Financing Your Education
Several financial aid options exist for students wishing to pursue an MBA at
the Smith School. There are many fellowships, scholarships and assistantship
opportunities as well as need-based awards and private loans.
Merit Based Awards [There is no separate
application for these awards - applicants to the Smith MBA program are
The Smith School of Business awards scholarships based on scholastic merit,
evidence of leadership, GMAT scores, and work experience. The generous donors
who provide these scholarships recognize the importance of attracting
outstanding students from all over the world to the Smith School MBA program.
All applicants whose applications are complete by the priority deadline receive
Graduate Assistantships [Full-time & MSB
Financial assistance through college and university research and teaching
assistantships is widely available to academically qualified students. Students
awarded graduate assistantships receive a partial tuition waiver, a stipend for
180 hours of work per semester, and also pay the equivalent of in-state tuition
rates. Assistantships offer
students the opportunity to develop skills in a variety of areas including
technology, communications, business research, teaching, small business
counseling, and project management.
MBA students not awarded graduate assistantships through the Smith school may
apply for an
Graduate Assistantship (GA) throughout the University of Maryland at College
Park. GA positions are handled independently by each department throughout
the university, therefore, students are encouraged to contact departments
US Military Members and Veterans
The University of Maryland has a Veterans Program Office to assist military
service members and veterans in their educational pursuits.
Scholarship and VA benefit information can be found online.
Find out more about military at Smith.
Federal Student Loans
Students who are U.S. citizens or permanent residents may apply for Federal
Student Loans through the Office
of Student Financial Aid by completing the Free Application for Federal
Student Aid (FAFSA). The application is available online at
UMD-College Park's FAFSA code is 002103.
After the FAFSA is received by the Office of Student Financial Aid, additional
information specific to the individual student may be requested. (For example, a
student who has worked full-time and is terminating employment will receive a form
requesting additional information about the current year's expected income). When
all application materials are received Federal loans are certified, and the student
is notified. This notification process typically begins mid to late June.
An application for aid has no bearing on the application for admittance to the
International Student Loan Options
International student loans not requiring a co-signer who is a US citizen or
US permanent resident can be difficult to find. In order to assist international
students, here are a sampling of possible loan options with more flexible