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 automatically considered.
The Smith School of Business awards scholarships based on scholastic merit, evidence of leadership, GMAT/GRE 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 automatic consideration.
- The priority application deadline for international students applying is December 15, 2015.
- The priority application deadline for domestic students applying is Januay 14, 2016.
Full-time & MSB Programs Only
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 directly.
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.
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 www.fafsa.ed.gov; 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 program.
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 co-signer requirements.