| empty table header | Dependent Undergraduate Students | Independent Undergraduate Students | Graduate, Law, and APD Students |
|---|---|---|---|
| 0-29 | $5,500 - No more than $3,500 of this amount may be subsidized | $9,500 - No more than $3,500 of this amount may be subsidized | $20,500 - No subsidized amount is available |
| 30-59 | $6,500 - No more than $4,500 of this amount may be subsidized | $10,500 - No more than $4,500 of this amount may be subsidized | $20,500 - No subsidized amount is available |
| 60+ | $7,500 - No more than $5,500 of this amount may be subsidized | $12,500 - No more than $5,500 of this amount may be subsidized | $20,500 - No subsidized amount is available |
| Maximum total debt from Direct Loans | $31,000 - No more than $23,000 of this amount may be subsidized | $57,500 - No more than $23,000 of this amount may be subsidized | $138,500 - No more than $65,000 of this amount may be subsidized |
This is up to you. We recommend only borrowing what you need to attend school; however, this will mean different things to different people. One way to look at this would be to subtract what your grants and/or scholarships from what you owe. Remember to account for the origination fees!
It's important to know you can accept a lesser loan amount now and request the unused portion of your loan eligibility later in the semester assuming you continue to meet the loan requirements.
Yes. If you are a first time borrower of federal loans, you must complete a Master Promissory Note (MPN) and Entrance Counseling. Both of these can be completed online on the Federal Student Aid website and must be complete before your loan(s) will apply to your account balance. The MPN is valid for 10 years, and the Entrance Counseling is only done during the first semester you borrow loan(s) at UBalt.
If you are transferring to UBalt and had a Direct Loan at a previous school, your MPN will transfer to UBalt automatically. You will need to log in at the Federal Student Aid website to transfer your Entrance Counseling to UBalt.
While interest rates are fixed for the life of the loan, the interest rates can change each year you accept a new loan. For the current rates, please visit the Federal Student Aid website for Direct Loans.
Please see the Federal Student Aid website for a list of federal loan fees.
After you graduate, leave school, or drop below half-time enrollment, you will have a six-month grace period before you are required to begin repayment. During this period, you'll receive repayment information from your loan servicer, and you'll be notified of your first payment due date. Payments are usually due monthly.