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AmericaEvangelicalUniversityAmericaEvangelicalUniversity
Financial Aids

The FAFSA is a free application used to apply for federal student aid, such as federal grants, loans and work-study. AEU provides federal grants and helps students do their best to receive Federal Financial Aids to meet their eligibility.

Eligibility Requirements

  • U.S. citizen or eligible non-citizen
  • Have a high school diploma or GED
  • Must be enrolling in an eligible educational program
  • Working toward a degree
  • Making Satisfactory Academic Progress
  • Must not be in default or a previous federal educational loan or Pell Grant

Ineligibility

Those who already have a bachelor’s degree or have prosecuted by federal or state drug-related offense

Steps for Financial Aid

  • 1. Complete and submit your AEU application
  • 2. Complete your FAFSA form at www.fafsa.gov

Return of Title IV (Federal) Funds
1. For withdrawal

If you withdraw from the university and have received financial aid, any refundable amount of your institutional charges (tuition and fees) may be returned to the appropriate financial aid sources. You may be expected to repay the “unearned” portion of your financial aid if you withdraw from school or receive any combination of non-passing grades (F, N, W, or X) in all courses in a particular term. You are also required to complete exit counseling.

Your withdrawal date is the date that you inform a university official that you will be withdrawing from the university. This date is stored with the Office of the University Registrar and used to recalculate financial aid eligibility.

2. Overpayment Funds

Any amount of unearned grant funds that you must return is called an overpayment. The maximum amount of a grant overpayment that you must repay is half of the grant funds you received or were scheduled to receive. You do not have to repay a grant overpayment if the original amount of the overpayment is $50 or less. You must make arrangements with your school or the Department of Education to return the unearned grant funds.

Federal Student Aid Information Center

1-800-4-FEDAID (1-800-433-3243) Student Aid on the Web at www.studentaid.ed.gov .