Tuition & Financial Aid

Part-Time MBA

Tuition & Financial Aid

Financial Aid

88% of Part Time students receive merit based awards

Did you know 88 percent of Maryland Smith’s Part-Time MBA students receive financial awards? While cost can be a barrier to considering a high-quality business education, there are plenty of options to mitigate the expense.

For your convenience, you may make payments by mail, in-person, online or over the phone. Payments can be made with Visa, MasterCard, and Discover credit cards. Personal checks are also accepted. All checks and money orders must be in U.S. dollars drawn on a U.S. bank.

University of Maryland Payment Plans The best way to avoid lump-sum payments and cover the gap between financial aid and the cost of education without resorting to additional borrowing from alternative sources is to enroll in a University of Maryland Payment Plan.

By enrolling in this plan, you can spread your payments over either eight or ten months. The annual enrollment fee is $50 for the ten-month plan or $80 for the eight-month plan. You can include most university charges: tuition, fees, and parking permits. You can also arrange to have your monthly payments debited directly from your checking or savings account.

Applicants who gain admission to the Smith Part-Time MBA program demonstrate personal drive, passion and a desire to make a positive impact in their workplace and community. In addition, the Smith School awards scholarships based on scholastic merit, GMAT/GRE scores and work experience. Merit-based awards range from $2,500 to $25,000 for the first year.

There is no separate application for Merit-based awards, though applicants should submit their complete application by the priority deadline to be considered.

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. They do this through access to business school education, networking 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 to $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.

A one-time $10,000 Double Terp Scholarship is available exclusively to current seniors and undergraduate alumni of the University of Maryland, College Park, who are newly admitted into the Part-Time MBA Program at Maryland Smith.

Qualified federal employees and their spouses, who are admitted to the Part-Time MBA Program after Jan. 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.

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 loans not requiring a co-signer who is a U.S. citizen or U.S. 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.

For your convenience, you may make payments by mail, in-person, online or over the phone. Payments can be made with Visa, MasterCard, and Discover credit cards. Personal checks are also accepted. All checks and money orders must be in U.S. dollars drawn on a U.S. bank.

University of Maryland Payment Plans

The best way to avoid lump-sum payments and cover the gap between financial aid and the cost of education without resorting to additional borrowing from alternative sources is to enroll in a University of Maryland Payment Plan.

By enrolling in this plan, you can spread your payments over either eight or ten months. The annual enrollment fee is $50 for the ten-month plan or $80 for the eight-month plan. You can include most university charges: tuition, fees, and parking permits. You can also arrange to have your monthly payments debited directly from your checking or savings account.

Tuition

Students in the Part-Time MBA Program in Baltimore, Rockville, and Washington, D.C., will take eight credit hours during the first semester. To help with financial planning, below are the estimated tuition and fees for the 2019-20 school year.

Credits per semester 8
Tuition $13,456
Fees $176.50
Total $13,632.50

Tuition and fees are subject to approval by the University System of Maryland Board of Regents.

Part-Time MBA students are charged on a per-credit basis. Students enrolled in study trips, study abroad and external agreements (Consortium, Inter-Institutional, etc.) will pay applicable fees. Three semesters per year. Credits may vary per semester.

Tuition: Based on $1,682 per credit
Fees: Includes $100 PTMBA Association Fee, and $76.50 tech fee for 8 or fewer credits per semester or $153 for 9 or more credits per semester.

In-State Classification

Students enrolled in the Part-Time MBA Program pay the equivalent of the in-state tuition rate for all classes taken at the Washington D.C., Baltimore or Rockville campuses. Study trips, study abroad and external agreements (Consortium, Inter-Institutional, etc.) classes are charged tuition based on the student’s residency classification. Applicants are granted in-state status if they have been domiciled in Maryland for at least 12 months prior to the last day of registration for the forthcoming semester, and have been financially independent for the previous 12 months. For a complete list of residency requirements, please contact the Residency Reclassification Services.