How We Determine Your Eligibility For Aid
Determining your eligibility for aid involves comparing a Cost of Attendance Budget to the Expected Family Contribution formulated from the data supplied on your FAFSA form.
Cost of Attendance
Costs of Attendance Budgets are estimates of the educational expenses incurred by students during the nine-month academic year. These budgets include direct university charges (tuition, fees and on campus room and board) and estimates of indirect expenses (transportation, books, supplies, miscellaneous living expenses, and off-campus room and board).
Undergraduate Student Budget
Graduate Student Budget
MBA Student Budget
EMBA Student Budget
Expected Family Contribution
The FAFSA processor determined your Expected Family Contribution (EFC) by analyzing the income and asset data reported on your FAFSA (Free Application for Federal Student Aid). Your Expected Family Contribution (EFC) represents the amount of money you should be able to contribute to your educational expenses during the academic year. Your actual contribution will depend on the amount of financial aid you receive.
Financial Need
Your Financial Need is the difference between your Cost of Attendance and your Expected Family Contribution.
For Example:
| Cost of Attendance: | $20,350 |
| - Expected Family Contribution: | - $10,350 |
| = Financial Need: | $10,000 |
We offer need-based aid to students who show financial need. Your total need-based aid and outside resources cannot exceed your financial need. Need-based aid includes Federal Work-Study, need-based student loans (Perkins and the Subsidized Stafford), and need-based federal, state, and university grants. Outside resources include: UM tuition waivers/remission; Resident Assistant benefits; employer tuition benefits; veterans' benefits; vocational rehabilitation benefits; non-service fellowships (no required service); and private, state, and university scholarships.
Please be aware that we are not always able to provide enough aid to cover every student's full financial need. Students who do not demonstrate financial need may still be eligible to borrow non-need-based student loans and may also apply for merit-based grants and scholarships.
Special Circumstances
Your eligibility for aid is based on the income and asset data you reported on your FAFSA. If you or your family's income has decreased or other special financial circumstances have occurred which were not taken into account on the FAFSA, you may qualify to have your financial need recalculated. For information on this process, please view the Special Circumstances Appeal.
2009-2010 Undergraduate Student Budgets
| 2009-2010 Undergraduate Budgets | In-State |
Out-State |
| Tuition & Fees | $8,053 | $23,989 |
| Room On Campus | $5,549 | $5,549 |
| Board On/Off Campus | $3,828 | $3,828 |
| Personal Expenses & Transportation | $3,024* | $3,024* |
| Books & Supplies | $1,025* | $1,025* |
| Total On Campus | $21,479 | $37,415 |
| Room with Parents | $1,110 | |
| Board with Parents | $2,120 | |
| Total with Parents | $15,332 | $31,268 |
| Room Off Campus Courtyards,Commons |
$6,560 | |
| Total Off Campus | $22,490 | $38,426 |
| * These figures are averages and will vary from student to student. They are indirect costs not billed by the bursar. | ||
2009-2010 Graduate Student Budgets
| 2009-2010 Graduate Budgets | In-State |
Out-of-State |
| Tuition** and Fees** | $10,607^ | $21,507^ |
| Room/Board | $10,808* | |
| Personal Expenses & Transportation | $5,074* | |
| Books & Supplies | $1,302* | |
| Total | $27,791 | $38,691 |
| ^ These figures are estimates. Final figures need to be approved by the Board of Regents and will be posted on www.umd.edu/bursar. | ||
| * These figures are averages and will vary from student to student. They are indirect costs not billed by the bursar. | ||
| **All graduate student budgets are estimated on 9 credits per semester of tuition and fees. If your actual tuition costs will exceed this estimate you may request a budget increase after you are registered. | ||
MBA Cost of Attendance
Note: The following information can be used to understand how eligibility is determined, but the actual dollar amount may not reflect current MBA tuition amounts. For tuition information students should contact the Bursar's office or the R.H. Smith School of Business.
| 2009-2010 MBA Budget | In-State Full Time |
Out-State Full Time |
| Tuition & Fees (15 credits) | $32,769 | $45,949 |
| Room and Board | $10,808 | $10,808 |
| Personal/Transportation Expenses | $5,074 | $5,074 |
| Books & Supplies | $1,552 | $1,552 |
EMBA Cost of Attendance
Note: The following information can be used to understand how eligibility is determined, but the actual dollar amount may not reflect current EMBA tuition amounts. For tuition information students should contact the Bursar's office or the R.H. Smith School of Business.
| 2009-2010 EMBA Budget | Fall | Spring |
| Tuition, Books, Program Housing, Food & Fees | $30,108 | $30,108 |
| Personal/Transportation Expenses | $200 | $200 |
| Recommended Computer Purchase (One time budget item) |
$2,600 | $0 |
| Semester Totals: | $32,908 | $30,308 |
| Yearly Total: | $63,216 | |
