How much merit aid, on average, do the students (OOS) invited into the Scholars program receive on average?
Here is a link to the merit scholarship page at UMD. Be advised though that being invited to scholars, honors, or any other special program doesn’t mean you will receive merit money. I doubt anyone on here will be able to give you an average dollar amount per student invited to the scholars program. Maryland isn’t known for giving out a ton of money because it is a state school. According to the website, scholarship info will be sent out in mid March and continue through early April.
Do you need to be invited to scholars or honors to get a merit scholarship like the Banner/Key?
Only those accepted to the honors college are eligible for Banneker/Key.
Being selected for honors or scholars is not necessarily representative of if a student will receive merit aid, in fact you can be in honors/scholars/ or nothing and still receive merit aid. Generally you need to be in the top 20% of the incoming class to receive consideration for merit aid (could be more competitive or less competitive depending on how much aid is available).