FedGrant – Spring
Congratulations on your admission to the Robert H. Smith School of Business! We were very impressed by your application. On behalf of Dean Prabhudev Konana, we are happy to offer you a FedGrant as part of Smith’s alliance with the Federal Government. We are looking forward to seeing you on campus!
The FedGrant award will be evenly disbursed across the Spring 2026, Fall 2026, Spring 2027, and Fall 2027 semesters.
FedGrant - Spring Award for Flex & Online MBA Students
| Spring 2026 | Fall 2026 | Spring 2027 | Fall 2027 | Total Award Value |
|---|---|---|---|---|
$7,018 | $7,018 | $7,018 | $7,020.60 | $28,074.60 |
The calculation is based on the following:
- (54 credits x $1,733) x 30% discount = $28,074.60
- $28,074.60 divided over four semesters
FedGrant - Spring Award for In-State Business Master’s Students
Total Program Credits | In-State Tuition Rate | Total Tuition (Total Credits x Tuition Rate) | Award | Total Award Value |
|---|---|---|---|---|
30 | $1,631 | $48,930 | 30% of Tuition | $14,679 |
The Fed Grant award is only valid for in-person business master’s programs. Programs such as the Online Master of Science in Business Analytics and Online Master of Science in Management Studies are ineligible for the award.
FedGrant - Spring Award for In-State MQF& Students
|
Total Program Credits |
In-State Tuition Rate |
Total Tuition (Total Credits x Tuition Rate) |
Award |
Total Award Value |
|---|---|---|---|---|
|
36 |
$1,631 |
$58,716 | 30% of Tuition |
$17,614.80 |
FedGrant - Spring Award for Out-of-State Business Master’s Students
Total Program Credits | Out-of-State Tuition Rate | Total Tuition (Total Credits x Tuition Rate) | Award | Total Award Value |
|---|---|---|---|---|
30 | $2,072.50 | $62,175 | 30% of Tuition | $18,652.50 |
The Fed Grant award is only valid for in-person business master’s programs. Programs such as the Online Master of Science in Business Analytics and Online Master of Science in Management Studies are ineligible for the award.
FedGrant - Spring Award for Out-of-State MFin & MQF Students
| Program |
Total Program Credits |
Out-of-State Tuition Rate |
Total Tuition (Total Credits x Tuition Rate) |
Award |
Total Award Value |
|---|---|---|---|---|---|
| Master’s of Finance (MFin) |
30 |
$2,115 |
$63,450 | 30% of Tuition |
$19,035 |
| Master’s of Quantitative Finance (MQF) | 36 | $2,115 | $76,140 | 30% of Tuition | $22,842 |
Are you ready to accept your offer of admission to UMD Smith and join our community of fearless leaders? Log in to your application portal to confirm your decision. Make sure to complete all of the steps listed in your admission letter, including paying your deposits on time and completing the Checklist for New Students. Communication may be sent to your application email address or your UMD email address, so continue to check both for important updates.
Thank You Note Information:
You may be required to complete a thank-you note in Scholarship Universe (SU). Please ensure that you submit your thank-you note by the specified deadline. Your scholarship will not be disbursed to your student account until you have fulfilled the thank-you note requirement, and not meeting this requirement could lead to the cancellation of your scholarship. Utilize the link below to assist you in navigating the process of completing your thank-you note requirement on the SU platform.
Scholarship Thank You Notes | Office of Student Financial Aid
Share this milestone and your Maryland Terrapin pride on social media (LinkedIn, Facebook, Instagram and Twitter). We encourage you to download and post the Master’s or MBA graphic for your program.
Also, be sure to follow the Smith School's social media accounts:
To keep your financial award, you must maintain at least a 3.0 GPA, continue to meet assigned expectations and responsibilities and remain in good academic standing and student conduct.
The FedGrant award rates are based on the tuition rates for the 2025-2026 academic year. Tuition rates are subject to annual increases. Please note that the award is applied toward tuition only and will not be disbursed during the Summer term.
For additional information, please visit our FedGrant webpage.
If you are receiving any other financial tuition benefits (employer benefits, veteran’s benefits, external scholarships, etc.) please contact our Smith Financials team at smithfinancials@umd.edu as this award may impact your overall financial situation.
Should you have any questions, please contact the appropriate Admissions points of contact:
Flex MBA Students:
- Baltimore Campus: Angelique Brumbaugh, abrumb@umd.edu
- Rockville Campus: Sydney Wade, swade12@umd.edu
- Washington, D.C. Campus: Aida Kamizi, akamizi@umd.edu
Online MBA Students:
Please contact the Admissions Office at mbaadmit@umd.edu.
Business Master’s Students:
Please contact the Admissions Office at mastersadmit@umd.edu.