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Tuition & Fees
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Tuition
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Tuition per credit hour
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$
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390
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Tuition per credit hour for Students Receiving the UMT Military Scholarship
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$
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250
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Tuition per credit hour for International Students with F-1 or J-1 visa
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$
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780
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Fees
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Application Fee*
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$
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30
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Transfer Credit Evaluation Fee
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$
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30
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Semester Registration Fee*
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$
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30
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Late Registration Fee* (applies on and after the first day of a semester start)
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$
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40
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Cancellation Fee
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$
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50
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Re-admissions Fee*
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$
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30
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Change-of-Program Fee*
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$
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30
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Change-of-Schedule Fee*
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$
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30
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Continuing Enrollment Fee*
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$
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30
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Returned Check Fee
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$
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30
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Transcript Fee
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$
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10
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Graduation Processing Fee
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$
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50
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Commencement Fee
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$
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75
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Replacement Diploma Fee
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$
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75
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International Student I-20 or DS-2019 Processing Fee
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$
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250
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All fees are non-refundable.
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* Fee is waived for students receiving the UMT Military Scholarship.
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For DBA Fees: Please refer to the DBA section of the graduate catalog.
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Tuition Refund Policy
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| 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: |
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| 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 | |
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| 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. |
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Federal Student Aid
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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.
FSA students are required to enroll in courses on a term base. The dates of the
terms can be found in the Academic Calendar section of the undergraduate and graduate
catalogs.
The policies governing FSA program are described below:
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Satisfactory Academic Progress (SAP)
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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 support.
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.
Following are descriptions of each of these criteria: The following are descriptions
of these criteria:
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CGPA
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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.
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Credits Completed
(excluding transfer credits)
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Threshold CGPA
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Undergraduates
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9
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1.33
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18
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1.67
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≥30
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2.0
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Graduates
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6
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2.33
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12
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2.67
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≥18
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3.00
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Credit Hour Completion
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- Enrollment Term Credit Hour Completion
To maintain SAP, students must complete 67 percent of their UMT enrollments per
enrollment term.
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.
- 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.
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Probation
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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.
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SAP Appeal Process
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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.
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Withdrawal
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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.
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Return of Title IV Funds
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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.
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Order and Timeframe of Return of Title IV Funds
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UMT returned unearned Title IV funds in the following order:
- Unsubsidized Federal Direct Loans
- Subsidized Federal Direct Loans
- Federal Direct PLUS Loans
- Federal Pell Grants.
UMT will return unearned Title IV funds within 45 days from the determination of
a student's withdrawal.
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Post-withdrawal Disbursement
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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.
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Financial Assistance
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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.
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Teaching & Research Assistantships
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UMT offers a limited number of teaching and research assistantships to students.
Contact UMT for more information about eligibility and requirements.
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UMT Military Scholarship
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UMT Military Scholarship Program is offered to eligible active duty military, serving
in the Army, Air Force, Navy, Marine Corps, Coast Guard, National Guard, and Reserves;
qualified veterans; and spouses of active duty military.
The UMT Military Scholarship awards tuition assistance, reducing the cost per credit-hour
from $390 to $250.
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UMT Active Duty Textbook Loan
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Active duty military personnel receiving the UMT Military Scholarship may qualify
for participation in the free-of-charge UMT Active Duty Textbook Loan program. This
program provides textbooks at no cost. Students interested in receiving this loan
must write to UMT, explaining their needs.
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Tuition Assistance and G.I. Bill
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To receive TA, the applicant must obtain the written approval of his/her commanding
officer or education services officer. Approval is indicated by signature on the
TA form.
Veterans and Active duty military personnel may use their Montgomery G.I. Bill benefits.
Before committing to enrollment, applicants 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 provide a signed enrollment certification to the VA. For more information,
see the VA web site at
www.gibill.va.gov. UMT is also affiliated with DANTES.
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Additional Veterans' Benefits
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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.
The UMT Military Scholarship also is available to honorably discharged veterans.
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PMIEF Scholarship and PMIEF-UMT Scholarship
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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.
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International Student Financial Requirement
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Please see:
Financial Certificate
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