FINANCIAL AID AWARD TERMS OF AGREEMENT

In accepting your Financial Aid Award, you are certifying that you understand and agree to the following terms. Please read carefully.

  1. You Have a Right to Know!  Consumer Information can be reviewed at ashland.edu/consumer-information.

  2. Financial aid funds must be used solely for expenses related to attendance at Ashland University (AU).

  3. The University reserves the right to revise any portion of this Financial Aid Award: 1) if it is determined that the award is based on incorrect or misrepresented information; 2) if funding of federal/state programs change; or 3) for the reasons noted below.

  4. You must inform the Financial Aid Office of any additional resources that are or become available including grants, scholarships, or loans. Notification should include (whenever possible) a copy of any official documentation including the award name, amount, and number of years the student will receive the award. Per AU policy, aid from outside sources will be added to the student’s award. If necessary, federal work-study or need-based student loans may be adjusted.

  5. Your financial aid is awarded based on the enrollment (registered credit hours) and housing status you reported on your FAFSA. Please notify the Financial Aid Office of any enrollment, housing status, or meal plan changes to be sure your award is accurate. Students who enroll part-time, do not pay the comprehensive tuition rate, or live off-campus are not eligible for AU need-based aid. Note that undergraduate students attending main campus must be officially approved to live off-campus through the Residence Life Office.

  6. Receipt of this and future awards is contingent on your maintaining satisfactory academic progress. Ashland University’s Financial Aid Satisfactory Academic Progress Policy is available online in the AU Catalog and at ashland.edu/consumer-information. It is the student’s responsibility to be aware of and follow this policy.

  7. Your annual financial aid total represents all semesters of enrollment within the school year. Each semester’s award amount is listed under the respective semester (i.e. Fall, Spring, etc.).

  8. FEDERAL WORK-STUDY. If eligibility is included on your award, you may earn up to the amount listed through a work-study position on campus. Most positions pay minimum wage. The actual amount you earn is based on hours worked. It is your responsibility to secure a position. Job opportunities, the Student Employment Handbook, and other resources are available at ashland.edu/student-employment.

  9. OHIO COLLEGE OPPORTUNITY GRANT (must meet Ohio residency requirements). If you are eligible, the Ohio Department of Higher Education will send you a letter indicating your eligibility. Visit ohiohighered.org for more information.

  10. FEDERAL DIRECT LOANS. If your award includes a Federal Direct loan and you are a first-time borrower, there are required processes for you to receive your loan. To complete these requirements, visit ashland.edu/student-loans and follow the links under Federal Direct Subsidized and Unsubsidized Loan Required Process to complete your Master Promissory Note and Loan Entrance Counseling on studentloans.gov. All loans will be automatically processed prior to the semester. If you wish to reduce or decline your Federal Direct Loan, please notify the Financial Aid Office in writing by letter or email (financialaid@ashland.edu). 

  11. PRIVATE EDUCATIONAL ALTERNATIVE LOAN. To search for lenders and apply for a loan visit ashland.edu/student-loans, click on Private Educational Alternative Loan for Student or Parent, and then Private Loan Comparison List. This is not a full list of possible lenders, but a resource to start your search. Approved applicants may borrow up to the student budget assigned by AU less other financial aid.

  12. SCHAR LOAN. Students awarded a Schar loan must complete a Promissory Note, Self-Certification Form, and Approval Disclosure. If your award includes a Schar loan, you will receive these in the mail to complete prior to the start of the semester.

  13. FEDERAL PARENT PLUS LOAN (Parents of dependent students only). To apply, visit ashland.edu/student-loans and click on Federal Direct Parent PLUS Required Process for step-by-step instructions. This page will link you to studentloans.gov to apply for the loan, review interest rate information, and terms of repayment. New Federal Parent PLUS Loan borrowers must complete a Direct Loan Master Promissory Note at studentloans.gov.

  14. PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AWARD (must meet Pennsylvania residency requirements). If you are eligible, the PHEAA Commission will send you a letter indicating your eligibility. Visit pheaa.org for more information.

  15. The sum of your gift aid or benefits (i.e. veteran’s benefits) from any source may not exceed the cost of your charges from AU (including tuition, certain fees, room, and board). The sum of all assistance, including gift aid, loans, and student employment, may not exceed the total student budget assigned by AU. AU will also abide by federal regulations to ensure specified aid does not exceed a student’s demonstrated financial need. AU reserves the right to revise any award on which an error has been made.

  16. If you withdraw from school during a term, your repayment of aid received will be determined based on AU’s Refund Policy. The policy is available in the AU Catalog and online at ashland.edu/students/financial-aid.

  17. Financial Aid Awards are not automatically renewed. You must reapply and qualify for financial assistance each year.

  18. Report any changes in your financial, marital, or academic status to the Financial Aid Office.

  19. AU gift aid (AU Award, AU Grant, and Federal Supplemental Educational Opportunity Grant) is partially funded by endowed scholarships. Students selected for these scholarships may see a portion of their AU gift aid replaced by a named endowed scholarship with no increase in total gift aid.

ASHLAND UNIVERSITY PAYMENT INFORMATION

Online

Credit/Debit Cards

Payment Plan

Make an online payment through WebAdvisor. Service fees apply.*

Credit/Debit cards are accepted – Visa, MasterCard, Discover, American Express. Service fees apply.*

Setup a contract with CashNet through WebAdvisor to spread a semester balance over 5 months, interest-free.

*Service Fees: All credit/debit card transactions will be charged a 2.75% service fee based on the transaction amount. Electronic check transactions made online will not be charged a service fee.

 

Only students with a balance less than $1,000 will be allowed to register for subsequent semesters. Graduating students must have accounts paid in full before they receive their diploma. No person may have a transcript of his/her record until the account is paid in full. Interest will be charged on all past due balances at a rate of 1.5% monthly.