28 Federal Plus Loans (parent and grad), Direct Stafford Subsidized and Unsubsidized loan programs. Federal aid programs are returned in the following order: Direct Stafford Unsubsidized Loan, Direct Stafford Subsidized Loan, Perkins Loan, PLUS, Pell Grant, SEOG, and other Title IV programs. Avila will return Title IV aid from the student’s account according to the federal formula. A student may be required to return a Title IV aid overpayment. When a student receives notification from Avila of an overpayment, the student has 45 days to return the funds to the Business Office. Students not complying with the 45-day requirement will be submitted to the Department of Education for collection. The student will be ineligible for further Title IV aid until the overpayment has been paid in full to Avila University and/or satisfactory repayment arrangements have been made with the Department of Education. The return of enrollment charges policy calculation and applicable institutional refunds will be processed within 30 days of the withdrawal date. A letter indicating the calculation results, any applicable refund or the adjusted statement of charges will be sent to the student’s home address. Return of Non-Federal Student Aid The return of federal funds is the first priority for students receiving federal aid. If the student received institutional aid, state aid, or made personal payment, the institutional and state aid are repaid proportionally according to the source of the payment. If repayment of aid programs results in a balance owed to Avila on the student’s account, it is the responsibility of the student to pay the amount owed and it is due upon notification that a balance owed exists.
Financial Aid Avila University believes that qualified students should not be denied an educational opportunity due to lack of financial resources, and that financing a student’s education should be a cooperative effort between the student and the institution. While the student’s family has primary responsibility for the student’s education, the University, federal and state governments and other external agencies work as partners in making higher education affordable. The University commits its own scholarship, grant, and work resources to assist qualified students in assembling the resources necessary to pay for an Avila education. Students and families are strongly encouraged to call or visit the Financial Aid Office to engage in this planning process: the office may be reached by phone at 816-501-3600 or via email at finaid@avila.edu. Please note that counseling on debt management and loan repayment is also available to all students attending Avila University.
Detailed information about aid programs and the application process for federal, state, Avila and private assistance is available at www.avila.edu/financialaid.
Application Process for the 2014-2015 Academic Year Avila University uses the Free Application for Federal Student Aid (FAFSA) as its primary application for all federal and state financial aid programs; no supplementary applications are required. Students are encouraged to apply online at www.fafsa.ed.gov. The FAFSA is completed using the student’s and parents’ federal income tax returns and should also include Avila University’s School Code (002449). When possible, students should utilize the IRS Data Retrieval Tool to import their tax information from the IRS’s database into the FAFSA. Avila University does not have established deadlines for processing financial aid. However, students are encouraged to file the 2014-2015 FAFSA as soon as possible after January 1, 2014. Several types of funds are limited and thus awarded on a first-come, first-served basis. Note: Missouri residents must file the FAFSA by April 1, 2014 in order to qualify for the state Access Missouri Grant. Financial Aid awards will be communicated to the student via the Financial Aid Award Letter; newly enrolling freshman and transfer students will receive a hard copy award letter by mail to the address submitted on their FAFSA, continuing students and all students enrolled in the Avila Advantage program will receive their award letter via email to their University email address. The student is then expected to confirm acceptance of the offer of financial aid by returning to the Financial Aid Office a signed copy of the award letter. Generally, the initial offer of financial assistance delineated in the award letter is nonnegotiable. The financial aid package may, however, be altered as a result of one or more of the following conditions: • Changes in the student’s housing status • Changes in the student’s enrollment (i.e., credit hours) status • Lack of satisfactory academic progress • Receipt of financial aid from an outside source • Discrepancies noted as a result of the verification process (Note that the U.S. Department of Education randomly selects one in three FAFSA applications for verification. The verification process entails the comparison of actual financial aid data to that supplied on the FAFSA. Students selected for this process will be notified by the Financial Aid Office and additional documents may be requested.)