Adler School of Professional Psychology Catalog 2008 – 2009

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In the event a student is administratively withdrawn from the School, the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