Transfer Student Financial Aid Eligibility
Federal and State Program
College Funded Programs-Scholarship Policies
Refund Policy
Transfer Student Financial Aid Eligibility
Financial
aid for students transferring from other institutions will be determined
by their academic standing, which will be calculated on all hours
AUC has accepted. All applications, awarding, and disbursement procedures
mentioned above apply. All transfer students with Social Security
numbers are reported to the National Student Loan Disbursement System
for federal loan monitoring.
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Federal and State Program
Federal or Title IV programs
include the Federal Pell Grant, Federal Supplemental Educational Opportunity
Grant, Federal Perkins Loan, Federal Work Study Program, and Federal
Stafford Loan Program. All applicants must complete the Free
Application for Federal Student Aid (FAFSA) form for these
programs. There is no fee for the processing of this form. This form
is available in the Financial Aid office or by accessing the web site
at www.fafsa.com. The FAFSA can be completed any time after January
1, 2005. The student and/or parent tax returns and other forms of
documentation may also be forwarded to the Financial Aid office for
federal and state funds. Details of these requirements are provided
with the College's Financial Aid application material.
Priority funding is given to applicants who complete and mail the
required forms by the following deadline: April 15 of the
year of application for fall admission.
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College Funded Programs-Scholarship Policies
The
amount of scholarship or grant may be determined by the amount of
other aid a student receives; awards are always tentative and will
be adjusted if a contradiction in policy occurs.
All awards are non-transferable and are credited directly to the student's college account during the school year. Awards are calculated for a two semester school year and disbursed in two equal payments; one for each term.
Total grants/scholarship funds, including federal, state, college and denominational subsidies can not total more than the yearly tuition package amount or $12,600.00. This is called the grant cap amount.
All new freshman, transfer and returning students (those absent
from AUC for four or more semesters) entering AUC's daytime program
must have a minimum cumulative G.P.A. of 2.20 (minimum 450 GED) in
order to qualify for any of the institutional grant money listed below,
and meet satisfactory academic progress for subsequent semesters.
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Financial Aid Refund Policy
The Atlantic Union College refund policy for
students withdrawing from classes is outlined on
pages 171-172. A $100.00 administrative drop fee
will be charged to students who withdraw completely
during the 100% refund period.
Since financial aid is considered to be used first for direct educational costs (tuition, fees, room, board, and books), when a student withdraws from all classes and under the refund policy receives a refund of these charges, any credit will be used to reimburse financial aid programs first, and any remaining credits will be refunded to the student.
According to regulations, refunds due to the Federal Title IV programs will be allocated according to the following priority:
- Unsubsidized Federal Stafford loans
- Subsidized Federal Stafford loans
- Federal Perkins loans
- Parent Federal (PLUS) loans
- Federal Pell Grant program
- Federal Supplemental Educational Opportunity Grant program
- Other Title IV aid programs