Master of Professional Studies in Product Management >  Admissions  >  Tuition & Financial Aid

Tuition + Fees

The cost for tuition and fees is approximately $24,000. For the academic year 2021-2022 the tuition per credit is $768. Tuition is subject to change each academic year, as approved by the Board of Governors, and any tuition change is applicable to all enrolled students. The UMD Technology Fee for the academic year 2021-2022 is $76.50 per term. The estimated cost of books is $150 per course.

When to Pay

All students who register for courses incur a financial obligation (tuition and fees) to the University. UMD’s Student Financial Services generates electronic bills and sends monthly e-bills to the email address on record. Students are encouraged to regularly verify the accuracy of their e-billing address. A paper bill is not sent.

Students are responsible for viewing their billing statements, accessing the current account balance, and determining the payment due date at View Your Monthly Bill. If there are questions, contact Student Financial Services.

View the term-based calendar for the general billing schedule.

Payment Policy

Professional Graduate Programs payment due dates are determined by the date of a student's initial registration and do not follow UMD’s Student Financial Services standard plan. Payment by the posted deadlines is required. Students are not billed. Students are responsible for checking their student account to ensure that full payment has posted. If there is a prior balance and you do not submit payment for this balance, UMD’s Student Financial Services may use your payment to cover this prior balance.

Should full payment not post, students may be canceled or withdrawn and blocked from future registration. Students may lose their seat if the course is full. Notification of this requirement is sent to the email of record following any add/drop activity. Check your spam folder. No additional reminder is provided. Update your email of record.

While the University reserves the right to cancel or withdraw and limit enrollment for financially delinquent students, your registration may not be automatically canceled or withdrawn for non-payment of tuition and fees. Failure to attend class does not result in automatic cancellation. In addition, non-payment cannot be used as a means for dropping a course or canceling registration. Students are ultimately responsible for officially dropping a course, canceling registration, or withdrawing by the posted deadlines to avoid academic and/or financial consequences.

Payment Process (How to Pay)

Step #1: Determine Your Account Balance

Step #2: Select Your Payment Method

Step #3: Submit Payment

Financial Aid & Alternative Payment

Alternative Payment includes Financial Aid, Terp Payment Plan, Third Party Billing, Veterans Benefits, Tuition Remission. If an alternative payment method is used to cover tuition and fees, it is your responsibility to ensure that such payment posts to your student account by the due date.

Financial Aid: State and/or Federal

  • Many graduate students are eligible for a range of financial resources to fund their studies including loans (federal and private), scholarships, grants, or institutional aid. For all questions relating to UMD Sources of Funding, contact the Office of Student Financial Aid, at umfinaid@umd.edu.

Financial Aid: UMD Sources of Funding

Financial Aid: International Students

  • International students are restricted in receiving certain types of financial aid. See Available Options.

Terp Payment Plan

  • A convenient alternative to lump sum tuition payments. By enrolling in the plan, you can make monthly payments with no interest! The Terp Payment Plan may NOT be used for Winter Session, Summer Session, or graduate programs that use the term-based calendar.

Third Party/Sponsored Billing

  • Third Party/Sponsored Billing is when a private or government agency is paying any portion of your tuition or fees and are requesting a bill from the University.

Tuition Remission

  • For professional graduate programs, tuition remission is calculated at the in-state graduate rate. If the program charges a higher tuition, the student is responsible for the difference. Tuition remission does not cover mandatory student services or other fees. Fee payment is required by the posted deadlines. UMD System employees receive authorization from their home institution. UMCP employees work with their department’s human resources staff. See UMCP UHR Tuition Remission. See UMCP UHR Tuition Remission.

Veterans

  • For assistance and information, visit UMD’s Office of Veteran’s Benefits. Veterans are only certified for the current term. Benefits do not automatically roll over from one term to another. To ensure that your student record properly reflects your status, email vabenefits@umd.edu.

Consequences for Non-Payment

All students who register for courses incur a financial obligation to the University.  Failure to make payment by the specified due date will result in a late fee or finance charge and may jeopardize the student's ability to register for the upcoming semester or term.  Payment in full must be received before the close of business on the due date to avoid a late fee.  In the event the account is not settled by the due date, Student Financial Services will assess the account with a late payment fee of $10 or 5% of the unpaid balance, whichever is higher.  Each month thereafter, a finance charge of 1.5% is assessed to the outstanding balance until the account is paid in full.

Students are responsible for viewing their billing statements, accessing the current account balance, and determining the payment due date at View Your Monthly Bill.  If there are questions, contact the Student Financial Services.

Refund Policy

The University does not automatically refund a credit balance. To request a refund, see Student Financial Services—Refunds Overview.