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We believe a student should consider the advantage of a private college when choosing an institution of higher education. Realizing the cost of higher education today, Friends University makes every effort to enable all students to attend regardless of financial resources, age, sex, marital status, physical handicap, race, religion and/or national origin. Financial need may be met through a combination of federal, state and institutional financial aid programs. Friends University provides financial counseling and encourages campus visits by students and parents to discuss financial planning. If additional information is desired, students should direct their questions to the Financial Aid Office.
THE FOLLOWING GENERAL RULES APPLY TO FINANCIAL AID AWARDS:
- To be eligible for financial aid, students are required to be fully admitted to the University and enrolled in a program leading to a degree.
- Financial need and availability of funds are primary factors in determining awards. Most awards are for one year and are always made on a full-time basis.
- Federal aid is prorated when enrollment is less than full time.
- State aid requires enrollment in a minimum of 12 credit hours a semester in a standard term program.
- Institutional aid requires enrollment in a minimum of 12 credit hours a semester in the traditional undergraduate program.
- All awards are to be used for educationalrelated expenses.
- Financial aid will be forfeited by a student who has been dismissed for academic reasons or failed to comply with the satisfactory academic progress policy.
- Discrimination is prohibited – refer to the non-discriminatory policy.
Application Procedures for Financial Aid
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- A need analysis is required for aid from federal or state programs. Complete the Free Application for Federal Student Aid (FAFSA).
- A Friends University student data form is required for all financial aid programs. NOTE: Contact the Financial Aid Office for more information.
- Students tentatively admitted to the University are not eligible to receive financial aid.
- Students fully admitted and provisionally admitted to the University are eligible to receive financial aid.
- Students conditionally admitted to the University are eligible to receive financial aid. However, financial aid may be limited. Contact the Financial Aid Office regarding your individual file.
Satisfactory Academic Progress Policy
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A student must make satisfactory academic progress toward a degree to be eligible for financial aid. Friends University’s policy for satisfactory academic progress is in accordance with Federal guidelines.
Full-time students must earn a minimum number of credit hours in conjunction with number of years of enrollment as defined as follows. Part-time students will be expected to make the same proportional progress as fulltime students. Students must earn a cumulative grade point average in accordance with academic classification.
Eligible students may receive aid up to a maximum of 1.5 times the regular length of time required to complete a degree as defined by the academic program. Students are required to complete 67 percent of all attempted hours to maintain eligibility to receive federal financial assistance.
Incompletes: will not be counted as credit earned. One semester is allowed to finish incomplete work.
Probation and suspension standards: Refer to the academic policies section.
Awards from institutional programs require a student to maintain satisfactory academic progress and meet renewal requirements.
Appeal Procedure: If a student fails to meet satisfactory academic progress requirements and believes unusual circumstances warrant a review, the student may make a written appeal to the Financial Aid Office.
- Write a letter of appeal to the Director of Financial Aid explaining the circumstances, including supporting documentation.
- Appeal must be made no later than two weeks prior to the enrollment period in which aid would be affected.
- Written notification will be made to the student.
Refunds: If a refund is due to a student for tuition, room and board, or other institutional charges, and the student received financial aid, a portion of the refund will be returned to the student aid programs in accordance with federal guidelines. Refer to Refund Policy and Repayment of Title IV Funds.
Student Account Services calculates the initial refund based on the refundable charges and the date of withdrawal. Refer to the University refund schedule.
Disbursement: Scholarships, grants and loans will be disbursed as a credit to the student’s account either by direct deposit or by endorsement of check(s). Direct deposit transactions will be made when the 100 percent (100%) refund period has expired for the enrollment period or when nontraditional term students begin their sixth credit hour.
Federal Grants and Loans
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Teach Grant
A non-need-based grant that provides up to $4,000 per year to students who are enrolled in an eligible program and who agree to teach in a high-need field, at a low-income elementary or secondary school for at least four years within eight years of completing the program for which the TEACH grant was awarded. If the grant recipient fails to complete the required teaching service, the TEACH grant is treated as a Federal Direct Unsubsidized Stafford Loan.
Federal Stafford Student Loan
A long-term, need-based loan for eligible students. To determine eligibility you must complete the Free Application for Federal Student Aid (FAFSA). In addition, a master promissory note must be completed and returned with the official award notification letter.
Federal Additional Unsubsidized Stafford Student Loan
A long-term, no-need loan for independent students. To apply you must first determine eligibility for the Federal Stafford loans by completing a Free Application for Federal Student Aid (FAFSA). In addition, a master promissory note must be completed and returned with the official award notification letter.
Federal Graduate PLUS Loan
A long-term, no-need loan for graduate students. To apply you must complete a promissory note.
Off-campus Employment
The Center for Student Success at Friends University assists students in finding full- and part-time employment. Many businesses and industrial employers list jobs with the Center for Student Success throughout the year. Students can access these jobs by visiting the Center or on line at www.ecampusrecruiter.com/friends.
On-campus Employment
Friends University provides a variety of oncampus employment opportunities for students with or without federal work study. On-campus positions are posted at the Center for Student Success or on line at www.ecampusrecruiter.com/friends.
Federal Work Study Program
Eligibility for the federal work study program is based on financial need. Students must complete the Free Application for Federal Student Aid (FAFSA). For additional information, contact:
Friends University
Financial Aid Office
2100 W. University Ave.
Wichita, KS 67213
316-295-5200
apply4$@friends.edu
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