FINANCIAL ASSISTANCE
24-7 American University’s statement of policies, practices, and disclosures, with regard to Financial Assistance, is set forth in this Catalog’s Policies and Procedures Manual in the chapter on Financial Planning Policies and Procedures. 24-7 American University Financial-Assistance Programs are available through various private lending institutions that offer loans to help cover the cost of education. A co-signer may be required to meet the program’s credit criteria. Interest rates are variable and are typically based on the prime rate or the Treasury Bill. Program availability varies by student. Representatives from our Financial Planning Department will review options with each student and provide detailed program information as part of that process. Students must meet the eligibility requirements of these programs in order to participate. 24-7 American University administers its finance programs in accordance with prevailing federal and state laws and its own institutional policies. Students are responsible for providing all requested documentation in a timely manner. Failure to do so could jeopardize the student’s financial assistance eligibility. In order to remain eligible for financial assistance, a student must maintain satisfactory academic progress as defined in 24-7 American University’s Catalog. Satisfactory progress is checked at the end of each term of study when official transcripts of grades earned are prepared and reviewed. Students who fail to meet the standards of Satisfactory Academic Progress at the end of a term will be placed on Academic Probation. A detailed explanation of 24-7 American University’s satisfactory progress policy is available from 24-7 American University’s Catalog. Students may also finance their education through a private credit company utilizing a variety of payment schedules with varying interest rates. 24-7 American University also makes scholarship information available to students as these opportunities arise. Further information on financial assistance may be obtained from 24-7 American University’s Financial Services. 24-7 American University does not participate in federal and state financial aid program.
24-7 American University’s statement of policies, practices, and disclosures, with regard to Financial Assistance, is set forth in this Catalog’s Policies and Procedures Manual in the chapter on Financial Planning Policies and Procedures. 24-7 American University Financial-Assistance Programs are available through various private lending institutions that offer loans to help cover the cost of education. A co-signer may be required to meet the program’s credit criteria. Interest rates are variable and are typically based on the prime rate or the Treasury Bill. Program availability varies by student. Representatives from our Financial Planning Department will review options with each student and provide detailed program information as part of that process. Students must meet the eligibility requirements of these programs in order to participate. 24-7 American University administers its finance programs in accordance with prevailing federal and state laws and its own institutional policies. Students are responsible for providing all requested documentation in a timely manner. Failure to do so could jeopardize the student’s financial assistance eligibility. In order to remain eligible for financial assistance, a student must maintain satisfactory academic progress as defined in 24-7 American University’s Catalog. Satisfactory progress is checked at the end of each term of study when official transcripts of grades earned are prepared and reviewed. Students who fail to meet the standards of Satisfactory Academic Progress at the end of a term will be placed on Academic Probation. A detailed explanation of 24-7 American University’s satisfactory progress policy is available from 24-7 American University’s Catalog. Students may also finance their education through a private credit company utilizing a variety of payment schedules with varying interest rates. 24-7 American University also makes scholarship information available to students as these opportunities arise. Further information on financial assistance may be obtained from 24-7 American University’s Financial Services. 24-7 American University does not participate in federal and state financial aid program.
