General Policies Relating to Financial Aid
Renewal of Awards:
The college reserves the right to renew its scholarship commitments from any College funding source. Students are required to meet specific criteria to be eligible for renewal of the scholarships awarded by the College. For specific detail please click here. Renewal of any Federal need-based aid is contingent upon a student's financial need as determined by the FAFSA (Free Application for Federal Student Aid), as well as availability of certain funds at the College. Examples of such funds are Federal SEOG, Perkins Loan, and Work Study.
Awarding Policy:
Augustana's commitment as a residential college is affirmed by its policy of awarding financial aid that is intended to assist with direct educational costa for tuition, fees, college-owned housing and board. In general, a student's gift assistance from the College will be reduced by 20% if the student does not reside in college-owned housing..
Financial Aid Appeals:
Applying for Federal student aid can be challenging when your family's current ability to pay for college cannot be accurately reflected on the FAFSA. Families may request an appeal of the financial aid award in the even of unusual circumstances, which may include but are not limited to: income reduction, unemployment of a wage-earner, unusually high medical costs, divorce, natural disaster, etc. The Special Circumstances Form is available online by visiting our Forms page.
Satisfactory Academic Progress:
Students are expected to maintain satisfactory academic progress in order to retain eligibility for institutional as well as federal assistance. Students whose academic progress falls below certain standards will be placed on probation or dismissed from the College. The complete academic policy is outlined in theonline Catalog.
Refund Policy:
Students who withdraw from the institution will have 100% of their tuition and fees refunded during the first calendar week of the term. Beginning with the eighth calendar day of the term, tuition will be recalculated on a prorated basis. Room and board charges will be refunded on a prorated basis beginning with the first day of the term. Any financial aid credited to the student's account will also be adjusted. No refund is made after 60% of the term has passed. to review the complete policy please click here.