Types of financial aid

Loans, state grant assistance, scholarship programs, and loan repayment of forgiveness program listings. ATSU Enrollment Services does not participate in preferred lender arrangements, and has no preferred lender list for either federal or private loans.

Scholarships and awards

ATSU offers internal scholarships as well as connecting students with external scholarships.

• List of available scholarships and awards
• ATSU Diversity Scholarships

Work-Study

Work-Study provides part-time jobs for students with financial need, allowing them to earn money to help pay education expenses.

Loans

ATSU’s Enrollment Services assist students to find the right resources to fund their education. Available loan programs.

How to apply for aid

• Required criteria to apply
• Eligibility requirements

How loans are disbursed

• Receiving loan money

Sample loan repayment schedule

• Managing your debt
• View a sample loan repayment schedule (pdf)

How refunds are determined

Requirements for withdrawal (University Catalog), institutional refund formula, return of Title IV funds formula, policies and procedures for post-withdrawal disbursements.

Institutional Refund Formula – All students at ATSU will be assessed based on the date of course drop or program withdrawal. Program withdrawals will be processed using the Return of Title IV funds formula.

Return of Title IV Funds Formula - If a Title IV recipient withdraws during a payment period, the institution must calculate the amount of Title IV funds that was unearned by the student.

• Institutional Refund Policies
• Return of Title IV Funds
• Post Withdrawal Disbursement Policy

Rights and responsibilities of students receiving financial aid

Entrance and exit counseling, satisfactory academic progress, repayment, FAFSA verification. The following are listed under each school’s program:

• Entrance and Exit Counseling
• Satisfactory Academic Progress Policies
• FAFSA verification disclosures
• Loan responsibilities and repayment

Disclosure requirements

Information from the Department of Education, penalties for drug law violations, code of conduct for education loans, private education loan disclosure.

• Student loan information published by the Department of Education
  
• Notice of federal student financial aid penalties for drug law violations
• Code of conduct for education loans

Private education loan disclosure

ATSU offers a student Title IV federal financial aid up to the student’s cost of attendance. While there are many benefits to using federal loans, there are instances where federal loans do not cover a student’s cost of attendance. Private loans may present an opportunity to assist students with funding their education.

ATSU utilizes FASTChoice to deliver a preferred lender list. The lenders and loan options presented in FASTChoice were selected for the competitive terms and benefits they provide to borrowers. ATSU has worked with these lenders in the past, and previous borrowers have had positive experiences working with them.

Things to consider:

• Private loan annual amount: The cost of attendance minus any scholarships, Federal loans, Work-Study, and/or other aid received.
• Creditworthy: Approval of a Federal Direct Grad PLUS or private loan is contingent upon your creditworthiness.
• Interest rates and fees: Depending on the lender and loan opportunity, fixed and variable rates are available. A student’s credit score and/or having a cosigner may positively impact the rate offered to that student.
• As with all loans, students should read the details of each loan and ask the lender questions to make sure they fully understand the commitment they are making.

Students are free to choose any lender, including those not presented. Application processing will not be delayed unnecessarily if a student chooses a lender not presented.

Our officials are prohibited from accepting any financial or other benefits in exchange for displaying lenders and loan options in FASTChoice. Prohibited activities include: receiving compensation to serve on any lender board of directors or advisory boards; accepting gifts including trips, meals, and entertainment; allowing lenders to staff our institution's financial aid office; allowing lenders to place our institution's name or logo on any of their products; and owning of lenders' stock (for college officials who make financial decisions for our institution).