Financial Aid Disbursements
Generally, students receive one-half of academic year financial aid funds for each fall and spring term (except Federal Work-Study funds). TU credits aid toward term charges for tuition and fees and other direct university charges.
If students’ total disbursed term aid exceeds their term charges, they will receive a rebate check to use for books and day-to-day expenses.
The Bursar's Office will disburse financial aid rebate checks no earlier than one week before the first day of the fall and spring terms and no earlier than the first day of each student’s summer session. Students may have a delay in receiving rebate checks if they completed their aid application late or had revised aid offers.
Private Scholarship Payments
Students who receive scholarships from private organizations outside of TU (not including Maryland state scholarships) should contact the Bursar's Office to arrange for payment of scholarship funds. The Bursar's Office will disburse scholarship proceeds in accordance with procedures and policies set by the private scholarship donors and Towson University. Students may defer partial payment of university charges before receipt of scholarship proceeds by forwarding a copy of the scholarship award letter to the Bursar's Office. Any outstanding balance created when a student or donor fails to provide TU with adequate, timely information will become a financial obligation of the student.
For some financial aid programs, such as Pell Grants, Federal Direct Loans, and many state aid programs, the minimum enrollment level calculations for students' spring disbursement can be adjusted based on students' Minimester units.
Example: Pell Grant disbursements are based on students’ enrollment levels. A student with 3 minimester units and 6 spring units, would receive a spring Pell Grant disbursement based on 9 units (3/4 time). Many other aid programs cannot be adjusted based on Minimester units. For more information, see TU's Award Guide.
To request aid for summer sessions, students must submit a Summer Aid Application. See applying for summer aid.
Summer aid is usually limited to Federal Pell Grants and federal loans. Federal loans are only available if students did not already borrow or receive the maximum annual award amounts during the previous academic year.
Financial Aid Advising
Students and parents can schedule appointments to speak with Towson University financial aid advisors in person or by telephone. To schedule an appointment, call 410-704-4236.
When a student withdraws from all courses during a term and is receiving student aid, the Financial Aid Office must determine what portion of the student’s aid (not including Federal Work-Study) will revert to the aid programs. The Financial Aid Office must use a statutory refund formula required by the U.S. Department of Education to determine what portion of aid paid to TU charges has been “earned” and what portion must be considered “unearned.”
The percentage of assistance earned is equal to the percentage of the term completed as of the day the student withdraws. (If the withdrawal occurs after the 60 percent point, the percentage of aid earned is 100 percent.) The amount of aid not earned by the student is calculated by determining the complement of the percentage of assistance the student earned. That percentage is then applied to the total amount of grant and loan assistance disbursed for the term.
If the student received more grant or loan assistance than the amount earned, TU or the student (or both) must return the unearned funds to the aid programs.
TU returns the lesser of the unearned amount of assistance, or the institutional charges incurred for the term, multiplied by the unearned percentage of grant and loan assistance. Institutional charges are limited to tuition, fees and room and board, if the student paid these charges to the university.
The student returns unearned assistance minus the amount the university returns. The U.S. Department of Education does not allow discretion on the part of TU for non-institutional costs. In most cases, when a student receives assistance greater than the amount of institutional charges and completely withdraws from TU, the student will have to return some of those funds.
Regular Student Employment
Various campus departments hire students and many off-campus part-time jobs are available in the Baltimore metropolitan area. Review the Career Center's job listings.
TU's Military and Veterans Center provides veterans benefit information to eligible students. First-time applicants must start with the VA’s application process. TU's Certifying Official helps guide students through the application process, coordinates the certification process between TU and the VA, monitors class attendance, and evaluates academic progress to ensure that recipients maintain satisfactory progress.