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2012-2013 Budget for Full-Time Undergraduate StudentsTuition and Fees $15,422 Room and Board - Double occupancy residence hall $6,732 Books and Supplies - Estimated $1,200 Mandatory Health Insurance $1,900 Total Yearly Cost $25,254 Estimated Personal Allowance $2,000 *A flat tuition rate is charged to students registered for 13 or more credits. Total $27,254 Paying Tuition and FeesFor more information on payment due dates, where and how to pay, setting up third party billing (for students receiving a scholarship or foreign government funding), click here. You can pay online with a credit card (VISA is not accepted) or a check from a U.S. bank account. There are extra charges (2.75% for paying with a credit card. You can also pay in person or by mail. You cannot pay using a foreign bank account or credit cards other than MasterCard, American Express, or Discover. The funds must be transferred to a U.S. bank account. Please allow several days to set up and receive the wire transfer. Billing and payment Frequently Asked Questions Tuition BandingEffective Fall Semester 2007, UMD has restructured the undergraduate tuition policy in favor of a tuition-banding strategy. All credits above 13 per semester will now be tuition-free. All undergraduates will pay a flat tuition rate based on a 13-credit load; credits 1–12 are assessed at a per-credit rate. The tuition band is a way to help students reduce the cost of their education, since students who take advantage of the band and graduate in 4 years rather than 5 years pay significantly less. To graduate in 4 years, a student on average must complete 15–16 credits per semester. Complete Tuition and Fee Information ScholarshipsUMD has a variable number of full-tuition scholarships for undergraduates depending on available resources. The scholarships waive tuition only. Recipients are responsible for student service fees, computer fees, books, medical insurance and living expenses. The award is based on academic achievement, not financial need. Recipients remain on scholarship during the four years of undergraduate study, provided they maintain a full course load and are in good academic standing. There is no application for the full-tuition scholarships. Once admitted, students with excellent academic records are automatically considered for the scholarship as it becomes available. There is no need to apply. Additionally, UMD students are eligible for the Rutherford International Student Scholarship. Please see Rutherford International Student Scholarship for more information and the application form. This scholarship is for students in good academic standing who demonstrate some financial need. <Additional scholarships can be found under these sites> iefa.org Financial Aid and Work StudyFinancial aid as discussed by UMD generally refers to federal or state financial aid that is only available to domestic students. This funding is not available to people on F-1, F-2, J-1, and J-2 visas. International students are not eligible for employment that specifies "Work Study Only". Work Study means the position is funded partially by federal or state financial aid money so international students are not eligible. |
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