Financial Aid Offer Information
This is important information regarding your financial aid offer for the 2020–2021 academic year. Please read the following information carefully before accepting your financial aid award offer. Accepting the financial aid award offered signifies that you have read and agreed to comply with all the terms and conditions listed below.
Financial Aid Award Offer Delivery
Financial aid awards are sent:
- After a student has been admitted to the University of Baltimore
- After we receive your valid FAFSA and completed financial aid files
You will also receive email notifications about your financial aid status from the Office of Financial Aid:
Continuing students or new students who have registered for class:
- check your Ubalt.edu email account
New students who have not registered for class:
- check the email account used on your admissions application
Understanding Your Financial Aid Award
- Your financial aid package was developed according to federal, state regulations, and institutional guidelines. It is important that you educate yourself on each source of funding and your responsibilities, such as repayment for loans, meeting Satisfactory Academic Progress (SAP) for all aid programs, and renewal requirements. Requirements vary for each respective financial aid program. Your financial aid responsibilities may be reviewed on our Policies and Procedures web page.
- Financial aid award offers for undergraduate, law, and APD students are based on full-time enrollment in degree-applicable courses when issued prior to the start of classes. This means that if you are not enrolled full-time in degree-applicable coursework by the end of the add/drop period, you may not be eligible for the financial aid awarded, or you may only be eligible for a portion of the award. Please refer to the specific enrollment requirements for each source of financial aid.
- Financial aid award offers for graduate students are based on half-time enrollment in degree-applicable courses when issued prior to the start of classes. This means that if you are not enrolled half-time in degree-applicable coursework by the end of the add/drop period, you may not be eligible for the financial aid awarded, or you may only be eligible for a portion of the award. Please refer to the specific enrollment requirements for each source of financial aid.
- One of the components in preparing your financial aid package is determining your Cost of Attendance (COA). The COA includes tuition and fees, room and board, books and supplies, transportation, and other personal expenses.
- If your Financial Aid Award Offer includes Federal Direct Loans, note that the gross amounts are listed and that applicable federal loan origination fees will be deducted prior to your disbursement.
Federal Loan Fees for Direct Subsidized Loans and Direct Unsubsidized Loans:
On or after Oct. 1, 2019, and before Oct. 1, 2020 is 1.059%
Federal Loan Fees for Direct PLUS Loans:
On or after Oct. 1, 2019, and before Oct. 1, 2020 is 4.236%
- Federal Loan Fees for Direct Subsidized Loans and Direct Unsubsidized Loans:
- If your financial aid offer includes eligibility for an estimated Graduate PLUS Loan, please be aware that the offer is your maximum eligibility for the federal Graduate PLUS Loan. If you are interested in this federal student loan, follow the instructions listed under the Financial Aid Program Terms and Conditions section.
You are not required to accept this loan and may decline it by following instructions listed in the section titled Instructions to Make a Decision on your Financial Aid Offer.
- If your financial aid offer includes an estimated Maryland State Grant, please know that this award is not final and is contingent upon confirmation from Maryland Office of Student Financial Assistance (OSFA) which can be accessed from the Maryland Higher Education Commission (MHEC) website.
- To be considered for federal, state, and most UB financial aid, you are required to file the FAFSA each year. Financial assistance is reevaluated independently each year and appropriate increases or decreases in the amount of assistance offered are made. This reevaluation includes a review of your Satisfactory Academic Progress, your financial need, remaining eligibility, and available funds. Financial Aid awards are not automatically renewed each year. There is never a guarantee of similar funding levels from one year to the next. You must complete the FAFSA before March 1st deadline to be considered for most State of Maryland awards and for priority consideration for University of Baltimore awards.
Maintaining Your Eligibility
Here is a list of requirements to remain eligible for your financial aid award offer:
- You must submit all additional information and/or documents requested by the Office of Financial Aid by the requested deadline(s). You will be notified of outstanding requirements via your UB email and can also view them on your "To Do List" in the "Student Center" section of your MyUB Portal.
- You must be enrolled in the required number of degree-applicable credits to receive a disbursement. Note: For federal loan programs enrollment of at least half-time (6 credits) is required.
- You must meet Satisfactory Academic Progress (SAP) standards towards their academic objective in order to continue to receive financial aid. SAP requirements include qualitative measure (grade point average), quantitative measure (pace), and maximum time frame (total allowable credits). Students who do not meet these requirements are subject to financial aid cancellation per the Satisfactory Academic Progress Policy.
- You must notify the Office of Financial Aid of any additional educational resources, such as scholarships, assistantships, military housing allowances, tuition assistance, etc. If your total aid exceeds your assigned Cost of Attendance (COA), we are required to reduce university offered aid when notified of additional resources awarded to a student to keep them from being awarded above their COA. Whenever possible, we will adjust loans or federal work-study before adjusting grants or scholarships.
- You must accept, reduce, or decline any financial aid awards on your MyUB Portal. Go to the next section on this web page titled "Instructions to Make a Decision on Your Financial Aid Offer" for details.
Instructions to Make a Decision on Your Financial Aid Offer
Please follow the step-by-step instructions below to access your award offer and to accept, reduce, or decline all or a portion of the financial aid offered to you:
View Your Financial Award:
- Log in to your MyUB Portal
- Click on My Student Center
- In the “Finances” section, select “View Financial Aid”
- Select Aid Year "2021"
- Accept or decline financial aid awards that you have been offered
- Accepted loans may be reduced by entering the amount you want to receive
- Click the submit button
Students who enroll in credit hours that are less than what is anticipated to be eligible for financial aid (based on their program of study) must notify the Office of Financial Aid by email at email@example.com.
Financial Aid Program Terms and Conditions
You must abide by the terms and conditions of each financial aid program that has been awarded and which you have accepted.
Federal Pell Grant
Pell Grant recipients are eligible for a maximum award duration of 12 full-time semesters (or the part-time equivalent). To track your lifetime eligibility, log in at studentaid.gov. If you have been awarded a Pell Grant, the initial award amount is based on full-time enrollment in degree-applicable coursework and prorated for less than full-time enrollment. However, if you have reached your aggregate limit or are close to the limit, you may not be eligible for a Pell Grant award.
Federal Supplemental Education Opportunity Grant (FSEOG)
Funding for the Federal Supplemental Educational Opportunity Grant is limited and only awarded to undergraduate students who are eligible for a Pell Grant. It is based on the date of their FAFSA submission and offered to those who demonstrate an exceptional need for financial assistance.
The University of Baltimore awards generous merit scholarships to students through the admission process. In order to maintain merit-based scholarships, students must meet all scholarship requirements, including required grade point average (GPA) and course-load. Failure to adhere to scholarship requirements may result in cancellation of a scholarship award.
Thanks to generous donations from alumni, donors, and friends, the UB Foundation offers a significant number of institutional scholarships each year. In order to receive UB Foundation scholarship, students must meet all scholarship requirements, including required grade point average (GPA) and course-load. Failure to adhere to scholarship requirements may result in cancellation of a scholarship award. Acknowledgement letters are required.
Student Employment: Federal Work-Study
If you have been awarded Federal Work-Study (FWS) funds, the amount of your award reflects the maximum amount you may be eligible to earn. Your FWS award is not counted toward tuition and does not guarantee you a job. You must apply for a position, get hired, and work to receive these funds. The money you earn will be paid directly to you through payroll. For more information visit our Work Study web page.
Loans are a major source of funding for many students. However, it is important to keep in mind that every dollar you borrow must be repaid with interest. You must repay your loan, even if you do not complete the education paid for with the loan or are unable to obtain employment in your field of study.
Before accepting a loan award offered to you, be sure to calculate how much you will need to pay for your educational expenses.
Federal Direct Subsidized and Unsubsidized Loans
For a Federal Direct Subsidized Loan, the federal government will pay the interest while you are enrolled at least half-time in degree-applicable coursework, for the first six months after you leave school (referred to as a "grace period"), and while the loan is in deferment (a postponement of loan payments). For a Federal Direct Unsubsidized Loan, you are responsible for paying the interest from the date of disbursement.
Federal Direct PLUS Loans
PLUS Loans are federal loans that creditworthy graduate students and parents of dependent undergraduate students may use to supplement their financial aid package. To apply for a PLUS Loan, graduate students or parents of undergraduate students may complete the PLUS Loan Request Process at studentaid.gov.
Estimated Graduate PLUS Loans
If your financial aid offer includes eligibility for an estimated Graduate PLUS Loan, please be aware that the offer is to your maximum eligibility for the federal Graduate PLUS Loan. If you are interested in this federal student loan, you must apply for it at studentaid.gov. The PLUS loan application for 2020-2021 will be available to apply for by May 1, 2020. If you are not interested in the loan, please decline it by following steps in the section titled Instructions to Make a Decision on Your Financial Aid Offer.
If you have been awarded a Federal Direct Loan, such as a Subsidized, Unsubsidized, or a PLUS loan, you must meet the following additional requirements for your loan funds to be credited to your student account:
- Be enrolled at least half time in degree-applicable coursework. Half-time enrollment is defined as 6 credits per semester/term for all students.
- First-time federal loan borrowers must complete Entrance Counseling, the Direct Loan Master Promissory Note (MPN).
If you are applying for a Direct PLUS as a graduate/professional student or a parent borrower, you will be required to complete and sign a PLUS MPN that is separate from the one used for Direct Subsidized and Unsubsidized Loans. Parents must sign an MPN for each child for whom they are borrowing.
Aggregate Loan Limits:
Aggregate loan limits include annual limits and lifetime aggregate limits. Refer to the Annual Direct Loan Limits Chart to view these limits.
Private loans may be an option for students who need to borrow additional funds up to the cost of attendance. Loan approval is based on your credit rating. You may receive more information or apply for a Private Loan by contacting the lender of your choice. The Office of Financial Aid recommends exploring federal aid options before applying for a private loan. As a general rule, federal student loans offer students more favorable conditions than private loans.
- Federal Pell Grant
Withdrawing from the University
Refund and Repayment Policy
Financial aid recipients who withdraw from UB for any reason must contact the Office of Financial Aid to review potential financial aid adjustments and the impact on future financial aid eligibility. You may be required to repay a prorated amount of the funds disbursed to you for any semester from which you withdrew. You will be notified by the Bursar's Office of any balances owed to UB.
Returning Financial Aid (Return of Title IV Funds)
Any student who completely withdraws from all courses eligible for Title IV funds within an academic semester, for which financial aid is received or could have been received, may be required to return some or all of the financial aid awarded. Federal Return of Title IV Funds regulations are based on the premise that students "earn" financial aid for each calendar day that they attend classes. Students who complete more than 60 percent of the semester are considered to have earned 100 percent of their financial aid. For more information, read the Return of Title IV Funds Policy.
Special Circumstances / Professional Judgment
If you or your family encounter unusual circumstances that were not originally reported on the FAFSA (such as loss of employment, the absence or death of an immediate family member who contributed to your education, etc.), contact the Office of Financial Aid after your FAFSA has been processed and you have received your financial aid offer to discuss additional options.
Before repeating a course, make sure you understand all potential academic and financial aid implications. Repeated courses affect Satisfactory Academic Progress (SAP) calculations as they are counted as attempted credits. In addition, students may receive federal financial aid for a repeated course only once, if the course was previously passed (credit has been earned). For more information contact the Office of Financial Aid.
- Refund and Repayment Policy
Disbursements and Refunds
Financial aid funds cannot be credited to student accounts until student enrollment has been confirmed. Financial Aid disbursements usually occur two weeks after the add/drop period. Please visit the online Financial Aid Calendar.
If your financial aid and other payments exceed your tuition and other charges on your student account, the remaining funds are available to you in a refund check. This check will be mailed to you at your local address as listed on your MyUB portal. Your local address can be updated in MyUB and must be current and accurate to ensure timely delivery of your financial aid refund check. University of Baltimore financial aid refund checks are processed and approved through the State Comptroller’s Office in Annapolis. This is a standard University System of Maryland policy. See the Office of the Bursar’s website for details: www.ubalt.edu/bursar. Direct Parent PLUS loan funds will be refunded based on the information included on the Parent PLUS Loan Application.
These Terms and Conditions are subject to change. They have been reviewed prior to the beginning of the 2020–2021 academic year; however, changes in federal, state, and institutional regulations and policies may occur. Updates to the Terms and Conditions will be promptly updated. If there are any major changes, students will be notified via UB email.
If you need assistance, contact the Office of Financial Aid.
Office of Financial Aid
University of Baltimore
1420 N. Charles Street
Academic Center, Room 126
Baltimore, Maryland 21201
Mondays & Tuesdays: 10:00 a.m. – 6:00 p.m.
Wednesdays & Thursdays: 10:00 a.m. – 5:00 p.m.
Fridays: 10:00 a.m. – 2:00 p.m.