University of Baltimore Financial Aid
You should speak to a financial aid counselor before dropping any classes, because this could affect your current and future financial aid eligibility.
Aid Adjustments - Financial Aid awards are estimates based upon projected enrollment, grade level, FAFSA information etc.
Adjustments to your financial aid award may be required if you:
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Withdraw or drop from all of your classes
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Charge your credits of enrollment
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Change your program of study
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Receive additional funds from outside sources
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Change resideny status
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Enroll in courses not required for your academic program
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Were awarded aid by another school during the same aid year
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Required changes to your FAFSA that change your Expected Family Contribution.
If these changes result in a decrease in aid and a refund has already been posted, you will be responsible for the account balance.
Consequences of withdrawing from classes
The Return of Title IV process is required for any student who has withdrawn or ceased to attend all classes for which they have received any federal financial aid. Because the funds may be required to be returned to the funding federal program, a bill may be created with the University of Baltimore. Please review the Return of Title IV policy, as well as meet with a Financial Aid Counselor before you withdraw.
Withdrawing from classes can also negatively impact your future financial aid eligiblity. In addition to meeting the cumulative GPA requirements, all students must also successfully complete 66% of all classes they enroll for during their academic career to continue to receive federal, state or institutional financial aid. Failure to do so will result first in a semester of warning, followed by suspension of all financial aid eligiblity. Please review our Satisfactory Academic Policy.
In order to defer payment on student loans, a student must be enrolled at least half time. Once a student falls below this level, the grace period, if any, begins or repayment begins. Please check with your lender and/or the financial aid office regarding conditions of deferrment.
Refunds
Depending on when a student withdraws, a tuition refund may be available. Any such refund must be used to repay the student's awards, in the following order: Unsubsidized Federal Stafford Loan, Subsidized Federal Stafford Loan, Federal Perkins Loan, Federal Plus Loan, Federal Pell Grant, Federal SEOG, other Title IV aid. The student is responsible for paying any outstanding charges not covered by financial aid or other resources.