Financial Service Center

What do I need to know?  It is still possible to receive Federal Financial Assistance.  Students should be aware of the financial aid package.  Packages along with other important info can be viewed on-line.

Student Budget  IN – STATEOn-campus W/Relatives/Parents Tuition & Fee’s$ 9, $ 9, Room $ 6, $ 1, Board$ 4, $ 2, Personal Expenses$ 3, $ 3, Books & Supplies$ 1, $ 1, TOTAL$23, $17,  OUT- OF – STATE On-campusW/Relatives/Parents Tuition & Fee’s$ 28, $ 28, Room $ 6, $ 1, Board$ 4, $ 2, Personal Expenses$ 3, $ 3, Books & Supplies$ 1, $ 1, TOTAL $42, $36,531.00

Sources of Paying for College  Direct Stafford Subsidized Loan: - Need-based - Interest does not accrue - 6.8% Fixed Interest Rate - Repayment begins 6 (six) month after graduation or cease of enrollment  Direct Stafford Unsubsidized Loan: - Non-need based - Interest accrues on quarterly basis - 6.8% Fixed Interest Rate - Repayment begins 6 (six) month after graduation or cease of enrollment

Alternative Sources of Paying for College  Direct Parent Plus Loan: - Parents are solely responsible. - Not guaranteed, based on the Borrower’s credit history % fixed Interest rate and repayment period begins 60 days after final disbursement. - Process is initiated through the University  Alternative Loan: - Student is responsible unless there is a cosigner - Interest rate and repayment terms are specified by the lender. - Process is initiated with the lender directly.  Terp Payment Plan: - 10 month plan (enrollment fee $50.00) - 8 month plan (enrollment fee $80.00) - 4 or 5 month plans (enrollment fee $45.00)

Things to know  Books: -Be prepared to pay out of pocket. No vouchers  Stafford Loans: -Entrance Interview -Promissory Note  Refunds: -If all charges are paid, a refund can be issued.

Your University of Maryland Billing Statement is available  Your current University of Maryland Bill is now available for online viewing. You can conveniently view your monthly billing statement at:  Allow others to log in, view and pay your bill by creating a separate PIN for them via You mayhttp:// also add up to three additional s to receive bill information from "View Monthly Billing Statement" link. Thank You University of Maryland Financial Service Center

For Your Information  Current information may be viewed on Testudo at Click on “Parent Access”  Student Bills: Will be issued after registration or other activity and are available at after July 25th.  Sign up to receive your electronic bill – no paper bills are mailed.  Fall 2013 invoices are due August 20th.  Payments can be made online at:

Financial Service Center  Bursar’s Office  Financial Aid Office Lee Building 8:30 am – 4:30 pm M - F Local number: (301) Toll Free Number: