Financial Awards
Financial awards are merit based and received upon admission to the program. Students should check their acceptance letter to see if they received an award.
When will awards be applied?
Financial awards will be applied directly to the student account after the first week of classes and the drop/add period has concluded. The amount of the award is evenly divided between Fall and Spring only.
Please note that the financial award can only be applied toward tuition.
During the drop/add period, students have the ability to adjust their schedule for the spring semester. After this time, the administration will adjust awards to the student's account accordingly. Students must be registered for at least four credits in order to apply their Financial Award for a given semester.
Balances should be paid by August 20, which is the billing due date for the Spring semester. Students are responsible for all charges and penalties that are assessed to the student account after this deadline.
Updating Federal Student Loan Award
This is intended for students who have submitted a FAFSA application for Federal Student Loans.
Student's award may reduce the amount they are eligible to borrow in loans. It is recommended that each student who has applied for Federal Student Loans updates their loan award to include the award. This update will adjust the student loan package to provide an accurate figure of what’s available to borrow for the academic year.
For more information on Financial Aid click here.
Contact
For general questions regarding Financial Awards, please contact Smith Billing and Financial Aid via email at smithfinancials@umd.edu