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Financial Aid

Securing resources to fund an education is necessary for many students.

Avila University aims to provide education, guidance and support to all students, and their families, throughout the financial aid process.

The Financial Aid Office is located on the upper level of Blasco Hall. Should you need to visit with a member of the staff outside of posted office hours, please contact us at finaid@avila.edu to make arrangements.

Forms & Documents

2016-2017 Forms

Some forms are not available online. If you need a form not listed below, please contact the Financial Aid Office.

Entrance Counseling**

IRS Data Retrieval Tool Instructions

Low Income Support Statement

Master Promissory Note**

Satisfactory Academic Progress Appeal Form

Thank You & Bio - Students will be contacted in August to complete this requirement

Tuition Remission Benefits Application – Faculty, Staff, & Graduate Assistants

V1 Dependent Verification Worksheet

V1 Independent Verification Worksheet

Loan Comparison Sheet

PLUS Max Amount Form

Master Promissory Note, Entrance Counseling instructions

**These requirements can be completed online at www.studentloans.gov using your FSA ID.

2015-2016 Forms

Summer Aid Application

Entrance Counseling**

I-9 Employment Packet

IRS Data Retrieval Tool Instructions

Low Income Request Form

Master Promissory Note**

Satisfactory Academic Progress Appeal Form

Tuition Remission Benefits Application – Faculty, Staff, & Graduate Assistants

V1 Dependent Verification Worksheet

V1 Independent Verification Worksheet

Loan Comparison Sheet


**These requirements can be
 completed online at www.studentloans.gov using your FSA ID.

Documents may be faxed, mailed or delivered in person to:

Financial Aid Office 
11901 Wornall Rd 
Kansas City, MO 64145
fax: 816.501.2462 

Work Study Program

Work Study Eligibility

Federal and institutional work study eligibility is based on demonstrated financial need. To be considered for a work study award at Avila University, students should complete the Free Application for Federal Student Aid. Since work study funds are limited, file the FAFSA as early as possible.

If a student is not awarded work study as part of the initial award package, contact the Financial Aid Office to be placed on the waiting list. If a student is subsequently awarded a work study award, he or she will receive a revised award notification.

HOW TO FIND A JOB

1. Set up account at College Central Network.  (Click on Students, Create Account.)

2. Once logged in click "Search Postings to My School".

3. Scroll to the bottom and Select Work Study under types of jobs.  (no other fields need filled out)

4. Begin search.

5. Contact Supervisors of jobs you are interested in.  Resumes, cover letters and interviews may be required.

Applying for Aid - Checklist

Financial Aid Checklist

  1. Complete the FAFSA (Free Application for Federal Student Aid) by February 1st each yearRemember, the FAFSA is free — do not pay for it!
  2. Complete the FAFSA as soon after October 1st as possible. Some financial aid is determined on a first-come, first-served basis so complete the application early. Make sure to include the Avila University school code: 002449
  3. Monitor your personal and Avila email accounts. Requests for additional information, supplemental documentation and Financial Aid Award notices will be emailed to you.
  4. Review your Financial Aid Award Letter (once received via mail or Avila email), sign and return it to the Financial Aid Office promptly.
  5. If additional information or documentation is requested, provide it as soon as possible to ensure there is no delay in the processing of your financial aid.
  6. Apply for additional scholarshipsContinue searching for scholarships throughout the year as new scholarships are posted regularly

IMPORTANT TIPS for a smooth application process:

  • Apply early, read information sent to you, and respond quickly to requests for additional documents.
  • Apply by the application deadlines to be considered for all aid programs.
  • Keep copies of your applications and materials in a file with other important papers.
  • Avila University sends all important information via email, so check your email regularly.
Student Loans

Types of Student Loans

Student loans can come from the federal government (Federal Direct Loans) or from private sources such as a bank or financial institution.  

It you decide to take out a loan, make sure you understand who is making the loan and the terms and conditions of the loan, as loans must be repaid.

Federal Direct Loans

Federal Direct loans are fixed rate student loans, that are applied for by completing the FAFSA each school year.  

  • The Financial Aid Office awards Subsidized Loans, Unsubsidized Loans, or a combination of both based on financial need.
  • Federal Direct Subsidized Loans are based on financial need, and the government pays the interest while the student is in school, in grace or deferment status.
  • Federal Direct Unsubsidized Loans are not based on financial need, and the interest is the borrower's responsibility.
  • Undergrad student's interest rates from 07/01/15 - 07/01/16 are 4.29%, Graduate student's interest is: 5.84%

Before receiving Federal Loans, first-time borrowers must complete the following at StudentLoans.gov

    1. Loan Entrance Counseling
    2. Master Promissory Note

Other Resources - Loan Comparison

You may need funds in addition to your student's Federal Direct Loans to pay for your student's education.  Please also look into outside scholarships and the Business Office's payment plan to reduce future loan debt.  When deciding on what type of education loan best fits your needs, please use the above listed Loan Comparison sheet.

Federal Direct Parent PLUS Loan

The Federal Direct Parent PLUS Loan is available to parents of dependent undergraduate students. Parents can apply online Here.  Applications can be submitted after May 1st.

Private Loans - Private Lender Applications

Private/Alternative Loans are managed through private lenders such as banks or credit unions, and are credit based.  Use the above list to see the lenders we work with most often, or to submit an application.

  • These loans can be borrowed in the student's name, and will usually need a creditworthy co-signer.
  • Parent's can apply for a loan in their name, these are called Private Parent Loans.
  • In some situations a creditworthy extended relative or friend can apply as the borrower. 
  • International students can apply with a creditworthy U.S. citizen or permanent resident co-signer.
  • You are welcome to apply for a private student loan through an institution not on our list.
Grants

Types of Grants

Grants are awards that do not have to be repaid. The most common grant awarded to Avila University students is the Federal Pell Grant, a need-based grant awarded only to undergraduate students who have not earned a bachelor's or a professional degree.

Federal Grants – undergraduate students only

  • Federal Pell Grant
  • Pell Lifetime Eligibility
  • Federal Supplemental Educational Opportunity Grant (SEOG)*
  • Federal TEACH Grant*

State Grants

  • Access Missouri Grant – undergraduate students only
  • Bright Flight Scholarship
Payments & Refunds

Payments & Refunds

Tuition Deposit

For those students entering in the fall semester, a $200 enrollment deposit is due upon written notification of acceptance. This deposit is non-refundable after May 1. For those students entering in the spring semester, a $200 enrollment deposit is due and is non-refundable after January 1.

Deposit will be credited to the student’s account in the Business Office and deducted from the first semester’s expenses.

Payment of Accounts

All accounts must be paid in full by the payment due date indicated on your tuition invoice or arrangements must be made to pay in installments through Avila’s Deferred Payment Plan. Avila accepts Visa, MasterCard, American Express, Diner's Club and Novus Network (Discover).

Financial Aid and Loan Recipients

In order for financial aid awards to be applied to the student’s account, all necessary documents must be signed and submitted to the Financial Aid Office.

If, at the time of registration, the loan proceeds (wire transfer or check) are not in the Business Office, the student will be responsible for any payment due. Perkins Loan recipients must sign the loan papers in the Business Office during the first week of classes. In the event there are other loans, such as Stafford, they may be signed according to the regulations noted under the catalog section Credit Balance Refunds. Loan proceeds must be applied to any balance due and any resulting credit balances will be refunded as noted under Credit Balance Refunds.

Please remember: Loans of any type MUST BE REPAID whether or not you graduate or are satisfied with the education you receive.

Deferred Payment

Through Avila’s Installment Payment Plan, the tuition, fees, room and board balance, after accepted financial aid is applied, may be paid in five equal installments throughout the semester. The first payment (20% of balance due) is payable approximately seventeen days prior to the date of the first class or at the time of registration with the balance payable in four equal installments during the semester. A $50 enrollment fee for the plan is charged, and, if payments are not made on or before the due dates, a late payment penalty is assessed. HAVING SOME PORTION OF THE PAYMENT DEFERRED DOES NOT CHANGE THE STUDENT’S RESPONSIBILITY FOR THE TOTAL CHARGES DUE.

Late Payment Penalties

Failure to make arrangements for any payment due on a campus account by the due date will result in one or more of the following actions:

  • Late payment penalty
  • A hold on the student’s record
  • Cancellation of the student’s registration

Paying a reinstatement fee may allow the student to be reinstated; however, the original classes cannot be guaranteed.

Refunds

In any instance of adding, dropping or withdrawing, the student must complete a Change of Program Form available in the Registration and Student Records Office and must process and return the form to the Registration and Student Records Office for the transaction to be complete. The date the form is returned to the Registration and Student Records Office the date of the transaction. The time periods for the adjustments commence with the first day of classes according to the academic calendar and not the beginning date of the individual courses. Laboratory fees are not refundable. Tuition will be adjusted for full-time and part-time students in accordance with the student’s classification as either a “first-time student at Avila” or “all other student” status. The procedures as outlined in the catalog shall be followed. Please refer to the current catalog for details.

Financial Report

The annual financial report is available upon request to the Office of the President. 

Policies

Policies

Withdrawing from Courses

If you are considering dropping or withdrawing from some or all of your courses, please contact the Financial Aid Office immediately regarding possible adjustments to your financial aid. Your current or future financial aid may be affected based on the federal regulations of Return to Title IV Funds and Satisfactory Academic Progress.

Satisfactory Academic Progress Policy

Keeping your aid eligibility depends on your progress toward completion of your degree program.

Please note that Satisfactory Academic Progress for Financial Aid Eligibility is different from the University’s Academic Probation and Dismissal Policy.

Federal regulations require universities to develop and maintain policies outlining continuing eligibility standards for students receiving financial aid. The Financial Aid Office at Avila University monitors the academic progress of every student at the end of each term to verify they meet federal and university standards. Students failing to meet this satisfactory academic progress (SAP) policy may have their financial aid suspended. Any student who fails to meet the following standards will be notified through their Avila University email account and in some instances a letter will also be mailed.

Note: Satisfactory Academic Progress for Financial Aid eligibility should not be confused with the University’s Academic Probation and Dismissal Policy.

Return of Title IV Funds

If you withdraw from the University or lose eligibility for financial aid due to a change in enrollment, you may be required to return all or a portion of the financial aid you received.

Money Minds

Money Minds

Money Minds is a team of Avila students and staff committed tohelping students make sen$e of their money”. We provide students and alumni with tools and resources to become financially fit in a variety of areas including:

  • Student loan planning and repayment
  • Budgeting
  • Credit use
  • Saving
  • Managing Debt
  • Transitioning financially to life after college
  • Buying or Renting a home/apartment
  • Purchasing a car

Follow us on Facebook (Avila Money Minds) for information on sponsored contests. If you have a specific question concerning the who, what, where or how  to financially prepare for life after Avila, contact the Default Prevention Coordinator at kevin.foster@avila.edu.    

Interested in building your credit?  Check out How to Build Credit for some helpful information!

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