Terms and Conditions


 
  • Financial information reported on the Free Application for Federal Student Aid (FAFSA) will be verified against federal income tax returns and other verification documents. Any conflicting information may result in changes, reductions, and/or cancellations to student’s financial assistance package.

  • The Financial Aid Office uses the AJU email to send messages regarding updates, adjustments, and/or cancellation of financial assistance. It is student’s responsibility to review and comply when necessary with required requests. It is student’s responsibility to resolve any technical and/or computer challenges regarding my AJU email.

  • Student must meet all federal eligibility requirements, as specified on the FAFSA, to receive federal financial assistance.

  • The Federal Supplemental Educational Opportunity Grant (FSEOG) is only offered to Pell eligible grant recipients and will be canceled if a student ineligible after verification.

  • Scholarships and grants provided by the University may not in themselves, or when combined with state grants, exceed the need level (as calculated by the federal formula) or cost of tuition. Furthermore, aid cannot exceed the standard cost of attendance.

  • Financial Aid office reserves the right to revise student’s financial assistance. Modifications to this offer may be required by reductions or elimination in state, federal, or institutional funding; corrections or changes in the data reported; receipt of additional resources, or other eligibility criteria.

  • If student receives a refund from the grants and/or federal funds, s/he is responsible for any outstanding balances on the student’s account. Student will be unable to register in future terms if s/he has an outstanding balance.

  • There are many scholarship resources available and student can review and search for specific scholarships from any websites including http://research.collegeboard.org/ and http://www.fastweb.com.

  • Student must immediately report to the Financial Aid Office any outside scholarship(s) or tuition benefits so that all financial assistance may be coordinated according to policy.

  • Any scholarship or grant assistance received in excess of tuition, fees, books, and required supplies may be subject to federal taxation.

  • Financial assistance may be subject to change without notice due to reduction, cancellation, or changes in institutional, federal and/or state programs.

  • Federal taxes and/or other verification documents must be submitted and enrollment verified to confirm any financial assistance. Therefore, any need-based grants and/or loans may be reduced or canceled if verification documents are not received.

  • Failure to submit all required verification documents by the priority deadline may cause delays, reduction or cancellation of disbursement of federal and state awarded financial assistance. If financial assistance is delayed, reduced or cancelled it is student’s responsibility to find other resources to pay all charges prior to the due date in order to avoid finance charges.

  • Grants are based on financial need, whereas scholarships are based on merit, test scores, grades and/or special talents.

  • All scholarships, grants, loans and private/outside awards will be evenly disbursed to the student’s account, one half each semester.

  • All loans are estimated, must be accepted, require separate application, and may be adjusted due to changes in enrollment status, verification of income, or additions of other types of aid. PLUS and alternative loans are based on credit and are subject to approval by the lending institution. Loan fees may be deducted from the loan proceeds prior to disbursement of the loan. Student should follow-up themselves with the loan(s) status of approval and/or denial, and the University cannot be responsible for student’s adverse credit.

  • By signing the Letter of Award, student authorizes the AJU to deposit federal and private loans, grants and scholarships to student’s account to cover any finance charges that may be charged. This includes but not limited to Parent Loans for Undergraduate Students (PLUS) and Graduate PLUS for graduate students.

  • It is student’s responsibility to research and review lenders before applying or re-applying for federal, state, or alternative loans. It is also student’s responsibility to read the promissory note(s), terms, and conditions, as borrower benefits are subject to change at any time without notice.

  • Federal loan recipients are required by law to complete Entrance Counseling prior to the first loan disbursement. Upon separation from AJU, student must complete Exit Counseling. These counseling sessions may be completed online through the AJU financial aid webpage at Exit/Entrance Counseling.

  • Student has the right to cancel all or any portion of the loan(s) that s/he accepts on the Letter of Award. Student is required to notify the Financial Aid Office in writing of any cancellation request prior to disbursement.

  • Student must report in writing to the Financial Aid Office any changes in financial, marital, or academic status.

  • University provides financial assistance ONLY for full-time students. Students enrolled in less than 6 units in a semester will not qualify for any types of financial assistance. Adjustments will be made to student’s financial assistance if s/he adds or drops units below or above flat rate resulting in a change in tuition charges.

  • Student must make satisfactory academic progress (SAP) in order to remain eligible for financial aid. If student’s AJU term and cumulative GPA fall below 2.0 (for Undergraduate Students) or 3.0 (for Graduate Students) for two consecutive semesters, student will forfeit any financial assistance until term and cumulative GPA is raised to 2.0/3.0 or greater.

  • If student’s financial assistance is canceled due to academic probation, continued probation, or not completing the minimum units, student will be notified via AJU email account. If student’s financial assistance is canceled, student required to pay his/hers student account with his/hers own resources or secure an alternative loan with a credit-worthy cosigner, if needed.

  • AJU institutional financial assistance is partially based upon a student's personal conduct. Behavior inconsistent with established University guidelines and policies for personal conduct, as outlined in the Student Handbook, is cause for termination of institutional financial assistance.

  • It is student’s responsibility to apply for financial aid each academic year. Furthermore, if student is dismissed, suspended, withdraw from school, or take a leave of absence, once s/he returns to school and as long as s/he qualifies for aid, student shell contact the Financial Aid Office to reactivate his/hers financial aid file.

  • If a student is suspended or dismissed for disciplinary conduct, his/her scholarship will be permanently revoked and not re-instated for any future semesters at AJU. No appeals to re-instate the academic scholarship will be granted for students who lose their scholarships due to disciplinary suspension or dismissal.