1. Financing Your Education School of Dentistry Presented by: Student Financial Assistance

2. Cost of Attendance Resident Non Resident $ 81,037$ 113,994

3. Indirect Cost ResidentNon Resident Room and Board$ 21,500 Transportation$ 2,000 Health Insurance$ 3,600 Books$ 3,468 Commuting Expense$ 0$ 1,200 Total$ 30,568$ 31,768 Based on living off campus, room and board for Pascault Row and with parents are lower. See SURFS for your individual cost.

4. Room and Board Item Cost Rent$ 1,200 Utilities$ 250 Parking$ 150 Food$ 300 Misc.$ 250 Total$ 2,150

5. Health Professions Student Loan University of Maryland, Baltimore participates in the Bureau of Health Professions, Health Professions Loan program. To be considered for this loan program, applicants who are U. S. Citizens or Permanent Residents and whose parents are U. S. Citizens or Permanent Residents are strongly encouraged to provide parental income and asset information on the initial submission of the Free Application for Federal Student Aid (FAFSA) For more information on the program, visit our website: http://www.umaryland.edu/fin/awards/hpl.html

6. Types of Aid Available Federal Direct Unsubsidized Stafford Loan Annual Maximum Amount $ 40,500 Current Rate – variable and set each July 1 st Aggregate Maximum Amount $ 223,793

7. Types of Aid Available Federal Direct Grad PLUS Annual Maximum - the Institutions calculated Cost of Attendance minus any other financial aid received Credit Based Interest Rate variable and set each July 1st

8. Federal Work Study Need Based Award Awards are based on the Cost of Attendance minus the Federal Direct Unsubsidized Stafford loan eligibility Must complete the FAFSA prior to March 1 st Funds may be limited and are not guaranteed annually Students who are awarded can begin work after all required documents have been received but not before mid August

9. Average Loan Debt 2016 Graduating Class UMB Loans: $ 228,863 Average UMB debt – does not include any prior student loan debt

10. Sample Loan Repayment Fixed Monthly Payments Loan DebtStandard Repayment Extended Repayment $ 228,863$ 2,541$ 1,475 Total Payments under the Standard 10 year repayment - $ 304,902 Total Payments under the Extended 25 year repayment - $ 442,370

11. Average Salary for Graduates Entry Level $ 74,714$123,942

12. Amount Available After Loan Payment Gross Pay$ 5,747.00 Federal Tax$ 990.34 Social Security$ 356.32 Medicare$ 83.34 State Income Tax$ 425.10 Net Pay$ 3,891.90 Loan Payment$ 2,541.00 Available Income After Loan Payment $ 1,350.90

13. Amount Available After Loan Payment Gross Pay $ 9,534 Federal Tax$ 1,998.20 Social Security$ 591.10 Medicare$ 138.24 State Income Tax$ 729.76 Net Pay$ 6,102.64 Loan Payment$ 2,541.00 Available Income After Loan Payment $ 3,561.64

14. Before Accepting a Loan 1.Do I need to borrow? 2.How much do I need to borrow? 3.Do I have other resources available? 4.Have I created a budget? 5.What are my expenses? 6.How many times will I go out?

15. Budget Tool YOUR MONTHLY BUDGET BudgetActualDifference INCOME SOURCES Financial Aid Distribution1 Work Study2 Other Income:3 4 TOTAL INCOME-TOTAL lines 1 thru 45 FIXED EXPENSES Rent/Mortgage6 Renter's or Home Owner's Insurance7 Student Loan Payment8 Savings Contributions9 Car Payment10 Car Insurance11 Car Fuel12 Parking13 Cell Phone14 Home Security15 Cable, Internet, Home Phone16 Electricity &/or Gas17 Water18 Groceries19 Wal-Mart/Target(personal items)20 Credit Card Payment(s)21 Prescriptions22 Child Care23 Other:24 Other:25 TOTAL FIXED EXPENSES-Total Lines 6 thru 2526 DISCRETIONARY EXPENSES Car Maintenance27 Tithing/Charitable Contributions28 Magazine Subscriptions &/or newspapers29 Organizational dues or fees30 Personal Care: Hair31 Nails & Waxing32 Gym Membership33 Clothing34 Dry Cleaning35 Entertainment: Travel (airfare, bus, train, car rental)36 Dining Out37 CDs / I-Tunes38 Movie Rental39 Sporting Events, Theatre, Concerts40 Other:41 Pet Care: Insurance Premiums & Co-Pay42 Food, Grooming and Toys43 Medical (Vet)44 Other Expenses: Other:45 Other:46 TOTAL DISCRETIONARY EXPENSES-Total Lines 27 thru 4647 TOTAL EXPENSES-ADD Lines 26 and 4748 MONTHLY SURPLUS (+) OR DEFICIT (-) [Subract Line 48 from Line 5]