Tuition and Financial Aid

Tuition & Fees


Fees	Cost
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
Readmission Fee*	$30
Change-of-Program Fee*	$30
Continuing Enrollment Fee	$30
Returned Check Fee	$30
Lost or Overdue Book Replacement Fee	$30
Transcript Fee	$20
Graduation Processing Fee	$50
Commencement Fee	$95
Diploma Replacement Fee	$75
Inter-School Processing Fee	$75
International Student I-20 Processing Fee	$250

*Fee is waived for military, veterans and first responders.
For additional DBA Fees: Please refer to the DBA section of the University Catalog

    
            Tuition
            Cost
        
            Tuition per credit hour
            $390
        
            Tuition per credit hour for Military, Veteran and First Responder Students 
            $250
        
            Tuition per credit hour for International Students with F-1 or J-1 visa
            $780

F-1 International Students must provide Financial Certificate

Tuition Refund Policy

UMT reserves the right to terminate student enrollments if students do not meet the academic and financial standards.

A student may request Enrollment Agreement Cancellation or Course Withdrawal in any manner, but to ensure timely processing, the university strongly recommends email, fax, or mail. The refund is calculated based on the postmarked date that a student's request is mailed or the date that the electronic request is received by UMT.

Enrollment Agreement Cancellation: Students have seven calendar days after signing an enrollment agreement to cancel enrollment and receive a full refund of all monies paid to the university. A student requesting cancellation more than seven calendar days after signing an enrollment agreement, but prior to beginning a course in the program, is also entitled to a refund of all monies paid to the university minus any fees paid up to $75. Canceling an enrollment agreement after starting one or more courses automatically causes a course withdrawal of all unfinished courses.

Course Withdrawal: UMT refunds the proportion of the tuition paid after beginning a course, according to the following schedule:

    
            AFTER
            Percentage of Tuition Returned to the Student
Minus the Application and/or Registration Fee
        
            1st Week
            80%
        
            2nd Week
            70%
        
            3rd Week
            60%
        
            4th Week
            50%
        
            5th Week
            40%
        
            6th Week
            30%
        
            7th Week
            20%
        
            8th Week
            10%
        
            9th Week
            0%

When a third party is paying the student's tuition, any refund is made to the third party, not to the student.
Refund Payment: Refund payment will be made within 30 days from the cancellation date.
For Students Using FSA: Please refer to the UMT FSA Handbook for leave of absence, withdrawal, return of title IV funds and post-withdrawal disbursement policies.

Tuition Refund Examples

A student withdraws from a course on day 5. The student is entitled to a 100% refund of the tuition paid. In this situation, the following calculation would apply:

$1170 (tuition for one three-credit course) - $1170 (the refund amount, which is 100% of the course tuition) = $0 (student's responsibility to pay to the University)

A student withdraws from a course on day 38. The student is entitled to a 40% refund of the tuition paid. In this situation, the following calculation would apply:

$1170 (tuition for one three-credit course) - $468 (the refund amount, which is 40% of the course tuition) = $702 (student's responsibility to pay to the University)

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 Free Application for Federal Student Aid (FAFSA) with UMT's school code (041103).

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 University Catalog. Processing for each term opens 6-weeks prior to the term start.

The estimated costs and policies governing the FSA program are described in the UMT FSA Handbook. The Net Price Calculator can be used to estimate the cost to study at UMT also.

Financial Assistance

UMT offers a top-quality education for as little as half the tuition of many similar programs. UMT’s low tuition expenses are themselves a financial incentive for the hard-working professional. Beyond low tuition, UMT offers

Military and First Responder Tuition

Military, veterans and first responders enjoy a lower tuition rate of $250/credit hour.

GI Bill® Benefit

Honorably discharged veterans and active-duty personnel may use their GI Bill® benefits. The applicants and existing students need to establish the eligibility with the Veteran's Administration before using the benefit. Consult the VA before taking before taking action. Once enrolled, UMT's VA Certifying Official will certify enrollment with the VA. For more information, see the VA web site at www.gibil.va.gov.

GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official U.S. Government web site at www.benefits.va.gov/gibill.

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 Fee Waiver Program

UMT waives most fees (e.g., Semester Registration, Change of Program, etc.) for qualified applicants and students.

UMT Textbook Loan Program

UMT offers a Book Loan to qualified students who wish 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. The books must be returned at the student's expense. Not all students qualify, see the University Catalog for details.

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.