Ronald Reagan Building

Financing Your Education

Dollar sign

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 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 the full-time MBA is 1/15.
  • The priority application deadline for the part-time MBA is 2/2.

"Big 10" Scholarship

To celebrate the University of Maryland joining the Big Ten Conference, we are offering a special “Big 10” scholarship for Part Time MBA students who enroll in the Fall 2015 program! To be eligible, an admissible candidate needs to have earned a degree from a “Big 10” school with a 3.0 or higher GPA. Complete applications need to be submitted (including GMAT or GRE scores) by the priority deadline of February 2, 2015.

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 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.