What is financial registration?
- When ABU determines how much money a student owes ABU when registering for classes (and living in a dorm, etc.) during a given semester.
- When the student decides how to pay the money owed to ABU for a given semester.
- When the student makes the required initial payment when the initial payment is due.
- When the student’s academic enrollment is approved, and the student can attend classes (and live in the dorm, etc.)
When is the initial payment due?
- Financial registration must be completed, and the initial payment made on or before the last day of regular registration for a given semester.
What happens when a student does not complete financial registration?
- ABU takes the position that the student has decided not to attend and cancels the student’s academic enrollment (also requires the student to move out of the dorm, etc.)
- The student can reregister (a late registration fee will be charged) but is not guaranteed the same classes or schedule.
- The student will have to make the necessary payment arrangements and pay the initial payment by the end of the day when reregistration is done.
What are the payment options available?
- Cash, check, or credit card can be used to pay in person at the business office.
- Credit card payments can be made over the phone by calling the business office.
- PayPal payments can be made by logging into the student portal.
- Payment plans are available to spread out the payments over a semester.
- Federal Student Aid is available for those who qualify.
- Scholarships are available for those who apply and qualify.
What is required for Federal Student Aid?
- A FAFSA application must be completed and submitted to the U.S. Department of Education
- If the DOE requires verifications, those verifications must be completed.
- For a pending award to be applied to a student’s account, the FAFSA must be submitted at least 1 week before registration and required verifications must be in progress.
- Once verifications are complete, the student must approve the aid that is awarded within 1 week after the approval is requested.
- Once the student approves, the award will be applied to the student’s account.
What if a student changes his/her mind about using Federal Student Aid as a payment option?
- The day the student chooses not to approve and receive the Federal Student Aid award, the pending award will be removed from the student’s account.
- The total balance will become due immediately and payable that day.
- If the student chooses to not make the payment that is due, ABU will take the position that the student has decided to voluntarily withdraw from his/her classes (and move out of the dorm, etc.).
- The student will be blocked from classes (and requested to move out of the dorm) unless or until an agreed upon payment arrangement is made with the business office
What happens if a student fails to make timely payments on a payment plan?
- The first time a payment is not received by a due date, the student will be charged a late fee.
- If the payment that is late is not received by the next due date, then the student will be given a chance to “catch up” by making a double payment.
- If the student does not “catch up” by the next due date, ABU will take the position that the student has decided to voluntarily withdraw from his/her classes (and move out of the dorm, etc.).
- The student will be blocked from classes (and requested to move out of the dorm) unless or until an agreed upon payment arrangement is made with the business office.