by our College Data Analytics TeamMany students will not be asked to pay the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The price tag of going to University of Baltimore can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
What financing options does UB offer, and what will you qualify for? Keep scrolling for more information. Read on to find out what amount of financial assistance will be accessible to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Continue reading to find information to help you understand just how much assistance you can expect to receive from University of Baltimore.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. However, some types of aid are more desirable than others, and some students will receive more than others.
For freshmen starting at University of Baltimore, 96% of entering full-time freshmen got some type of financial assistance some 24 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 84% | $11,113 |
| Institutional grants & scholarships | 68% | $5,358 |
| Federal Pell grants | 56% | $6,280 |
| State/local grants | 40% | $4,300 |
| Federal student loans | 40% | $6,355 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Across the undergraduate body at UB, approximately 76% of undergraduates were awarded grant or scholarship aid averaging $7,268 (covering around 988 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 76% | $7,268 |
| Federal Pell grants | 45% | $4,686 |
| Federal student loans | 38% | $7,628 |
For students living on campus and receiving title-IV aid, grants averaged $12,538.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $16,510 |
| $30,001 – $75,000 | $19,302 |
| Over $75,000 | $20,864 |
Each figure is the net price after grants and scholarships, not the published sticker price.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $13,868 |
| Off-campus title-IV students | $17,546 |
For a customized cost estimate, visit UB’s official net price calculator: www.ubalt.edu/admission/financial-aid/aid-basics/policies/net-price.cfm.
The median student at UB graduates with $18,972 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $18,972 |
| Median federal debt (graduates only) | $23,250 |
| Typical 10-year monthly payment (graduates) | $246.49/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Looking only at the median can be misleading because it hides the spread. The percentiles below describe the cumulative federal debt distribution for borrowers at UB.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,346 |
| 25th percentile | $7,000 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $36,750 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $19,500 |
| Middle income | $20,000 |
| High income | $15,284 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,500 |
| Continuing-generation students | $17,250 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,750 |
| Independent students | $22,634 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. UB.
Most undergraduate borrowing runs through the federal Stafford loan program. The annual Stafford volume below reflects program activity at UB:
| Metric | Value |
|---|---|
| Stafford loan recipients | 20323 |
| Total Stafford loan amount | $803,521,942 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 83 |
| Total GI Bill amount | $855,350 |
| Average GI Bill amount per recipient | $10,305 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 8 |
| Total DoD amount | $15,750 |
| Average DoD amount per recipient | $1,969 |
References
More about our data sources and methodologies.