Adler School of Professional Psychology Catalog 2008 – 2009
Adler School of Professional Psychology Catalog 2008 – 2009
Adler School of Professional Psychology Catalog 2008 – 2009
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The first time a student fails to meet either <strong>of</strong> these criteria, s/he will be<br />
placed on financial aid probation. If a student on probation again fails to meet<br />
either <strong>of</strong> these criteria in any subsequent semester <strong>of</strong> enrollment, the student<br />
will be ineligible to receive federal financial aid for the duration <strong>of</strong> his/her time<br />
at <strong>Adler</strong> <strong>School</strong>.<br />
Exception – If a student withdraws from courses mid-semester due to a<br />
medical condition, death <strong>of</strong> a family member, or another exceptional<br />
circumstance, s/he may appeal to the Office <strong>of</strong> Financial Aid to maintain<br />
financial aid eligibility. Medical or other documentation may be required.<br />
Registration Deadline for Financial Aid<br />
The budget guidelines for the <strong>2008</strong>-09 academic year allow students to<br />
receive enough financial aid to cover their cost <strong>of</strong> tuition and fees and receive<br />
a refund check <strong>of</strong> up to $8,316 per term. To ensure that student loan refund<br />
checks are distributed each semester in a timely manner, the Office <strong>of</strong> Financial<br />
Aid calculates students' financial aid budgets the week prior to the start <strong>of</strong> a<br />
term. If it is determined that a student has applied for more financial aid than<br />
his/her budget allows, the school will reduce the amount <strong>of</strong> disbursed student<br />
loans to fall within budget guidelines. For this reason, we strongly recommend<br />
that financial aid recipients finalize their registration at least two weeks prior to<br />
the start <strong>of</strong> a term. If a student adds courses after his/her financial aid budget<br />
has been calculated and any necessary loan reductions have been made, it is<br />
the student's responsibility to contact the Office <strong>of</strong> Financial Aid to re-request<br />
those funds. It can take four to six weeks after the student has re-requested<br />
funds for a refund check to be produced.<br />
Administrative Withdrawals<br />
In the event a student is administratively withdrawn from the <strong>School</strong>, the<br />
Office <strong>of</strong> Financial Aid is required by Federal Law to recalculate a student’s<br />
eligibility for financial aid awards. A calculation is used to determine the amount<br />
<strong>of</strong> “earned” and “unearned” aid based on the effective date <strong>of</strong> the<br />
administrative withdrawal. If a student completes 60% or less <strong>of</strong> the term, the<br />
Office <strong>of</strong> Financial aid determines the amount <strong>of</strong> “earned” aid based on the<br />
amount <strong>of</strong> the term completed. If a student completes more than 60% <strong>of</strong> the<br />
term, s/he is considered to have earned 100% <strong>of</strong> the awards disbursed for the<br />
term. “Unearned” awards must be returned to the lenders. The <strong>School</strong> and the<br />
student share the responsibility <strong>of</strong> returning “unearned” awards. The student is<br />
responsible for repaying the <strong>School</strong> for any balances owed as a result <strong>of</strong> the<br />
return <strong>of</strong> financial aid money.<br />
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