<p>So UMD is a big possibility for me, but I'm worried about how much aid I'll get. Living out-of-state, the cost adds up to about $40,000 a year, and I didn't get the Banneker/Key Scholarship. Also, I look online and the average award is something like $11,000... with which I definitely could not go to this school.
I don't know how the numbers work for out-of-state vs in-state though, so maybe that award is deflated due to the in-state kids needing less money? I don't know. Regardless, if any out-of-state kids could tell me how well UMD met their aid, it'd be greatly appreciated!</p>
<p>Sorry to be the bearer of bad news, but UMD is notoriously bad for financial aid, especially for out of state students (who don’t qualify for some of the MD-only merit and financial aid). Even if your EFC is 0 from FAFSA, the financial aid from UMD will be considerably short of the cost of attending, even if you consider loans, etc. </p>
<p>For Merit aid, the Presidential Scholarship is the highest you can get (after B/K), and I believe the max is now $12K (which is not guaranteed by any means). (Merit aid = scholarship based on your grades, financial aid = need-based aid from FAFSA).</p>