Students who pre-register and decide not to attend must cancel their financial aid award and pre-registration prior to the first day of class to avoid academic charges and penalties. When a student withdraws from ABU, they must first visit with the Dean of Students, Registrar’s office and the Financial Aid office to go through the withdrawal process. The date the student withdraws from ABU is used to calculate the Return to Title IV funds within 7 business days of the students departure, to see if the student will owe back any funds. The student must return any financial aid funds previously credited to their student account for that semester. Financial aid recipients who enroll and receive aid for a particular semester, then fail to complete more than 60% of that semester will have to repay part or all of the aid received for that semester. Additionally, any tuition, fees and room or board payments refunded by ABU as a result of a student's withdrawal must be returned to the financial aid programs in accordance with Federal law. Students who fail to complete the official withdrawal process but stop attending classes prior to the end of the semester and receive grades of "F" in all classes for that semester will also have to repay part or all of the aid received for that semester.
Up through the 60% point in each semester, a pro-rated schedule is used to determine the amount of aid to be repaid by a student who withdraws. No adjustments in financial aid are required for students who withdraw after the 60% point in a semester.
If you receive any student loan, you must complete a loan Exit Interview with the Financial Aid Office if you drop below 6 credit hours, fail to enroll for any long semester, graduate, or transfer to another school.
Transfer Students - Must cancel financial aid awards at the previous school you attended if those awards covered the same semesters you have requested financial aid with ABC.
Privacy Issues – The ABU Financial Aid Office will not discuss or release your financial aid information or records to any agency or person,including parents or spouse, without your written consent unless the agency is entitled, by law, to have access to the information. You may give written consent for your information to be released to another person or agency by submitting a Consent to Disclose Information Form.