The $50.00 Room Reservation and Damage Deposit may not fall below $25.00 while a student is in residence. The deposit will be forfeited if the student has not occupied the room by 5:00 p.m.  on  the  first  day  of  class. A residence  room  will  be  considered  vacant  unless  previous arrangements have been made. After  a  student  has  properly  checked  out  of  the  room,  the  Room  Reservation  and  Damage Deposit, less unpaid assessments, is refundable to the student under the following circumstances: •  Any new resident student who withdraws an application and who notifies the Residence Life Office in writing prior to June 15 for the Fall Semester and December 1 for the Spring Semester. •  Students withdrawing from the university at the end of the Fall Semester who notify the Residence Life Office in writing by December 1 for the Spring Semester. •  Students who do not sign a new contract and whose contract period expires. •  Returning resident students who request cancellation of their contract during the summer and who notify the Residence Life Office by June 15. Financial Report The annual financial report is available upon request to the Office of the President. Financial Aid Avila University believes that every student should choose a college based on the academic quality of the institution, not the cost. Therefore, our goal is to use financial aid funds to make Avila University an affordable choice for any student. Assistance With University Costs Avila University encourages you to apply for financial assistance through the Financial Aid Office,  located  in  Blasco  Hall.  You  can  reach  us  by  phone  (816)  501-3600),  e-mail (financialaid@Avila.edu), or by writing to us at the general University address. We can provide information on the application process for federal, state, and Avila monies, and answer your questions as they arise. Avila University is strongly committed to a two-fold financial aid philosophy: Equal Access:  Avila provides financial aid funds to assist qualified students, who, without such assistance, would be unable to meet their university costs. Recognition of Excellence: Avila offers significant additional institutional funds to recognize and encourage students who have superior academic records or demonstrate outstanding abilities. Application for Financial Assistance Since many of the monies available as financial assistance are limited, you should apply as soon as possible after January 1. Continuing students are guaranteed to receive all funds for AVILA UNIVERSITY 48