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 Scholarship Awards
Applicants who gain admission to the Smith Part-time MBA program demonstrate personal drive, passion and a desire to make a positive impact in the workplace and community. As the Smith Part-time MBA program is renowned for its academic rigor and intellectual demands, an applicant who also demonstrates exemplary academic potential will receive a merit-based scholarship based upon official GMAT or GRE scores. Scholarship awards range from $7,500 up to $25,000.
There is no separate application for the Merit-Based Scholarship, however applicants must submit their complete application by the priority deadline to be considered
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.