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St. Ambrose University 518 West Locust Davenport Iowa 52803 admit

St. Ambrose University 518 West Locust Davenport Iowa 52803 admit

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General Information<br />

Aid Office.<br />

A detailed policy statement on financial aid is<br />

also available in the Financial Aid Office. Specific<br />

information is also available in the Financial Aid<br />

Office on the following institutional programs.<br />

Scholarships<br />

Seminary<br />

Seminary scholarships are available to students<br />

accepted by dioceses to study for the priesthood.<br />

Information on Seminary scholarships is available<br />

from the Seminary Department.<br />

General<br />

Scholarships are awarded for students with general<br />

and special abilities. These are given on the<br />

basis of academic achievement, need, talent and<br />

leadership ability.<br />

Once a student is awarded an academic scholarship,<br />

it will continue as long as the student<br />

meets Satisfactory Progress Requirements. Other<br />

awards are continued if financial need or aptitude<br />

in a special field still exists.<br />

Requirements<br />

To receive scholarship money, students need to<br />

be enrolled on a full-time basis (minimum of 12<br />

semester credits). The scholarship for first year<br />

students may be renewed for a maximum of four<br />

years. To renew the scholarship, students need to<br />

meet all of the established financial aid policies.<br />

<strong>St</strong>udents are encouraged to apply for all other<br />

types of financial assistance by completing the<br />

FAFSA form.<br />

Loans<br />

<strong>St</strong>udents may be eligible for a student loan<br />

assigned from the following sources:<br />

Federal <strong>St</strong>afford Loans<br />

Most students who are at least half time and eligible<br />

for financial aid may take out a Federal<br />

<strong>St</strong>afford Subsidized or Unsubsidized Loan.<br />

The Federal <strong>St</strong>afford Plus Loans are long-term<br />

loans made available to parents, non-traditional,<br />

and independent students to help pay college<br />

expenses for dependent students.<br />

<strong>St</strong>udents who need loan money to pay their<br />

bills should be aware of the time factor involved<br />

in the receipt of funds. It is imperative to file for<br />

financial aid and send all needed documents in a<br />

timely manner. Loans are processed only after<br />

receipt of a signed award letter from the student,<br />

and the student is registered for classes. After the<br />

student returns the signed promissory note, funds<br />

are received by the university.<br />

Perkins Loans<br />

The <strong>University</strong> is authorized by the federal government<br />

to grant loans if financial need exists.<br />

The availability of the loans is dependent upon<br />

federal legislation and available funds.<br />

Grants<br />

Alumni<br />

Persons who have earned an undergraduate or a<br />

graduate degree from <strong>St</strong>. <strong>Ambrose</strong> <strong>University</strong> will<br />

be entitled to a 50 percent tuition discount on<br />

undergraduate courses for which they register<br />

three or more years after the completion of their<br />

most recent <strong>St</strong>. <strong>Ambrose</strong> degree. The application<br />

for this discount is available in the Financial Aid<br />

Office.<br />

Persons who have earned a graduate degree<br />

from <strong>St</strong>. <strong>Ambrose</strong> will be entitled to a one-third<br />

tuition discount on graduate courses in their original<br />

graduate degree program and they may<br />

enroll anytime after the completion of their graduate<br />

degree. The application for this discount is<br />

available from the graduate degree program<br />

director and must be completed by the student<br />

and graduate degree program director.<br />

This discount may not be applied to the<br />

tuition for graduate courses by alumni whose<br />

previous degree was at the undergraduate level.<br />

<strong>St</strong>udents are not eligible if they are receiving<br />

any other form of tuition assistance (i.e. state,<br />

federal, employer assistance).<br />

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