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   FINANCIAL
   AID
FEDERAL TITLE IV PROGRAMS

Federal Title IV funds, or financial aid, are a combination of grants and loans. Grants are free money and do not have to
be repaid, whereas loans are borrowed money and must be paid back. AMU participates in and receives funding from the
following Federal Title IV programs:

  • Federal PELL Grant

    The Federal PELL Grant is a need based grant that does not have to be repaid. It is available to students who exhibit financial need.
Financial need is determined by the information you submit on your FAFSA (Free Application for Federal Student Aid) such as income
and asset information, the number of people in your family, the number of people in college, etc. Check with the Financial Aid Office
or one of the Federal financial aid websites to find out what the current year award amount is.
   

  • Federal Direct Subsidized Stafford Loan

    The Federal Direct Subsidized Stafford loan is a low interest rate loan, awarded on the basis of financial need. As a result, no interest
is charged as long as the student is attending school on at least a half-time basis, and during their six month grace period after they
stop attending at least halftime, withdraw, or graduate. The loan goes into repayment six (6) months after the student has stopped
attending at least half-time, withdraws or graduates. The amount of your Federal Direct Subsidized Stafford loan is based on your year
of study in college. Check with the Financial Aid Office or one of the Federal financial aid websites to find out what the amount is you
may be eligible to receive. The financial aid year is from July 1 to June 30 of the next year, so your loan will have a fixed lifetime interest
rate based on the above information depending on when the loan is disbursed (paid to the school or student). Federal Direct Subsidized
Stafford loans are only available to undergraduate students.
   

  • Federal Direct Unsubsidized Stafford Loan

    The Federal Direct Unsubsidized Stafford loan is a low interest rate loan, awarded regardless of need. In other words regardless of
income if all other eligibility requirements are met, the student is eligible. As a result, interest is charged from the time the loan is
disbursed (paid to the school or student) until it is paid in full. This includes the time the student is attending school, as well as during
the six month grace period after they stop attending at least half-time, withdraw, or graduate; for the life of the loan. Students have
the option of paying the interest while they are attending school and during the six month grace period, or allow it to be added to the
principle loan amount (this is called capitalization). Here at we highly encourage our students to pay their accruing interest so they do
not end up paying interest on top of interest, which is what happens when the loan is capitalized. The loan goes into repayment six (6)
months after the student has stopped attending at least half-time, withdraws or graduates. The Federal Direct Unsubsidized Stafford
loan is available to undergraduate and graduate students.
   

  • Verification

    In accordance to the procedures governed by the Higher Education Act of 1965 (34 CFR Part 668.53), verification is required for the
Federal Pell Grant and Federal Direct Stafford Loan programs.

When a student completes their FAFSA, the CPS (Central Processing System) may select them for verification. An ISIR (Institutional
Student Information Report) selected for verification must be dealt with immediately. No aid can be disbursed until verification has
been completed. In order for the selected student to receive their funding, verification must be completed within thirty (30) days from
the receipt of the ISIR. This date will be enforced at the discretion of the University.
  1. The ISIR is received showing either an asterisk (*) after the EFC (Estimated Family Contribution) figure, which means
    the student is flagged for verification, or a “C” after the EFC, meaning there is a C-code exception
  2. If it is an asterisk, the FAO must complete verification by having the student complete the Verification Worksheet
  3. If the student or FAO did not use the DRT (Data Retrieval Tool) when completing the FAFSA (Free Application for
    Federal Student Aid), a tax transcript must be requested to accompany the Verification Worksheet.
  4. If there is a “C” following the EFC as stated above, in many cases it is in regards to the C-code exceptions for Selective
    Service. The following must be done to clear this item:
    1. The student must complete the "Request for Status Information Letter" and return it to the FAO, or
      the student may contact the Selective Service directly at the number printed on the ISIR.
    2. If the FAO is able to establish no violation has taken place in regards to the student not registering for
      Selective Service from the information supplied by the student on the Request for Status Information
      letter, the letter may be placed in the student’s file and the financial aid hold on the student's funding
      in the system may be released.
    3. If the FAO is unable to establish whether or not a violation has taken place, the student may contact
      the Selective Service directly at the number printed on the ISIR and also mail the Request for Status
      Information Letter to Selective Service.
    4. A response will either be mailed to the student of the school.
    5. A review of the letter from Selective Service must be conducted
    6. In most cases the letter will state it is up to the school to make the decision as to whether the student
      will be eligible to receive Title IV funds or not.
    7. All information from the student must be reviewed to make sure the student was actually unable, not
      unwilling to register for Selective Service.
    8. If it is determined that student was actually unable (which is usually the case with students who are or
      eligible non-citizens at the time they should have registered, but are not U.S. citizens and because of
      their age, can no longer register, or because of hospitalization, incarceration, or institutionalization) to
      register at the required time, aid should be granted.
    9. If it is determined the student was seemingly unwilling to register, aid should not be granted.
    10. The refusal to grant aid based on the student's seemingly unwillingness to register must be documented
      with evidence and the reason given by the FAO and or the institution.
   


Mailing Address: 55 S. Raymond Ave., Alhambra, CA 91801
Admission Office: 2215 W. Mission Rd., Suite 280, Alhambra, CA 91803
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