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Contact:
Starr Fain:
1.800.351.4040 Ext 7523 or 334.387.7523
Louise Hicks: 1.800.351.4040 Ext 7525 or 334.387.7525
Lisa Byrd: 1.800.351.4040 Ext 7527 or 334.387.7527

Fax:  334.387.3878 
Email:
  financialaid@amridgeuniversity.edu
 
   
   
   
   
   
   
   
   
   

Financial Aid Disbursements

  If you are a recipient of Financial Aid, we want to be sure that you understand the process for financial aid disbursement to your account, and how the disbursement directly relates to the actual number of credit hours you attend.
 
Student Aid

Student aid for all programs, Pell Grant, Federal Work-Study, Federal Direct Subsidized and Unsubsidized Loans, Federal PLUS Loans, Federal Grad PLUS Loans and Signature Student Loans for students are credited to the student’s account.    

Returning students not on financial aid warning or probation

There will be one (1) financial aid disbursement per semester for students that are in this category. Disbursement will be made following the receipt of all required financial aid documents and verification of participation in all classes, once the semester has begun.

If there are remaining funds after tuition and fees have been covered, the student will be mailed a refund check within ten (10) business days of the disbursements being received and participation verified.

First time students and students on financial aid warning or probation

There will be two (2) financial aid disbursements per semester for students that are in this category. The first disbursement will be made following the receipt of all required financial aid documents and verification of participation in all classes, once the semester has begun. A second disbursement will be made in week seven (7) of the semester, after class participation again has been verified. Upon verification, if there are remaining funds after tuition and fees have been paid, the student will be mailed a refund check within ten (10) business days of the disbursement being received. Students in good financial aid standing with the University at the completion of three (3) semesters may receive their financial aid funds in one disbursement per semester. This will be at the discretion of the Financial Aid Office.

§ Disbursements of Federal Direct Loan, Federal PLUS Loan, Federal GradPLUS Loan, and Signature Student Loan Funds

§ A late disbursement occurs only if Amridge University has an eligible ISIR prior to the end of the semester and the delay was no fault of the student. If the disbursement date for a Federal Direct loan is within 120 days after the end of the loan period, or within 120 days after the student ceases to be enrolled at least half-time, then the financial aid officer will retain documentation in the student file stating the reason(s) for late disbursement.

§ Students are notified of the number of disbursements and the method of disbursement.

§ A student may request the institution to hold excess subsidized or unsubsidized loan proceeds on account to help the student manage those funds. The request must be in writing.

§ Subsidized and unsubsidized loan monies are returned to the lender within 30 days of a determination that the borrower has not registered. A copy of the completed Return to Lender form is placed in the student’s folder.

§ Disbursement of FSEOG or Pell Grant Funds

The institution will not disburse FSEOG or Pell Grant funds for a payment period or release loan proceeds to any student who has not yet registered for classes for that payment period or loan period.

§ Disbursement of Federal Work-Study Funds

Federal Work-Study students receive a check monthly.  
                

 

The institution will not disburse FSEOG or Pell Grant funds for a payment period or release loan proceeds to any student who has not yet registered for classes for that payment period or loan period.

All first-time in college students (those students coming to Amridge University without having attended another post-secondary institution) will be required to provide an official copy of their high school transcript and/or their GED transcript record to the institution to be considered for admission to Amridge University. (Military service members will be exempt from this requirement and may be granted provisional enrollment and a preliminary evaluation based upon unofficial documentation for a period not to exceed one semester.)

Financial aid will not be disbursed to those students whose admission status is “provisional” until they have cleared all document and entry requirements for Amridge University.