Financing Your Education

88% of Part Time students receive merit based awards

Several financial aid options exist for students wishing to pursue an MBA at the Smith School. For our Part Time MBA students, we offer merit-based scholarship, Double Terp Benefits, and student loans.

In order for students to be automatically considered for merit scholarships, they must apply by our priority deadline. No separate application is needed.

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. In addition, the Smith School of Business awards scholarships based on scholastic merit, GMAT/GRE scores and work experience. Merit-Based Scholarships range from $2,500 - $25,000 for the first year.

There is no separate application for the Merit-Based Scholarship, however applicants should submit their complete application by the priority deadline to be considered.


Federal employees and their spouses who are admitted to the Smith Part Time MBA program after January 30, 2017, may be eligible for Smith’s FedGrant, which reduces graduate program tuition by 30 percent, as part of Smith’s alliance with the Federal Government. To learn more about FedGrant requirements, click here.

MBA Events

Students who attend MBA events and register with the University of Maryland table will be considered for a merit scholarship between $5,000- $20,000. The specific MBA events that qualify for scholarship consideration are listed below:

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.

The Forte Foundation

The Smith School is a proud partner school to the Forté Foundation , a non-profit consortium of leading companies and top business schools working together to launch women into fulfilling, significant careers through access to business school education, opportunities, and a community of successful women. Forté provides fellowships as well as numerous life-long benefits to select Smith MBA women. Scholarships awards range from $5,000 - $20,000. Click here for more information about the Forte Foundation .

Note: There is no separate application for this award. All women applicants to the Smith MBA program are automatically considered.

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.