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University of Maryland scholarships and merit aid

Two prices: the posted one, and yours.

Posted price$32,408per year · 2026-2027 · cost of attendance
Yours?depends on the rules below

The short answer

University of Maryland may be worth checking, but its awards do not follow a simple grades-and-scores chart. Start with the published scholarships below.

Where does your student land?

Verified Jul 2026
4 school sources to explore

Published rules, with the school sources close at hand. Confirm the details before you count on an award.

The award collection

Published scholarships

These amounts and requirements come from the school’s own published pages. Open an award to see who qualifies and how to keep it.

Where does your student land?

  1. Banneker Key Full Oncampus 2026 2027 ResidentFull cost of attendanceNot automaticRenewable
    Published awardOther selection criteria

    Banneker Key Full Oncampus 2026 2027 Resident

    Full cost of attendance

    Published award termsNot recorded as automatic on grades and scores. Read the selection rules. Confirm the policy year with the school.

    Start with the award’s published eligibility.

    RenewableCheck the conditions
    Open award details for Banneker Key Full Oncampus 2026 2027 Resident

    Worth knowing

    Official Banneker/Key policy snapshot gives 2026-2027 on/off-campus full award table: resident tuition $11,014, fees $1,820, housing $10,290, food $7,180, book allowance $1,250, total $31,554.

  2. Banneker Key Full Oncampus 2026 2027 OosFull cost of attendanceNot automaticRenewable
    Published awardOther selection criteria

    Banneker Key Full Oncampus 2026 2027 Oos

    Full cost of attendance

    Published award termsNot recorded as automatic on grades and scores. Read the selection rules. Confirm the policy year with the school.

    Start with the award’s published eligibility.

    RenewableCheck the conditions
    Open award details for Banneker Key Full Oncampus 2026 2027 Oos

    Worth knowing

    Official Banneker/Key policy snapshot gives 2026-2027 on/off-campus full award table: non-resident tuition $42,266, fees $1,820, housing $10,290, food $7,180, book allowance $1,250, total $62,806.

  3. Presidents Scholarship$2,000+Not automaticRenewable
    Published awardOther selection criteria

    Presidents Scholarship

    $2,000+

    Published award termsNot recorded as automatic on grades and scores. Read the selection rules. Confirm the policy year with the school.

    Start with the award’s published eligibility.

    RenewableCheck the conditions
    Open award details for Presidents Scholarship

    Worth knowing

    Official admissions snapshot states President's Scholarship is a four-year scholarship ranging from $2,000 to $20,000 per year, available to in-state and out-of-state applicants, selected from admission application materials including listed factors, with notification by April 1.

  4. Deans Scholarship 1yr$1,500Not automatic
    Published awardOther selection criteria

    Deans Scholarship 1yr

    $1,500

    Published amountNot recorded as automatic on grades and scores. Read the selection rules. Confirm the policy year with the school.

    Start with the award’s published eligibility.

    Open award details for Deans Scholarship 1yr

    Worth knowing

    Official admissions snapshot states Dean's Scholarship is $1,500 for freshman year or $4,500 for freshman and sophomore years, not renewable, only in-state applicants eligible, selected from admission materials including listed factors, roughly 400 recipients each fall, notified by April 1.

  5. Deans Scholarship 2yr$4,500Not automaticRenewable
    Published awardOther selection criteria

    Deans Scholarship 2yr

    $4,500

    Published amountNot recorded as automatic on grades and scores. Read the selection rules. Confirm the policy year with the school.

    Start with the award’s published eligibility.

    RenewableCheck the conditions
    Open award details for Deans Scholarship 2yr

    Worth knowing

    Official admissions snapshot states Dean's Scholarship offers $4,500 per year for freshman and sophomore years, is not renewable, only in-state applicants are eligible, selected from admission materials including listed factors, and selected students are notified by April 1.

  6. Banneker Key Full ScholarshipFull cost of attendanceNot automaticRenewable
    Published awardOther selection criteria

    Banneker Key Full Scholarship

    Full cost of attendance

    Published award termsNot recorded as automatic on grades and scores. Read the selection rules. Confirm the policy year with the school.

    Start with the award’s published eligibility.

    RenewableCheck the conditions
    Open award details for Banneker Key Full Scholarship

    Worth knowing

    Official admissions snapshot identifies Banneker/Key as UMD most prestigious merit scholarship for incoming freshmen, covering up to tuition, mandatory fees, housing/food and book allowance with Honors College admission; it states Honors College admits/early-action applicants are considered with no extra materials, interview invitations by March 1 and final amount by April 1.

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What makes University of Maryland different

Maryland's top merit is the full Banneker/Key Scholarship, with President's and Dean's Scholarships below it - the marquee award is highly competitive and covers most of the bill for its recipients.

Merit tiers6See who qualifies
Research checkedJul 2026By our research team

Selection beyond grades and scores

Start with the selection process.

These awards are not recorded as automatic on grades and scores. Read each award's selection rules, application steps and dates. Meeting a minimum is not an award offer.

  1. Read the selection rules

    Look for the school's stated criteria and whether an additional application is needed.

  2. Check the application dates

    Confirm the current admission and scholarship deadlines directly with the school.

  3. Know what happens next year

    Check renewal, credit requirements and how other aid affects the award.

The fine print / Three questions to carry forward

Before you count on it.

Does it apply to us? Confirm the entering year, residency and every eligibility condition.

Can we keep it? Check renewal GPA, credits and how long the award lasts.

Can we combine it? Ask how outside scholarships and other school awards change the offer.

Take University of Maryland's decision sheet

A printable research summary, source links and room for your questions.

See costs and school data

Who this school may work for

High-achieving applicants to UMD College Park, students competitive for the full Banneker/Key, and Maryland residents and nonresidents weighing named-scholarship upside against cost.

Published yearly cost: Approximately $32,408 for 2026-2027. Source

Cost and graduation facts

Federal reporting on who actually enrolls at University of Maryland, what they paid after aid, and what happened next — independent of anything the school markets.

Average annual net price by family income at University of Maryland, academic year 2021-22 — in-state, Title-IV aid recipients only
Family incomeAverage net price paid
$0–$30,000$2,962
$30,001–$48,000$6,051
$48,001–$75,000$10,273
$75,001–$110,000$18,250
$110,001+$26,691
All income levels (average)$15,678

Sticker price vs. what students actually pay

Published tuition & fees (in-state), AY 2022-23
$11,809
Published tuition & fees (out-of-state), AY 2022-23
$41,186
Average net price paid (all Title-IV aid), AY 2021-22
$15,678

That works out to roughly a 46% discount below the federal AY 2021-22 average cost of attendance of $29,299 (College Scorecard — a separate, federally reported figure, not the published cost of attendance shown above).

University of Maryland is a public school; Scorecard's net price figure covers in-state, Title-IV-aid-recipient payers only — there is no comparable federal figure for out-of-state students.

Outcomes for students who enrolled here

Graduation rate (150% of normal time), 2016 cohort
89%
First-year retention rate, 2021 cohort
96%
Median debt at completion, 2020–2021 completers
$19,000 (~$201/mo on a 10-yr plan)
Median earnings, 10 years after entry (measured 2020-21)
$82,860
Share of students receiving a Pell grant, AY 2021-22
16%
Share of students receiving a federal loan, AY 2021-22
21%
See other scholarships and cost examples

If your student brings another scholarship

Outside scholarships reduce loans and/or work-study first; institutional grants are only reduced if required to prevent an over-award.

Verified policy language (2026-07-02): An overaward is when the total financial aid funds received by the student exceed their calculated financial need and/or their total cost of attendance. ... Overawards are resolved by reducing and/or canceling the financial aid offered. Undisbursed loans will be reduced before any reduction is made to previously disbursed awards. Overawards typically occur when the Office of Student Financial Aid, at the time of releasing the financial aid offer, is not aware of additional financial assistance a student is receiving. Students are responsible for notifying our office as soon as they are aware of additional aid they will receive. Separately, the school's own award-stacking rules: UMD's five institutional merit scholarships (Banneker/Key, Frederick Douglass, Maryland Transfer, President's, and Dean's) cannot be combined with each other. Students may receive only one. Official Banneker/Key policy snapshot states students may receive only one of Banneker/Key, Frederick Douglass, Maryland Transfer, President's, or Dean's; these cannot be combined with one another but can be combined with other grants and scholarships, subject to the stated cost-of-attendance cap. (per https://financialaid.umd.edu/resources-policies/bannekerkey-scholarship-policy)

Source

University of Maryland merit aid FAQ

  • What is the deadline for Merit Scholarship Application Deadline?

    Students must submit their undergraduate admission application and all required materials by the November 1 early action deadline to be automatically reviewed for merit scholarships. No additional application is required. Spring admit students are not considered for merit scholarships.

  • What is the deadline for Merit Scholarship Notification Deadline?

    Selected students for the President's Scholarship and Dean's Scholarship are notified of their awards by April 1. Banneker/Key Semifinalists receive their interview invitation by March 1 and are notified of their final scholarship amount by April 1.

See sources and other schools

How University of Maryland compares

  • 145 of 749 verified schools in our dataset use loan-first displacement.

    University of Maryland is in a recognizable cluster (145 schools share this category). That framing matters when comparing peer schools that may publish the policy differently or not at all.

  • 665 of 749 verified schools publish at least one four-year renewable merit award.

    University of Maryland is one of them. The cohort minority (84 schools) only awards one-year scholarships, which means the four-year value families assume on a brochure quote isn't guaranteed at every school.

Sources used on this page

Every claim is checked against University of Maryland’s own published materials. Below is the full reference set.

Compare with similar schools

  • Towson merit aid. Maryland public university — compare automatic merit, amounts, and stacking.
  • Maryland merit aid. Maryland public university — compare automatic merit, amounts, and stacking.
  • Frostburg State merit aid. Maryland public university — compare automatic merit, amounts, and stacking.
  • Salisbury merit aid. Maryland public university — compare automatic merit, amounts, and stacking.

Keep exploring University of Maryland merit aid

The next chapter

Where does University of Maryland fit in your plan?

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