ACU 2016-17 Catalog

Page 134

133| Required Materials for Financial Admission - Residential Programs After an international student has been admitted unconditionally, the following documents must be submitted: 1. A copy of your valid passport. 2. Evidence of financial resources necessary to complete at least one academic year of study (9 months) at ACU. Generally, this is accomplished by providing copies of your bank statements to ACU. Please see the graduate programs website for more specific information on finances for international students. ACU is unable to issue an I-20 for applicants admitted conditionally or provisionally or for online programs. We must have official copies of all documents before an I-20 can be issued. Once we receive the documents above, we will prepare your admission package and I-20. When these documents are ready, the student will be contacted and asked to provide shipping information. Upon admission and prior to enrollment, a student must submit health forms and immunization records demonstrating completion of the required vaccinations.

After receiving your award letter, you will be required to accept your award(s) to enable the funds to be paid into your account. Instructions can be found at: http://www.acu.edu/legacy/campusoffices/sfs/loans/acceptloans.html. *Please note that the school cannot release your funds until all forms are received and processed and your award is accepted.

Refund Policy Students are required to pay tuition and fees for any registered course unless enrollment is officially cancelled during the 100% refund period. All refunds are less any amounts owed to the university and are subject to payment holding periods. Withdrawal or cancellation occurs on the calendar day that withdrawal is requested either online or by phone with your advisor. By registering for classes, students agree to pay all applicable tuition and registration fees. The university provides a prorated refund for students withdrawing after the first day of class.

Unfortunately, the university usually cannot offer financial assistance to international students. More information can be found at http://www.acu.edu/admissions/international/financial-aid/expenseestimate.html

1.

International graduate students are required to be enrolled in at least 9 hours of coursework during a long semester. A minimum of 6 hours must be graduate level courses.

3. 4.

Once international students arrive on campus, they are required to check-in at the Center for International Education and attend the International Student Orientation. Students are also encouraged to meet with their advisors for program details (see other parts of this catalog), and join the International Students’ Association on campus. ACU’s international community is a welcoming group of around 200 students and faculty with regular activities.

5.

International Students in Online Programs International student admission for online programs will not require the submission of international admission forms since no student visa will be issued. A TOEFL score will be required in addition to the regular admission materials.

Financial Information Your Application for Federal Financial Aid is required to be completed two weeks prior to your first course.

2.

Students are required to complete an official withdrawal form prior to dropping a class. Notifying the instructor that you want to drop a course does not officially withdraw a student from the course. Non-attendance in a course will not constitute a withdrawal. Students who do not officially drop a course will be financially responsible for the entire cost of the course. Students who are expelled or suspended from the university during the course of an academic term are responsible for all financial obligations.

Recipients of Federal Financial Aid who officially withdraw from the university will be subject to Federal Title IV refund guidelines. Dropping a course or withdrawing from the program may result in portion or all of your aid bring returned to the lender or grant source. This may cause your account to have a debit balance with the university, which must be repaid. A refund will be issued to students that have financial aid that exceeds his or her tutition and fees. Financial aid refunds will not be processed until after the term has started. Refund Schedule for Residential Courses Withdrawal Day Through the

5th

day

Refund Percentage 100%

Financial aid for students pursuing online degrees is available in the form of federal student loans. The following items should be completed during your application phase. You can complete all the forms at www.studentloans.gov. Please ensure that ALL forms have been completed prior to your acceptance so there are no delays in processing your student loan. If you have questions about your federal student aid, please contact your Financial Specialist as soon as possible. Your Admission Advisor will alert you if your financial aid file is incomplete.

The number of days refers to weekdays. Therefore the 5th day represents the end of the add/drop period.

Please note: The federal school code for ACU is 003537.

Refund Schedule for Online Courses

There are 7 simple steps that need to be completed before your loan can be processed: 1. 2. 3. 4. 5. 6.

7.

Apply for a PIN (www.pin.ed.gov) if you do not already have one. Complete the FAFSA Online Application – www.fafsa.ed.gov. Review the Student Aid Report (SAR). Complete the Master Promissory Note (MPN) – www.studentloans.gov. Complete Entrance Counseling – www.studentloans.gov. Once you have been accepted into the program and if you are eligible for Student Aid, you will receive an award letter outlining steps for you to review your award amount. Accept your award amount via your myACU account at my.acu.edu.*

Days 6-12

80%

Days 13-15

60%

After Day 15

0%

Withdrawal Day

Refund Percentage

Prior to Day 1

100%

Days 1-5

75%

Days 6-10

50%

After Day 10

0%

The number of days includes weekend days. This refund schedule does not apply to programs currently serviced by Pearson Embanet. Refunds for these programs are only offered if the student withdraws from the course prior to the first day of class.


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