Financial Awards
Financial awards are merit based and received upon admission to the program. Students should refer to their admissions letter to see if they were granted an award.
When will awards be applied?
Smith financial award funds 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 your first four semesters of the program (Fall, Spring semesters only).
Please note that the financial award can only applied towards tuition.
During the drop/add period, students have the ability to adjust their schedule for the fall semester. After this time, administration will adjust awards to the student's account accordingly. Students must be registered for at least four credits in order to appy your Financial Award to a given semester.
Please ensure that any remaining balance is paid by August 20, as this is the final billing due date for the Fall semester. Students are responsible for all charges and penalties assessed to their 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 awards 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 financial award (scholarship / tuition reduction). 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 questions, please contact Smith Billing and Financial Aid via email at smithfinancials@umd.edu