STUDENT FINANCIAL RESPONSIBILITY AND STUDENT AID

The University recognizes its role in fostering personal initiative, planning, and responsibility in financial affairs as an integral part of the educational process.  The administration believes each student has the primary responsibility for arranging financing and payment of his or her charges.  Each student will, therefore, be held responsible for his or her bill.  Asher University maintains an Office of Financial Aid to make every effort possible to provide financial aid to any deserving student eligible to attend the Institution.  This aid may be in the form of scholarships, grants-in-aid, loan, or work study.  Further, this office aids the student as much as possible in his or her application for funds available from federal government programs, from state vocational rehabilitation offices, and from other agencies and organizations.

Processing of Financial Aid

Financial aid will not be disbursed until the University add/drop period is completed and student enrollment is verified.  Financial aid is based on student enrollment status as of the last day of the add/drop period.  In addition, all required documentation must be received (e.g., tax forms) before aid will be released for individual students.  All financial aid administered by the University must first be used to cover University charges; refunds of financial aid will not be given to students until all semester charges are satisfied. All grants and scholarships are credited directly to students’ accounts.  Loan checks for Federal Stafford, Perkins, and PLUS loans must be endorsed by the borrower, if required, and submitted to the University cashier so that the loans can be credited against charges.  Loan checks may not be deposited into private checking or savings accounts, or otherwise negotiated by students.