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

- Disbursements of Federal Direct Loan, Federal PLUS Loan, Federal Grad PLUS Loan, and  
  Signature Student Loan Funds.

- Disbursements are made at the beginning of each semester if a student is enrolled and  
  actively participating.  Appropriate disbursements are made for students who are enrolled less
  than three semesters.

- A late disbursement occurs only if Amridge University has a eligible ISIR prior to the end of  
  the semester and the delay was at no fault of the student. If the disbursement date for a  
  Federal Direct loan is within one hundred twenty days after the end of the loan period, or  
  within one hundred twenty 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.

- 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.