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Student Financial Services

Criteria for Selecting Recipients and Determining Award Amount

The student expense budget is determined each year by the Financial Services Director. Every effort is made to ensure that allowances in each category are realistic and fair. Periodically, students are given questionnaires to report their actual expenses in each category. This information is used in determining student budgets for the next academic year. Although the Financial Services Director determines the average student budget, students having credit history difficulties may not be able to borrow the full budgeted amount, due to the private loans being based on creditworthiness.

The 9 steps required for a student to receive financial assistance are as follows:

  1. The student completes the Free Application for Federal Student Aid (FAFSA) or a Renewal FAFSA by going to and following the instructions on the website. The A.T. Still University of Health Sciences school code is G02477.
  2. The Central Processing System (CPS) performs matches and edits, calculates a student contribution, and sends the data back to the processor.
  3. A.T. Still University of Health Sciences (ATSU) receives the information electronically within three to five business days.
  4. The student looks over the Student Aid Report (SAR) and, if accurate, keeps it for his/her records. If any corrections are needed, the student makes the appropriate corrections on the FAFSA website.
  5. Student Financial Services sends an electronic award letter to the student, along with instructions for completing the loan applications and other required forms.
  6. The student accepts, refuses, or modifies the award letter and submits all required forms to Student Financial Services.
  7. Student Financial Services looks over the required forms and performs verification if necessary.
  8. The lender wires the funds by Electronic Funds Transfer (EFT) to the school or sends the institution a loan check.
  9. All funds will be applied to the student's account. The refund will be directly deposited to the student's bank account if so desired by the student and proper documentation is on file. Otherwise, a check will be issued to the student.

Eligibility Requirements and Procedures for Applying for Financial Aid

Eligibility or unmet financial need is determined by subtracting a student's expected contribution from the student budget. The student's expected contribution is listed on the Student Aid Report (SAR), which is the output document the student receives after completing the FAFSA, and is based on the student's financial strength. Students may choose to receive financial assistance up to their unmet financial need. For example, if a student's budget is $40,000 and the expected contribution is $5,000, the student's unmet financial need is $35,000. The student may receive financial aid through scholarships, loans, etc., to arrive at this figure. (Note: Students may use the Unsubsidized Federal Stafford Loan or any private loan to replace their expected contribution.)  Every effort will be made to meet the student's need, but in some instances, the student may have to rely on parents or other outside resources. It is of critical importance to be creditworthy, as the Grad Plus and private loans require a credit check.

Methods and Frequency of Disbursements

Tuition is due twice a year for the residential students at ATSU and every block (4 blocks) for the online students. It is due at the beginning of each semester, block, or payment period. The tuition amount due each payment is half the cost for the entire year for residential students. Tuition may be paid any time during the week that it is due. Delinquent tuition penalties accrue at 1 1/2% per month, which is 18% per year.

Electronic Funds Transfer (EFT) Policy

The Department of Education is encouraging and, at times, requiring educational institutions to become paperless. Therefore, funds received through federal and private loans will normally be transferred electronically to a student's account at ATSU. Students will receive a receipt itemizing the type of loan and amount credited to their account at the institution. Funds electronically transferred above what is owed for tuition and fees will promptly be refunded to the student by check or deposited directly to the student's bank account. (Students that have lenders that do not wire money to ATSU will receive their financial aid through a co-payable check.) Generally, funds are available when tuition is due.

Direct Deposit

Many banks in states outside of Missouri make students wait 10 business days to tap their loan funds when deposited by check. Therefore, we require all students to use direct deposit where ATSU wires money to the student's bank account. This way, the money is available on the day it is wired to the bank.

Rights and Responsibilities of Students

Right and Responsibilities are issued as part of all loans requested.. 

Entrance Counseling

Students must complete Entrance Counseling upon matriculation at ATSU before any loan funds will be disbursed. Students complete this requirement at

Satisfactory Academic Progress

According to the United States Department of Education regulations, (34CRF 668/16 and 668.34 and October 29, 2010 Final Federal Register), all students receiving federal financial assistance must meet and maintain satisfactory academic progress. Student Financial Services will review the academic progress of financial aid recipients after each payment period. Satisfactory academic progress (SAP) is measured in terms of qualitative and quantitative standards. For more information please go to SAP Policy.

Terms of Loans

Unsubsidized Federal Stafford Loan

Amount: Eligibility varies depending on the course of study.

  • Medical or Dental Students. The Unsubsidized loan has a $32,000 maximum per year for a nine-month academic year. The aggregate for Subsidized and Unsubsidized loans during undergraduate and graduate studies is $224,000.
  • Non-Medical or Non-Dental Students. The Unsubsidized loan has a $12,000 maximum per year. The aggregate for Subsidized and Unsubsided loans during undergraduate and graduate studies is $138,500.

Interest: Interest begins accruing for the borrower when funds are made available to the student. The interest rate throughout repayment is fixed at the rate that was established when the borrower received disbursements. (Currently 6.21%).

Conditions: The borrower must fill out a FAFSA need analysis to determine their financial need and eligibility. This loan can be used to replace an expected family contribution. It is given out in two equal disbursements when tuition is due.

Repayment: The borrower has up to 10 years to repay this loan. Each borrower will go into repayment six months following graduation or withdrawal, unless the borrower qualifies for an economic hardship deferment.

Grace Period: Each borrower has a six-month grace period for the Unsubsidized Federal Stafford Loan. The grace period must be used up before the borrower is eligible for deferment or forbearance.

Federal Perkins Loan

Amount: Award amounts are $8,000 a year with the maximum aggregate at $40,000. Parental information must generally be submitted on FAFSA.

Interest: Interest does not begin accruing for the borrower until repayment begins. The interest rate is 5% and remains fixed throughout the life of the loan.

Conditions: The borrower must fill out a FAFSA need analysis to demonstrate financial need. This loan is given out in halves when tuition is due.

Repayment: Each borrower has up to 10 years to repay this loan. Borrower enters repayment following a nine month grace period immediately after graduation or withdrawal.

Fees: No origination or guarantee fee is taken out of the Federal Perkins Loan.

Federal Graduate PLUS Loan

Amount: Up to Cost of Education minus other financial assistance

Interest: Interest begins accruing for the borrower when funds are made available to the student. The interest rate throughout repayment is currently at 7.64%.

Repayment: The borrower has up to 10 years to repay this loan. Deferment and forbearance are available during post-graduate training.

Fees: 4.292% is shaved off of all PLUS funds as an origination fee this year.

For additional information on Federal loan terms, repayment options and a sample repayment schedule go to

Sample Repayment Schedule

Private Loans

Be very careful about borrowing private loans, as the lenders can change the terms of your loans since they are not federally insured.  They normally have higher interest rates (depending on your credit score), often cannot be consolidated, and cannot be forgiven if borrower ends up working in the Public Service arena.

Short-term and Emergency Loans

Students experiencing temporary cash flow shortages may receive short-term or emergency loans. These funds are intended to help students deal with unexpected expenses such as medical bills or major car repairs. Students sign a promissory note and pay back the loan when their financial aid is wired to the institution. Twelve percent simple interest is charged on all loans. Remember to allow for the decrease in the next financial aid disbursement when preparing a budget.

Exit Counseling

Prior to graduation, withdrawal, or dropping below half-time, all students at ATSU that received a federal loan must complete an exit interview.  Students complete the exit interview online at .

State Grant Assistance

Several scholarship and grant opportunities may be found on our Scholarship and Awards page for each school:

Arizona School of Health Sciences

Arizona School of Dentistry and Oral  Health

School of Osteopathic Medicine in Arizona

Kirksville College of Osteopathic Medicine