Student Financial Aid

2013-2014 Financial Aid Award Guide

Your Award Notification

Most initial awards are based on the assumption that you will enroll full-time for the academic year. If you will enroll part-time, please read the section about Required enrollment. The aid you have been offered is based on several factors: your financial need, whether the Free Application for Federal Student Aid (FAFSA) processor received your FAFSA by UM's Priority Deadline (February 15th), your academic achievement or potential, and the availability of funds. For more information on how financial need is determined, see the section on How to Determine your Eligibility.

Aid From Other Sources

You must report all aid you expect to receive that is not already listed in the award section of your Award Notification. This includes, but is not limited to: UM tuition waivers, non-service fellowships, UM scholarships, private scholarships, vocational rehabilitation benefits, veteran's benefits, employer tuition benefits, and Resident Assistant benefits. If it is not listed as part of your award package, the Financial aid office does not know you are receiving the funding, and your financial aid award may be affected.

Completing Your Award Notification

A copy of your award notification can be obtained at All correspondence will be via email unless you notify us that you prefer paper. Therefore, it is imperative that the University of Maryland have an accurate e-mail address. Please go to to change or add a correct e-mail address. In addition, you will need to know your PIN. If you have questions regarding your PIN, please contact Records and Registration at 301-314-8240 or email

Direct Loan Application Process

Your financial aid status is available on-line Monday through Saturday between 7:30 am and 7:00 pm. You may accept or decline your awards by visiting which is our financial aid website. The website will prompt you to do the following:

  1. Complete the loan section(s) of your Award Notification by inputting the amount of funds you need in the Total Column, not to exceed the amount offered.
  2. All Direct Loans are funded through the Department of Education. If you have had previous loans through the University of Maryland’s Federal Family Education Loan Program (where you selected a lender), we cannot certify new loans using your previous lender.
  3. If you are a first time borrower at the University of Maryland, you will be required to complete an Entrance Counseling Session online. Please do this when prompted since your loan funds will not disburse until this requirement is completed. The website for the Department of Education’s Entrance Counseling is
  4. After you complete your Award Notification on the web, click SUBMIT at the bottom of the page. Your awards will be automatically transmitted to our office for processing.
  5. If you are a first time borrower through the University of Maryland, you must complete a Direct Loan Master Promissory Note (MPN) with the Department of Education. The website for the MPN is Your loan funds will not disburse until the MPN is completed. You will need to complete only one MPN during your course of study here at the University of Maryland.
  6. Direct loans will disburse to your student account provided that you are enrolled at least half-time, have completed an entrance counseling session, and a master promissory note. If you are unsure whether you have met all of your requirements you can check your status at

** The Master Promissory Note is a one time contract between the borrower and the Department of Education that reflects the terms and conditions under which the borrower promises to repay the loan.