Student Financial Aid

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. Click link for further information.

Expected Family Contribution

The federal 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.

FAFSA Corrections

Once the federal processor receives your FAFSA, you are sent a Student Aid Report (SAR) which summarizes your FAFSA data. If you filed your FAFSA online and have your FSA ID, corrections may be made online. Your eligibility for aid is based on the information reported on your FAFSA and any additional information we collected from you.

If you need to correct your FAFSA data after we have awarded you financial aid, please contact a Financial Aid Counselor at 301-314-8377 or submit a letter explaining the changes and supporting documentation (i.e. tax forms) to our office.

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 Direct), 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.