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Tuition & Fees
 
Tuition
Tuition per credit hour $ 390
Tuition per credit hour for Students Receiving the UMT Military Scholarship $ 250
Tuition per credit hour for International Students with F-1 or J-1 visa $ 780
 
 
Fees
Application Fee* $ 30
Transfer Credit Evaluation Fee $ 30
Semester Registration Fee* $ 30
Late Registration Fee* (applies on and after the first day of a semester start) $ 40
Cancellation Fee $ 50
Re-admissions Fee* $ 30
Change-of-Program Fee* $ 30
Change-of-Schedule Fee* $ 30
Continuing Enrollment Fee $ 30
Returned Check Fee $ 30
Transcript Fee $ 10
Graduation Processing Fee $ 50
Commencement Fee $ 75
Replacement Diploma Fee $ 75
International Student I-20 or DS-2019 Processing Fee $ 250

All fees are non-refundable.
* Fee is waived for students receiving the UMT Military Scholarship.
For DBA Fees: Please refer to the DBA section of the graduate catalog.
 
 
Tuition Refund Policy
 
A student may request course cancellation in any manner, but the university strongly advises such requests to be in writing by email, fax, or mail. The refund is calculated based on the postmarked date that a student's cancellation is mailed or the date that an email or fax request is received by UMT. Students also may submit written cancellation requests in person at UMT's administrative offices during normal business hours (Monday - Friday, 9 a.m. to 5 p.m. Eastern Time).
UMT also reserves the right to terminate student enrollments if students do not meet the academic and financial standards.
Cancellation within Seven Days: A student may cancel a course enrollment within seven calendar days from midnight of the day on which the official start date is approved with course access granted and receive a full refund minus a $50 Cancellation Fee to cover administrative costs.
Cancellation after Seven Days: If a student requests cancellation after the above seven days, UMT shall refund the proportion of the tuition paid, according to the following schedule:
 
Cancellation Date After Refund Amount
1st week (seven days) of the course 80%
2nd week (fourteen days) of the course 60%
3rd week (twenty-one days) of the course 40%
4th week (twenty-eight days) of the course 20%
5th week (thirty-five days) of the course None
 
For international students with F-1 or J-1 visa, the first-year-program tuition is non-refundable.
Refund Payment: Refund payment will be made within 30 days from the cancellation date.
For students who use FSA: Please refer UMT FSA policies in leave of absence, withdrawal, return of title IV funds and post-withdrawal disbursement for more guidelines.
 

 
Federal Student Aid
 
UMT has been approved by the U.S. Department of Education to provide Federal Student Aid (FSA, Title IV) to qualified students to finance their education. Applicants should complete the current year’s FAFSA with UMT’s school code (041103) if interested.

FSA students are required to enroll in courses on a term basis. The dates of the terms can be found in the Academic Calendar section of the undergraduate and graduate catalogs. Processing for each semester opens 6-weeks prior to start.

The estimated costs and policies governing the FSA program are described below:
 
Estimated Costs
 
To estimate your individual costs click: Net Price Calculator

Undergraduate Full-Time 27 Semester Credits / 33 Weeks of Instruction
Graduate Full-Time 18 Semester Credits / 33 Weeks of Instruction

Item Undergraduate Cost Graduate Cost
Tuition & Fees $10,620 $7,110
Loan Fees* $135 $165
Room & Board** $6,435 $6,435
Books & Supplies $270 $300
Dependent Care*** $900 $900
Miscellaneous**** $500 $500
Total $18,860 $15,410

* Students attending at less than half-time status cannot receive Direct Loans.
** Students living in military housing, and/or receiving military housing allowance, are only eligible for 25% of the room and board.  Dependent students not living with their parents are only eligible 50% of the room and board.
*** Applicable only for students with dependents. The amount can be increased on a case-by-case basis for students with a disability or to allow for special circumstances.
**** Applicable only for first-time undergraduate students and/or graduate students attending an online school for the first time. This is a one-time only allowable cost. It is not applicable for students attending less thatn half-time.
 
Satisfactory Academic Progress (SAP)
 
Receipt of Federal Student Aid (FSA) requires students to maintain Satisfactory Academic Progress (SAP) toward earning their degrees. Students who do not achieve satisfactory progress in their degree programs may lose FSA funding.

Students using FSA funding will receive a SAP report for each enrollment term prior to the beginning next enrollment term. UMT employs two criteria to measure SAP:
  • Cumulative grade point average (CGPA), which assesses the quality of the student’s study efforts;
  • Credit hour completion, which assesses the extent to which students are completing their work quantitatively.
The following are descriptions of these criteria:
 
CGPA
In order to successfully complete an undergraduate degree program, students must achieve a minimum cumulative grade point average (CGPA) of 2.0. At the graduate level, degree conferral is contingent on a minimum CGPA is 3.0. Students are also required to meet or exceed the CGPA threshold established by UMT for different stages of their progress toward a degree, in accordance with the table below.
  Credits Completed
(excluding transfer credits)
Threshold CGPA
Associate First semester 1.67
  After first semester 2.0
Bachelors First Semester 1.67
  After First Semester 2.0
Graduates First semester 2.67
  After first semester 3.0
 
Credit Hour Completion
  1. Enrollment Term Credit Hour Completion
    To maintain SAP, all students maintain an overall 67 percent completion rate. Undergraduate students must complete at least two-thirds of their attempted courses per semsester. Graduate students must complete at least half of their attempted courses per semester.

    For students receiving Federal Student Aid (FSA), a course will be treated as completed if it receives an official letter grade of A through F. A course will be treated as attempted, but not completed if it receives a grade of W (Withdrawal); I (Incomplete); or WU (Unofficial Withdrawal). For example Ms. Singh is enrolled in 9 credits as an undergraduate student at UMT. Assuming she has received the following grades for her courses:

    Course attempted       Grade
    MGT 102 (3 credits)   B
    MGT 104 (3 credits)   I
    MGT 106 (3 credits)   C+

    The student has attempted to complete 9 credits hours of courses, but has only completed 6 credit hours (MGT 104 is incomplete and cannot be treated as a complete course).  She has complete 67 percent of her attempted courses, which means she is compliant with SAP, which requires a minimum of 67 percent completion.

  2. Program Credit Hour Completion
    Students using FSA may repeat a course to improve academic performance. However, the FSA program requires students to complete their programs without 150 percent of the credits needed to earn a degree.  For example, students working on the BBA at UMT -- which entails completion of 120 credit hours of student -- must meet all the requirements toward the degree within 180 credit hours of study.  Computation of credit hours of study includes transfer credits, credits earned from repeating a course, and/or a change of academic program (e.g., a change of major) that count toward meeting degree requirements.
 
Probation
Student using FSA funding should strive to achieve or exceed minimum requirements in SAP both qualitatively and quantitatively. If a student fails either one of these criteria, the student will be put on FSA probation for one enrollment term. After the probation period, if the student still cannot meet SAP requirements, the student will be suspended for FSA funding.
 
SAP Appeal Process
In the event that unusual circumstances – such as academic program change, serious prolonged illness, death of a family member, or other traumatic events – are hindering a student's successful academic performance leading to the suspension of FSA, the student may submit a formal written appeal accompanied by relevant supporting documentation to the UMT Financial Aid Office. Appeals based on a need for assistance or claims of ignorance that the assistance was at risk will not be considered.

The student will be notified in writing whether the appeal is denied or approved within two weeks of its submission. Students who desire to file an appeal should do so immediately upon notification of financial aid suspension or will have to make provisions to pay their fees and tuition with other resources if an appeal remains under consideration at the start of the next enrollment term.

Students whose FSA eligibility is suspended may be reinstated after an enrollment term during which they were able to reestablish Satisfactory Academic Progress. The Financial Aid Office will notify students if they are able to regain eligible status.
 
Withdrawal
Official Withdrawal: FSA students desiring to withdraw from a course should submit a request to withdraw to Registrar’s office. The date on which the withdrawal request is made will be used to calculate the percentage for Return of Title IV funds.

Unofficial Withdrawal: Students who cease their studies and do not officially notify UMT of their withdrawal are considered unofficial withdrawals. The withdrawal date is determined by the last documented date of an education-related activity. If the last date of attendance is not known, the midpoint of the semester will serve as the withdrawal date.
 
Return of Title IV Funds
When students withdraw while enrolled at UMT, the amount of FSA program assistance they have earned up to that point is determined by computing the percentage of the semester that has passed (see formula below). The amount of assistance earned is determined on a pro rata basis. For example, students who have completed 25% of their period of enrollment have earned 25% of the assistance they were originally scheduled to receive. The percentage is computed using the following formula:

Pro rata percentage = [Calendar Days Completed] / [Days in Semester]

If the date is after the 60% point of the semester, the student has earned 100 percent of the Title IV funds and no refunds will be made.

The amount of aid that was earned remains on a student’s account. The amount of aid that was unearned will be returned to the appropriate FSA program.

Example of Calculating Earned and Unearned Title IV Aid:

Steve is a BSCS student at UMT. He received a total of $3,316 in Title IV federal aid for the Spring 2010 semester. He was awarded $2,066 of Pell Grant and $1,250 of Federal Direct Loan.

The fall semester entails 11 weeks study (77 days), from April 5 through June 19.  Steve had to withdraw for personal reasons after 26 calendar days of the semester.   Thus he completed 34% of the enrollment period (26 days completed/77 total days in the semester).

Since Steve completed 34% of the total enrollment period, he earned 34% of the Title IV aid the school awarded him.  This means Steve will receive $1,127 ($3,316*34%) in Title IV aid.  Consequently, $2,189 ($3,316*66%) of the federal aid is unearned and must be returned to Title IV program accounts.
 
Order and Timeframe of Return of Title IV Funds
UMT returned unearned Title IV funds in the following order:
  1. Unsubsidized Federal Direct Loans
  2. Subsidized Federal Direct Loans
  3. Federal Direct PLUS Loans
  4. Federal Pell Grants.
UMT will return unearned Title IV funds within 45 days from the determination of a student's withdrawal.
 
Post-withdrawal Disbursement
If students did not receive all of the funds that they earned, they may be due a post-withdrawal disbursement. If the post-withdrawal disbursement includes loan funds, students may choose to decline the loan funds in order to avoid incurring additional debt. UMT may automatically use all or a portion of students’ post-withdrawal disbursements for tuition and fees. For all other school charges, UMT needs the students’ permission to use the post-withdrawal disbursement. Students who do not grant permission will be offered the funds. However, by granting permission, they may be able to reduce their debt to the school.

Example of Post-withdrawal Disbursement:

In Steve’s case (above), Steve officially withdrew from the university, but did not receive all of the 34% of the financial aid he earned prior to making a complete withdrawal.  Steve is eligible to receive a "post-withdrawal disbursement."  The UMT will notify Steve in writing of the disbursement amount he is eligible to receive. Steve will have 14 days to accept or decline the remainder of the financial aid he earned. If an acceptance is not received within this timeframe, the institution will not make the Post-Withdrawal Disbursement.
 

 
Financial Assistance
 
UMT offers a top quality education for as little as half the tuition of many similar programs. We believe these low tuition expenses are themselves a financial incentive for the hard working professional. Beyond our low tuition, UMT also offers a number of tuition incentives and savings in order to assist our students in funding their education.
 
Teaching & Research Assistantships
UMT offers a limited number of teaching and research assistantships to students. Contact UMT for more information about eligibility and requirements.
 
UMT Military Scholarship
The UMT Military Scholarship Program is a needs-based scholarship offered to eligible:
  • Active Duty US Military personnel, and in some cases, their dependents
  • National Guard
  • Reserves
  • Honorably discharged veterans.
The UMT Military Scholarship is designed to provide financial assistance to students who are not eligible or are not receiving other needs-based grants or scholarships (Pell Grant, PMIEF Scholarship, etc.) The scholarship awards tuition assistance, reducing the cost per credit-hour from $390 to $250 and waives most fees (e.g., Semester Registration, Change of Program, etc.) See Tuition and Fees later in this catalog.
 
UMT Active Duty Textbook Loan
Active Duty military personnel and dependents residing with them who are granted the UMT Military Scholarship may qualify to borrow books from UMT at no cost as long as the student is not receiving additional government funding that covers the cost of books (Post 9/11 stipends, etc.) The books must be returned at the student’s expense. Students interested in receiving this loan must write to UMT, explaining their needs.
 
Tuition Assistance and GI Bill®
UMT accepts military tuition assistance (TA). Once approved, the student must provide a signed TA form to UMT. In the case of the US Army, UMT downloads the TA approvals directly from the Army so a signed form is not needed.

Honorably discharged veterans and active duty personnel may use their GI Bill® benefits. Before committing to enrollment, applicants and existing students must establish their eligibility with the Veteran’s Administration. Always consult the VA before taking any action that involves your valuable VA benefits! Once enrolled, UMT’s VA Certifying Official will certify enrollment with the VA. For more information, see the VA web site at www.gibill.va.gov.
 
Additional Veterans' Benefits
Some students may be entitled to educational benefits as active duty personnel, veterans, or widows or children of deceased or totally disabled veterans. UMT’s administrative office processes certification of enrollment and attendance for the Veterans Administration so that eligible persons will receive educational allowances.
 
PMIEF Scholarship and PMIEF-UMT Scholarship
Students may apply for scholarships from the Project Management Institute Educational Foundation (PMIEF). They may apply directly for a PMIEF scholarship, or PMIEF-UMT scholarship. These scholarships are available for students who would like to in study project management related degree programs at the undergraduate, graduate, or doctoral level. Any degree program that addresses project management knowledge, skills, and ability is eligible. For more details, please visit www.pmief.org.
 

 
International Student Financial Requirement
Please see: Financial Certificate

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