welcome to umbc!...yes! note: for the 2017-2018 academic year, families will be able to complete the...

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Page 1: Welcome to UMBC!...Yes! NOTE: For the 2017-2018 academic year, Families will be able to complete the FAFSA beginning October 1, 2016 The 2017-2018 FAFSA will be completed using 2015
Page 2: Welcome to UMBC!...Yes! NOTE: For the 2017-2018 academic year, Families will be able to complete the FAFSA beginning October 1, 2016 The 2017-2018 FAFSA will be completed using 2015

Welcome to UMBC!

Page 3: Welcome to UMBC!...Yes! NOTE: For the 2017-2018 academic year, Families will be able to complete the FAFSA beginning October 1, 2016 The 2017-2018 FAFSA will be completed using 2015

Office of Financial Aid & Scholarships financialaid.umbc.edu

Information For New Freshmen New Transfers Financing Your Education

Page 4: Welcome to UMBC!...Yes! NOTE: For the 2017-2018 academic year, Families will be able to complete the FAFSA beginning October 1, 2016 The 2017-2018 FAFSA will be completed using 2015

Must complete a Free Application for Federal Student Aid (FAFSA)

Priority deadline for 2016-2017 was February 14, 2016

If you haven’t submitted a FAFSA for the up coming academic year, it’s not too late! File today!

How do I apply for financial aid?

Page 5: Welcome to UMBC!...Yes! NOTE: For the 2017-2018 academic year, Families will be able to complete the FAFSA beginning October 1, 2016 The 2017-2018 FAFSA will be completed using 2015

Yes! NOTE: For the 2017-2018 academic year,

Families will be able to complete the FAFSA beginning October 1, 2016

The 2017-2018 FAFSA will be completed using 2015 tax year income.

More information will be coming out early in the Fall semester

Do I have to reapply for financial aid next year?

Page 6: Welcome to UMBC!...Yes! NOTE: For the 2017-2018 academic year, Families will be able to complete the FAFSA beginning October 1, 2016 The 2017-2018 FAFSA will be completed using 2015

What Happens Next?

Upgrade your myUMBC account

All correspondence is sent via email to the UMBC email account

Visit our website!

Page 7: Welcome to UMBC!...Yes! NOTE: For the 2017-2018 academic year, Families will be able to complete the FAFSA beginning October 1, 2016 The 2017-2018 FAFSA will be completed using 2015

Financialaid.umbc.edu

Page 8: Welcome to UMBC!...Yes! NOTE: For the 2017-2018 academic year, Families will be able to complete the FAFSA beginning October 1, 2016 The 2017-2018 FAFSA will be completed using 2015

How do I access my financial aid awards?Financialaid.umbc.edu

Page 9: Welcome to UMBC!...Yes! NOTE: For the 2017-2018 academic year, Families will be able to complete the FAFSA beginning October 1, 2016 The 2017-2018 FAFSA will be completed using 2015

Access Your Financial Aid Awards

Step 1: Log into myUMBC Step 2: Click on Topics Billing and

Personal Finances

Page 10: Welcome to UMBC!...Yes! NOTE: For the 2017-2018 academic year, Families will be able to complete the FAFSA beginning October 1, 2016 The 2017-2018 FAFSA will be completed using 2015

Access Your Financial Aid Awards

Step 3: Click on Financial Aid Inquiry

You can access forms as well as “To Do’s”

Page 11: Welcome to UMBC!...Yes! NOTE: For the 2017-2018 academic year, Families will be able to complete the FAFSA beginning October 1, 2016 The 2017-2018 FAFSA will be completed using 2015

Access Your Financial Aid Awards

Page 12: Welcome to UMBC!...Yes! NOTE: For the 2017-2018 academic year, Families will be able to complete the FAFSA beginning October 1, 2016 The 2017-2018 FAFSA will be completed using 2015

Access Your Financial Aid Awards“To Do’s” will display first

Page 13: Welcome to UMBC!...Yes! NOTE: For the 2017-2018 academic year, Families will be able to complete the FAFSA beginning October 1, 2016 The 2017-2018 FAFSA will be completed using 2015

Access Your Financial Aid Awards Awards will display next

Page 14: Welcome to UMBC!...Yes! NOTE: For the 2017-2018 academic year, Families will be able to complete the FAFSA beginning October 1, 2016 The 2017-2018 FAFSA will be completed using 2015

Award Assumptions

Please note that your initial award package is based on the following:

Full-time enrollment (12 credits or more)

Living status reported on the FAFSA Maximum loan amount

Page 15: Welcome to UMBC!...Yes! NOTE: For the 2017-2018 academic year, Families will be able to complete the FAFSA beginning October 1, 2016 The 2017-2018 FAFSA will be completed using 2015

Loan Acceptance

Page 16: Welcome to UMBC!...Yes! NOTE: For the 2017-2018 academic year, Families will be able to complete the FAFSA beginning October 1, 2016 The 2017-2018 FAFSA will be completed using 2015

How To Accept Your Loans Click on Accept/Decline Awards

Page 17: Welcome to UMBC!...Yes! NOTE: For the 2017-2018 academic year, Families will be able to complete the FAFSA beginning October 1, 2016 The 2017-2018 FAFSA will be completed using 2015

Access Your Shopping Sheet Click “View Your Shopping Sheet”

Page 18: Welcome to UMBC!...Yes! NOTE: For the 2017-2018 academic year, Families will be able to complete the FAFSA beginning October 1, 2016 The 2017-2018 FAFSA will be completed using 2015

Access Your Shopping Sheet

Page 19: Welcome to UMBC!...Yes! NOTE: For the 2017-2018 academic year, Families will be able to complete the FAFSA beginning October 1, 2016 The 2017-2018 FAFSA will be completed using 2015

What’s Next? Notify us if you are receiving additional

awards Exception: MD State Scholarships

Estimate your out of pocket expenses Use our interactive Cost Calculators on our

website to determine how much you will need

Apply for loans Visit our Loans page for priority filing dates and

instructions to apply for student and parent loans

Page 20: Welcome to UMBC!...Yes! NOTE: For the 2017-2018 academic year, Families will be able to complete the FAFSA beginning October 1, 2016 The 2017-2018 FAFSA will be completed using 2015

Access to Student Information Family Educational Rights and Privacy Act

(FERPA) federal law designed to protect the student’s

educational records. This applies to all university related records, including financial aid and billing.

Authorization to Disclose Information is a UMBC form for students to grant permission to discuss their financial aid and student account information with parents/others.

Students are strongly encouraged to remain an integral part of the financial aid & billing process.

Page 21: Welcome to UMBC!...Yes! NOTE: For the 2017-2018 academic year, Families will be able to complete the FAFSA beginning October 1, 2016 The 2017-2018 FAFSA will be completed using 2015

Financial Smarts @UMBC

http://financialsmarts.umbc.edu/Provides students with the necessary tools to make informed and effective financial decisions

Page 22: Welcome to UMBC!...Yes! NOTE: For the 2017-2018 academic year, Families will be able to complete the FAFSA beginning October 1, 2016 The 2017-2018 FAFSA will be completed using 2015

Financial Smarts @UMBC

Page 23: Welcome to UMBC!...Yes! NOTE: For the 2017-2018 academic year, Families will be able to complete the FAFSA beginning October 1, 2016 The 2017-2018 FAFSA will be completed using 2015

What If I Have More Questions?

Contact Us! Every student has a financial aid counselor

Based on last name of the student

Call/email or schedule an appointment to come in

Visit our Contact Us link

Page 24: Welcome to UMBC!...Yes! NOTE: For the 2017-2018 academic year, Families will be able to complete the FAFSA beginning October 1, 2016 The 2017-2018 FAFSA will be completed using 2015

Office of Financial Aid & Scholarships financialaid.umbc.edu

Page 25: Welcome to UMBC!...Yes! NOTE: For the 2017-2018 academic year, Families will be able to complete the FAFSA beginning October 1, 2016 The 2017-2018 FAFSA will be completed using 2015

Reminders Authorization to Disclose Information

Students must have a completed form on file, at either the Office of Financial Aid and Scholarships or Student Business Services for access to student information.

myUMBC Check email and “To Do’s” regularly for important financial aid

updates and correspondence

Contact Us Each student has a financial aid counselor

Visit our website to find your financial aid counselor’s contact information