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Adler School of Professional Psychology Catalog 2008 – 2009

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Alternative Loans<br />

These are private loans and cannot be consolidated with Stafford Loans.<br />

Because they are not federal loans, they may be available to international<br />

students and students who do not file a FAFSA. Interest rates on alternative<br />

loans are not fixed and they can vary by lender and by the borrower’s credit<br />

rating. Alternative loans require credit approval; if credit is denied, an endorser<br />

will be required.<br />

Scholarships<br />

Scholarships are a form <strong>of</strong> gift aid and do not have to be repaid.<br />

Scholarships vary in amount and can be based on a student’s financial need,<br />

merit, community involvement or other criteria.<br />

• <strong>Adler</strong> Institutional Scholarships: <strong>Adler</strong> <strong>School</strong> funds a limited<br />

number <strong>of</strong> scholarships for both incoming and current students.<br />

Students must be enrolled full-time to receive a scholarship from <strong>Adler</strong><br />

<strong>School</strong>. For descriptions <strong>of</strong> these scholarships and application<br />

requirements, please refer to the following website:<br />

www.adler.edu/services/Scholarships.asp<br />

• Scholarships from Outside Institutions: The Office <strong>of</strong> Financial<br />

Aid posts any information we receive about outside scholarships in the<br />

“Office <strong>of</strong> Financial Aid” community on Scholar 360, <strong>Adler</strong>’s online<br />

student forum.<br />

Veteran’s Benefits<br />

Students eligible for U.S. veteran’s benefits should consult with the Office<br />

<strong>of</strong> Financial Aid. All funds are processed according to Title 38, Sections 1651<br />

and 1701, <strong>of</strong> the State Approval Agency for Veteran’s Education.<br />

Academic Progress Requirements and Probation<br />

In order to participate in Title IV federal assistance, federal regulations<br />

require that students meet certain academic criteria in order to remain eligible<br />

to receive aid. The <strong>Adler</strong> <strong>School</strong> requires students to maintain the following:<br />

• At least a 3.0 cumulative GPA for all course work attempted.<br />

• Completion <strong>of</strong> at least 70% <strong>of</strong> course work attempted at <strong>Adler</strong><br />

<strong>School</strong>. Successful completion is indicated by a grade <strong>of</strong> A,B,C, or P.<br />

Incomplete (I) or In-Progress (IP/CIP) grades do not count until<br />

changed to A,B,C, or P. Once the grade change goes into effect,<br />

it is the student’s responsibility to notify the Office <strong>of</strong> Student<br />

Financial Aid.<br />

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