can be made by Credit or Debit Card (2.85% processing fee), e-check, check, wire transfer or cash.
- Sponsored students should use the 3rd party billing process.
- Log-in using your Directory ID and Password
- Follow instructions to make a payment
- Select View & Pay Accounts to view current activity or latest statement
Billing Explanation and Resources
Monthly Billing Statements are generated at the end of each month by the Office of Student Financial Services and Cashiering. This statement will show the status of your student account on the date in which your statement is generated. Students should utilize the "Student Account Inquiry" screen in Testudo to receive a live view of their bill. The Student Account Inquiry screen is a useful tool that allows students to view their account balance, especially when in between billing cycles.
Many students utilize employer benefits to help fund their education. Often employers require students to provide additional information to have their courses approved for reimbursement. Students can submit a copy of their Billing Statement, Unofficial Transcript or Certification of Enrollment with Course Schedule, and tuition information. If you would like to provide your employer with additional information, the Student Template can be used as a guide in explaining this process. Please note that this is for personal use and the contents within the cover letter is not affiliated with the University of Maryland or The Robert H. Smith School of Business.
Tuition Payment Methods:
For student convenience, payments may be made online, in-person, or via mail. Payments can be made with American Express, Visa, MasterCard, and Discover credit cards*. Personal checks are also accepted. All checks and money orders must be in U.S. dollars drawn on a U.S. bank. Checks must be made payable to the University of Maryland, and include student identification number (UID) on the front of the check.
The Office of Student Financial Services and Cashiering (link is external) may be contacted with billing and payment questions. The Office of Student Financial Services and Cashiering can be reached at billtalk@umd.edu or 301-314-9000. Alternatively, students may contact Smith Billing and Financial Aid via email at smithfinancials@umd.edu(link sends e-mail).
*Please note all credit card payments are subject to a 2.85% processing fee.
Financial Aid:
Domestic Students (U.S. citizens, Permanent Residents and Eligible Non-citizens)
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If you are a United States citizen or a permanent resident of the United States and you are interested in applying for student loans, you must fill out a Free Application for Federal Student Aid (FAFSA) form. This form can be found at https://studentaid.gov/h/apply-for-aid/fafsa. Filling out the FAFSA form will determine your eligibility for federal loans. Please note that the Smith School does not manage the FAFSA or student loan process.
Financial Aid can be obtained in the form of student loans. Each form of aid has its own eligibility and application requirements. Graduate students may qualify for two types of federal student loans: Federal Unsubsidized Direct Loan and Graduate PLUS Loan. In order to be eligible for federal aid, students must be registered for at least 24 graduate units (4 credits) per semester.
Federal Unsubsidized Direct Loans
In addition to the Federal loan programs, several lenders offer private student loans. These loans are usually more expensive than the federal loans and costs vary widely between programs. Students may borrow up to the student’s yearly projected Cost of Education minus any other aid the student is receiving (including other student loans). All lenders will review the borrower’s credit history and some of them will require a loan cosigner.
Summer Financial Aid Information
In order to qualify for federal financial aid, students must maintain a minimum enrollment of 4 credits combined between the Summer I and Summer II semesters. Students who do not enroll in 4 credits will not be given a financial aid package.
During summer registration, students who are interested in paying their summer balance using financial aid must select the "financial aid" payment option once the payment screen generates on the registration website. You must then complete the Summer 2024 Federal Direct Loan Request Form. Students who do not elect this option but want to use financial aid assistance will need to contact the Office of Financial Aid directly by emailing loantalk@umd.edu(link sends e-mail). Students should request a review of their summer aid and provide the number of credits that they are registered for.
*Students who are using financial aid to pay towards summer balances will receive a late fee due to the delayed disbursement of financial aid through the Financial Aid Office. The late fees will be removed by the Financial Aid Office for those students whose aid disburses during the first disbursement of summer aid, which will occur on mid-May 2024. As a reminder, financial aid, for these purposes, only applies to federal financial aid (student loans). The waiver of late fees does not apply to those students who are self-funding their summer enrollment or receiving payments from an external organization.
TERP Payment Plan
The Office of Student Financial Services and Cashiering is making enhancements to the Terp Payment Plan.
The Terp Payment Plan (TPP) at the University of Maryland allows you to spread your educational expenses in monthly installments over the semester. Additional plan details are available at billpay.umd.edu/TPP.
Third Party Sponsored Billing*
Often, students' employers will help cover the cost of education. When a private or government agency is paying any portion of your tuition and fees directly to the university and they are requesting a bill, students will utilize Third Party Sponsored Billing located within the Office of Student Financial Services and Cashiering.
There is no standard form. Some companies will write a letter, on business letterhead, stating what they are willing to pay. Others have a special form. Regardless of the format, all contracts or letters MUST include the following information in order to be processed:
- Student's name
- Student's account number (University ID)
- Specific charges and semesters the sponsor will pay
- Billing address required
- Name, signature and contact information of person authorizing the contract
- Purchase order and contact information of person authorizing the contract
- Purchase order number (for government contracts)
All documentation will need to be submitted to their office by email at thirdpartybilling@umd.edu (link sends e-mail) or by fax at (301) 314-7067.
*Information as outlined by the Office of Student Financial Services and Cashiering (link is external)
Contact:
For general questions, please contact Smith Billing and Financial Aid via email at smithfinancials@umd.edu(link sends e-mail).