2003-2005 - Special Collections - University of Baltimore

AWARD PROCESS
The financial aid administrator first reviews
the need-analysis information supplied by
the student on the financial aid application
(FAFSA) which measures how much the
student and/or the family is expected to
contribute toward the cost of the student's
education.
SAMPLE STUDENT BUDGET
Expenses Self-supporting
Tuition* $ 6,367
Books 746
Room and Board 11,354
Total $ 18,467
*Tuition is caLculated on the basis ofnine
credits, which equals foLL-time enroLLmentfor
graduate study.
Students cannot be awarded more than
their determined financial budget. Financial
need is the difference between the student's
cost of education (budget) minus
the expected family contribution.
The financial aid administrator will
then award funds to the student based on
the bottom line financial need figure.
Awards are "packaged" in a combination of
loans, grants, scholarships, and work.
Because funds are limited, students are
encouraged to apply by April 1 for priority
consideration.
In limited cases, students may request a
budget adjustment. Generally, budgets are
adjusted for dependent care expenses or
purchase of a computer. Documentation of
these expenses must be submitted to the
financial aid office with a letter requesting a
budget adjustment. Budgets are not adjusted
to accommodate relocation expenses.
Refer to the Appeals section of the website.
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SATISFACTORY ACADEMIC PROGRESS
Federal regulations require that all students
receiving federal financial assistance from
the Title IV financial aid programs (Federal
College Work Study, Federal Perkins Loan,
and Federal Family Educational Loans)
must be making satisfactory progress
toward a degree or certificate in order to
continue receiving financial aid. Students
who must enroll in undergraduate or noncredit
courses must submit proof that the
class is required for the degree program in
order for that course to be counted toward
financial aid eligibility. In addition, enrollment
in only undergraduate courses generally
will not be considered graduate study.
Students who are required to enroll in
undergraduate course work as a prerequisite
to graduate admission may only receive
Stafford Loans at the undergraduate award
level ($6,625).
The satisfactory academic progress standards
for the University differ from the satisfactory
academic progress policy used to
receive financial assistance. Students must
maintain a minimum GPA each semester
in order ro retain financial aid eligibility.
In addition, financial aid recipients are
required to complete their program of
study within a maximum time frame to
remain eligible for financial assistance.
Students registering for less than six credit
hours are ineligible for financial assistance.
Enrolling for classes and withdrawing after
the drop/add period will affect your completion
rate adversely.
The Financial Aid Office evaluates
financial aid recipients for satisfactory
progress at the end of each semester and at
the end of each academic year.
Students suspended from the University
are ineligible for financial assistance.
Students academically dismissed from their
program who enroll in a new degree program
will be ineligible for financial aid the
first semester of their new program.
Students must meet minimum GPA
requirements by the end of the semester for
financial aid reconsideration.