Impact of Withdrawal on Institutional Loans and Non-Institutional Scholarships if No Federal Aid is Involved
If a student withdraws during an enrollment period for which a University loan or scholarship, or a private loan or scholarship has been received and utilized to pay all or a portion of institutional charges (tuition, course fees, dorm charges, and meal plans), and no federal aid is involved, any excess funds (resulting from the reduction of institutional charges stemming from the withdrawal action) will be returned to each nonfederal loan or scholarship program according to the percentage of the total institutional charges originally paid by each scholarship or loan program. Institutional loans or scholarships are assumed to be the first payment source in this calculation method.
FOR MORE INFORMATION
For further information, contact The University of Alabama, Office of Loans Receivable and Collections, Box 870121, Tuscaloosa, AL 35487-0120, (205) 348-7663 or by e-mail at collections@fa.ua.edu. The Loans Receivable and Collections Office is located in 105 Student Services Center.