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 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.
not on financial aid warning or probation
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.
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
First time students
and students on financial aid warning or probation
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
§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
§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.
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.
Amridge University | Copyright 2010 | 1200 Taylor Road Montgomery, AL 36117 | 1.888.790.8080