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OFFICE OF STUDENT FINANCIAL AID0102 Lee Building301-314-9000 301-405-9265 umfinaid@umd.edu www.financialaid.umd.edu The Office of Student Financial Aid (OSFA) administers all types of federal, state, and institutional financial assistance programs, and, in cooperation with other university offices, participates in the awarding of scholarships to deserving students. The primary responsibility for financing attendance at the University of Maryland, College Park, lies with students and families. Scholarships, grants, loans, and work-study positions are awarded on the basis of academic ability and/or financial need as determined by a federal needs analysis system. It is the intent of OSFA to provide assistance to students who might not otherwise be able to pursue college studies due to financial constraints. Financial aid funds are limited; therefore, all new, readmitted, and returning students must follow these steps to receive priority consideration for financial aid:
New students should not wait to be admitted before filing the FAFSA. A financial aid application has no bearing on a student's admission application. However, students will not receive final consideration for aid until they are admitted to a degree program. 3. Complete the FAFSA no later than February 1, so that it is received by the federal processor by February 15. Applying online helps to expedite the process. Income for the previous year may be estimated initially and corrected later on the Student Aid Report (SAR). Applications received before February 15 will be given priority consideration. General Regulations Applicable to All Forms of Aid Full-Time Status. For most types of aid, students must attempt at least 12 credit hours through the schedule adjustment period each semester in order to receive the full financial aid award. Please refer to the standards of Satisfactory Academic Progress (SAP) when considering dropping below 12 credit hours for any given semester. Please visit the Office of Student Financial Aid to review the Satisfactory Academic Progress policy at www.financialaid.umd.edu . Citizenship Status. In order to be eligible for federal, state, or university financial assistance, students must be United States citizens or eligible non-citizens. Default/Owe Refund: Students cannot be in default on an educational loan, nor can they owe any refund on a Pell Grant or Supplemental Educational Opportunity Grant (SEOG) previously awarded at any post-secondary institution. Degree-Seeking: Students must be working toward a degree or certificate. Students must be admitted to the university as "degree-seeking." Satisfactory Progress: Students must be making satisfactory progress toward a degree or certificate according to the Standards for Satisfactory Academic Progress (SAP) published in the Schedule of Classes. Please visit the Office of Student Financial Aid to review the Satisfactory Academic Progress policy at www.financialaid.umd.edu . Selective Service: To receive federal financial aid, male students must register with Selective Service if they are at least 18 years old and born after December 31, 1959, unless they are not required by law. The federal government will verify compliance of this registration requirement. Students who have questions about Selective Service registration may contact the Selective Service at 847-688-6888/1-888-655-1825 or www.sss.gov. Receiving a Non-University Award: If a student receives assistance (scholarship or loan) from a non-university source, the university may reduce the financial aid awarded by the university. It is the student's responsibility to notify the Office of Student Financial Aid of all outside awards. Change in Financial Situation: It is the student's responsibility to notify the Office of Student Financial Aid of any changes to his or her financial circumstances during the year. Reapplication Requirement: Need-based assistance is not automatically renewed from year to year. All students requesting need-based aid must reapply by submitting a new or renewal FAFSA annually. Such reapplication must indicate continued financial need and maintain Satisfactory Academic Progress (SAP). Please visit the Office of Student Financial Aid to review the Satisfactory Academic Progress policy at www.financialaid.umd.edu . Award Policy: Financial aid is normally a combination of grants, loans, and student employment. The financial aid "package" is determined by the availability of financial aid and the financial circumstances of each student. It is not necessary to make any special application for university grants. The Office of Student Financial Aid will determine awards that best fit the needs and qualifications of the candidates. Estimating Educational Cost 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). Off campus cost of living expenses are determined based on the average room and board charges for the local area. These are indirect costs, not billed by the University. Actual College Park tuition and fees can be found by contacting the Office of the Bursar at www.umd.edu/bursar . Dependent student living on campus (not with parent/relative)
Dependent student commuting from parents home
Dependent student living off campus (not with parent/relative)
* These figures are averages and will vary from student to student. They are indirect costs not billed by the bursar. |