- Academic Calendar
- Introduction
- General Information
- Admission Information
- Academic Information
- Academic Support
- Financial Information
- Financial Aid
- Financial Assistance General Information
- Financial Aid Application Deadlines
- Rights and Responsibilities of Financial Aid Recipients
- Fund Disbursements
- Satisfactory Academic Progress for Financial Aid Recipients
- Financial Aid Refund Policies
- Academic Transcript Request Policy for Student Loan Borrowers in Default
- Federal Loans
- Adventist University of Health Sciences Scholarships
- Veteran’s Certification
- Department of Health and Biomedical Sciences
- Department of Nurse Anesthesia
- Department of Occupational Therapy
- Directory
- Faculty
- Course Descriptions
A student who receives federal aid (Unsubsidized Stafford Loan, or Graduate PLUS Loan), and withdraws during the first 60% of the trimester or enrollment period will have his or her federal aid adjusted, based on the amount of time the student was enrolled. The amount of federal aid a student earns will be directly proportional to the percentage of time enrolled. The student who withdraws after the 60% period will be able to keep all of his or her federal financial aid.
The unearned amount of federal aid will be returned to the source, using the following distribution priority:
Federal Direct Unsubsidized Stafford Loan
Federal Direct PLUS Loan
Other federal aid
If Adventist University is not required to return all of the unearned loan funds, the student must return the remaining amount. Any loan funds that the student has to return will be repaid according to the terms of the promissory note.
If a student withdraws from the University during a trimester and the total amount of federal funds the student earned is greater than the total amount disbursed, the student may be eligible to receive a post-withdrawal disbursement. For the post-withdrawal disbursement, the University can credit loans for tuition, fees, room and board (without authorization) and for other educational charges (with authorization from the student or parent). Adventist University will send written notification to the student within 30 days of the date that the University determined that the student withdrew. Confirmation must be received before the funds can be credited to the account or directly disbursed. The written notification will:
Include the loan to be credited and the loan available as direct disbursement.
Explain that the student may accept or decline some or all of the post-withdrawal disbursement.
Explain the student’s obligation to repay the loan.
Explain that no post-withdrawal disbursement will be made if the student has not responded within 14 days of the written notification date.
If the student responds to the University notice within 14 days and instructs Adventist University to make all or a portion of the post-withdrawal disbursement, the funds will be disbursed in the manner specified in the response within 120 days of the date that the University determined that the student withdrew. If the student does not respond to the University notice, no post-withdrawal disbursement will be credited to the account or disbursed directly.
