Incoming first-year undergraduate students
Early spring
- If you are admitted to the University and have a completed FAFSA on file, you will receive a paper estimated financial aid offer by mail.
Late July
- You will receive an email with instructions on how to respond to your financial aid offer for the upcoming academic year. The email will be sent to your University email account.
- You will need to respond to your offer and complete required loan documentation before you receive any loans that are included with your financial aid offer.
Approximately one week before class starts (fall and spring semesters)
- Your financial aid will be disbursed to your University student account.
- If you have excess funds after your tuition, fees, housing, and other authorized charges are paid, that money will be sent to the bank account you designated for direct deposit. This can take up to ten business days after a credit appears on your UMD Student Account.
- If you have additional tuition, fees, housing or other charges that are not covered by your financial aid, you will receive a bill for those charges.
Please note
Financial Aid continues to be offered and disbursed throughout the term as students accept and respond to their offers.
Current students
Late July
- You will receive an email with instructions on how to respond to your financial aid offer for the upcoming academic year.
- You will need to respond to your award offer and complete required loan documentation before you receive any loans that are included with your financial aid offer.
Approximately one week before class starts (fall and spring semesters)
- Your financial aid will be disbursed to your University student account.
- You may indicate your mailing address in MyU: My Info.
- If you have additional tuition, fees, housing or other charges that are not covered by your financial aid, you will receive a bill for those charges.
Please note
Financial Aid continues to be offered and disbursed throughout the term as students accept and respond to their award offers.
The Department of Education (DOE) is making significant changes to the Free Application for Federal Student Aid (FAFSA) for 2024-25. This will change how financial aid is calculated, and when the FAFSA is available to students. The DOE has not confirmed an exact release date, but the FAFSA will be available in December 2023. For up to date information, see the Federal Student Aid website.