St. Ambrose University 518 West Locust Davenport Iowa 52803 admit

General Information
Institutional Grants
Certain institutional grants are available to those
students demonstrating financial need who do
not have sufficient sources of other funds to
cover that need. All applicants are considered for
these grants.
Iowa Tuition Grant Program
Qualified undergraduate Iowa students may
receive financial assistance for attendance at a
private Iowa college. The amount of the grant
depends upon enrollment status.
Supplement Educational Opportunity Grant
This federal aid program is available to students
showing exceptional financial need.
Pell Grant Program
This government-financed program aids students
with unusual financial need who otherwise would
be unable to enter or remain in college.
Work-Study Program
This government program provides another
source of funds to assist students in obtaining
their college education. The program is based on
need.
University Employment
St. Ambrose has a number of opportunities for
part-time employment in the University to supplement
students’ financial assistance program.
Jobs also are available in the community through
the Career Development Center.
New Return of Financial Aid Title IV Funds
Policy Effective July 1, 2000
Important considerations before dropping a class
or withdrawing from school:
Students should consider consulting with an
advisor or counselor.
Students should consider a possible reduction
of financial aid.
Student refunds are computed by using:
1. The date the Records and Registration Office
receives a formal drop form from the student
or
2. The date the Records and Registration Office
receives a phone call from the student requesting
a drop.
Financial Aid Recipients
If any amount of tuition is paid by a Title IV
Program and the student withdraws during the
established return period, the Title IV program
funds will be returned in the following order:
Loans: Federal Unsubsidized, Federal Subsidized,
Federal Plus. Grants (& other): Federal Pell,
Federal Supplemental Educational Opportunity
Grant (SEOG) and other Title IV funds. The
Institution must return the funds as soon as possible,
but no later than 30 days after the institution
determines the withdrawal date.
New Return of Title IV Aid Replaces Previous
Refund Policy
The law (sections 485 of the Higher Education
Amendments of 1998 –P.L. 105-244) now specifies
how St. Ambrose must determine the amount
of student financial aid program assistance that
you earn if you withdraw. St. Ambrose
University will apply this new regulation beginning
Fall semester 2000. The new law requires
that when you withdraw during a payment period
the amount of student Financial Aid program
assistance that you have earned up to that point
is determined by a specific formula. If you
received (or St. Ambrose University received on
your behalf) less assistance than the amount that
you earned, you will be able to receive those
additional funds. If you received more assistance
than you earned, the excess funds must be
returned.
The amount of assistance that you have
earned is determined on a prorated basis. That is,
if you complete 10 percent of the payment period,
you earn 10 percent of the assistance you
were originally scheduled to receive. Once you
have completed more that 60% of the payment
period, you earn all of your assistance. If a student
has earned more than the 60%, then no
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