WASHINGTON, December 20, 2013 — Students who attend community college in the state of Maryland are now eligible for a program that will allow them to get a bachelor’s degree for $12,000. The initiative was announced by the University of Maryland University College (UMUC).
The program is called the “UMUC Completion Scholarship” and is directed at students who have completed an associate’s degree at a Maryland community college. According to UMUC’s calculations, the cost of an associate’s degree is approximately $8,000. Consequently, the cost of the bachelor’s degree at UMUC in this program is $12,000. In total, to get both degrees, students will pay only about $20,000.
According to the school, the program works as follows:
“Graduates from any Maryland community college may transfer up to 70 credits from their associate’s degree to UMUC. The UMUC Completion Scholarship can be applied to up to 60 credits of undergraduate study at UMUC, reducing the cost per credit to just $199.
Part-time students must enroll for a minimum of 6 credits in each fall and spring term and earn a total of 15 credits per academic year. Part-time recipients will be awarded $555 each fall and spring term, up to a total of $4,440 for a total of 60 credits or 4 years.
Full-time students must enroll for a minimum of 12 credits in each fall and spring term and earn a total of 30 credits per academic year. Full-time recipients will be awarded $1,110 each fall and spring term, up to a total of $4,440 for a total of 60 credits or 2 years.
Summer students (part- or full-time) who wish to take additional courses during the summer term to complete their program faster or even out their course load, must still enroll for the minimum number of credits in each fall and spring term and complete their program within the specified number of years.
All scholarship recipients must meet with an advisor and establish a degree plan to follow throughout their enrollment at UMUC.”
“Community college graduates are a solid investment because they have already invested in themselves,” said Javier Miyares, president of UMUC said in a public press release. “The new UMUC Completion Scholarship provides a well-deserved incentive to keep going and earn a four-year degree that will pay even greater dividends in the future—whether that is a new job, a promotion, or a stepping stone to a whole new career.”
“Once again, the State of Maryland is leading the way in offering high quality, accessible, affordable higher education that meets employer demands for the skilled workforce of tomorrow,” said Maryland Governor Martin O’Malley, in the same press statement. “This bold initiative builds on the strong relationships between our state’s highly regarded community colleges and UMUC, our trailblazing institution that is harnessing the power of technology to serve the needs of adult learners across the state and around the world.”
UMUC states that all of the bachelor’s programs at the school are eligible for the Completion Scholarship.
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