Financial Aid and Scholarships
Every student applying for financial aid must fill out the Free Application
for Federal Student Aid, known as
FAFSA. For specific
information about institution-based financial aid, click on the USM
Institution of your choice:
USM Regents Scholarships
The prestigious Regents Scholars Program has
been created to provide outstanding students with the financial freedom
to pursue academic studies at one of the nation's finest university systems.
Consideration is given to exceptional students, both first-year and transfer
students, applying for admission to full-time undergraduate programs at one
or more of the eleven University System of Maryland institutions. Substantial
endowments have been established by individuals and corporations in order to
cover the entire estimated costs of tuition, fees, room, board, books, and
Additional limited scholarship opportunities are available through the
Maryland Prepaid College Trust
The Maryland Prepaid College Trust was created by Governor Parris N.
Glendening and the Maryland General Assembly to provide parents,
grandparents, and others with an affordable way to prepay for a child's
future college education based in part on today's tuition and mandatory fees
costs at Maryland's public colleges.
The prepaid program offers a variety of tuition plans, payment options and
significant tax benefits including a tax deduction. For Maryland residents,
there are not state income tax earnings when the child goes to college and
the contract owner can deduct up to $2,500 per year up to the full amount of
their contribution. The purchaser can also multiply the deduction by the
number of contracts they have purchased. The program is open to all
children in the ninth grade or younger.
Benefits of the program can be used at any of Maryland's 2- or 4-year public
colleges and universities. The benefits can also be applied towards tuition
and mandatory fees at public or private colleges and universities throughout
the United States.
For more information and to receive an Application Booklet, call toll-free
at 1-888-4MD-GRAD (1-888-463-4723) or visit the program's web site at
Maryland State Scholarship Administration
Students interested in learning the status of their financial aid applications filed
with the Maryland State Scholarship Administration can now log on to the Maryland
Higher Education Commission website at www.mhec.state.md.us
to get real-time, up-to-the-minute information and
updates about their scholarships and financial assistance.