| empty table header | Dependent Undergraduate Students | Independent Undergraduate Students | Graduate, Law, and APD Students |
|---|---|---|---|
| 0-29 | $5,500 - No more than $3,500 of this amount may be subsidized | $9,500 - No more than $3,500 of this amount may be subsidized | $20,500 - No subsidized amount is available |
| 30-59 | $6,500 - No more than $4,500 of this amount may be subsidized | $10,500 - No more than $4,500 of this amount may be subsidized | $20,500 - No subsidized amount is available |
| 60+ | $7,500 - No more than $5,500 of this amount may be subsidized | $12,500 - No more than $5,500 of this amount may be subsidized | $20,500 - No subsidized amount is available |
| Maximum total debt from Direct Loans | $31,000 - No more than $23,000 of this amount may be subsidized | $57,500 - No more than $23,000 of this amount may be subsidized | $138,500 - No more than $65,000 of this amount may be subsidized |
Definition of a Professional Degree (Under OBBBA)
Under the new bill, a professional degree:
If you are enrolled less than full-time during the academic year, your federal loan eligibility will be adjusted. This means your loan amount is reduced in direct proportion to your percentage of full-time enrollment.
This decision is up to you. We recommend borrowing only what you need to cover your educational expenses, keeping in mind that everyone’s situation is different.
One helpful approach is to subtract any grants and/or scholarships you receive from your total cost. Be sure to factor in loan origination fees when calculating how much you’ll actually receive.
You can also choose to accept a smaller loan amount now and request the remaining portion later in the semester, as long as you continue to meet loan eligibility requirements.
Yes. If you are a first-time borrower of federal student loans, you must complete both a Master Promissory Note (MPN) and Entrance Counseling before your loan can be applied to your account balance.
Both requirements can be completed online through the Federal Student Aid website. The MPN is valid for 10 years, while Entrance Counseling is only required during the first semester you borrow federal loans at UBalt.
If you are transferring to UBalt and previously received a Direct Loan at another institution, your MPN will transfer automatically. However, you must log in to the Federal Student Aid website to request that your Entrance Counseling be transferred to UBalt.
No. We recommend borrowing only the amount you need. When accepting your financial aid, you can adjust the loan amount after clicking the Accept button to reflect what you want to borrow. Keep in mind that the total amount you borrow will be split evenly between the fall and spring semesters.
While interest rates are fixed for the life of the loan, the interest rates can change each year you accept a new loan. For the current rates, please visit the Federal Student Aid website for Direct Loans.
Please see the Federal Student Aid website for a list of federal loan fees.
After you graduate, leave school, or drop below half-time enrollment, you will have a six-month grace period before you are required to begin repayment. During this period, you'll receive repayment information from your loan servicer, and you'll be notified of your first payment due date. Payments are usually due monthly.