Catalog of Abilene Christian University, 2007-2008 Page: 18
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18 Financial Information
18 Fnnilrnomto
ACU's student employment staff assists in bringing on-campus
and off-campus employers and prospective student workersFinancial Information
Michael Lewis, Director of Student Financial Services
ACU Box 29007; Abilene, Texas 79699-9007
Welcome Center, Zellner Hall, Room 100
Phone: 325-674-2300 (in Abilene) or 888-588-6083 (outside Abilene)
Fax: 325-674-2963
Email: depot@acu.edu
Web: www.acu.edu/admissions/scholarships
Abilene Christian University is a non-profit institution. All funds
from student charges are spent for student services. Other funds
for operational expense come from endowments and gifts from
concerned individuals and organizations. As a policy, auxiliary
operations such as cafeterias, housing and bookstores are
self-supporting.
The Board of Trustees has charged the executive vice president with
the responsibility of enforcing all regulations for student accounts.
If a student is of legal age, he or she is deemed to be the
primary party liable for his or her financial obligation. All
monies collected from students by any person or organization shall
be held under the direction of the executive vice president.
A schedule of charges detailing current tuition, fees, meal plan costs
and residence hall room rent may be obtained from either the
Admissions Office or the Student Financial Services Office.
Financial Aid
Abilene Christian University maintains a comprehensive program of
financial aid. Financial planning and consultation to help students and
their families meet the expenses of a college education is available.
The primary responsibility of financing a college education rests upon
students and their families. Assistance from ACU and other sources
should be considered as supplementary to the primary responsibility
of the student and the family. ACU strives to supplement student's
needs by planning a combination of grants, scholarships, loans and
work-study to eligible students. ACU attempts to distribute all
financial aid resources in an equitable manner and following the
guidelines established for federal, state, and institutional funds.
Financial aid application forms are sent to each student who applies
for admission to ACU. These forms should be returned by March 1
for fall enrollment and by November 1 for spring enrollment. Late
applicants may find that certain forms of grant and scholarship
funds are depleted by the time their applications are
submitted to the Student Financial Services Office.
Students must make satisfactory academic progress in order to
maintain eligibility for financial aid. The minimum acceptable
cumulative grade point average requirements are 2.0 for
undergraduate students and 3.0 for graduate students. Additionally,
all students must earn a cumulative minimum of 75 percent of the
hours attempted. Satisfactory academic progress is generally
measured once each year at the end of the spring semester. If a
student fails to meet the requirements during the fall and spring
semesters, summer courses may be counted in order to determine
eligibility for aid.
Students who fail to meet the satisfactory academic progress standards
may file an appeal to the Student Financial Services Office. The appeal
must be filed prior to the start of the term for which financial aid has
been denied. If a student withdraws from the university after being
declared ineligible for aid, they are required to file an appeal for aid
at whatever point they are readmitted. Only those appeals that are
approved by the Student Financial Services Office will be deemed
eligible for financial aid.
Work-Study
Students may want a part-time job to assist in meeting their financial
obligations. Many students find off-campus jobs in Abilene businesses,
and approximately 900-1,000 are employed by ACU each year.your charge over four months. For example, in the fall term, set
the plan up in August to pay your charge over August, September,
October, and November. Each semester an enrollment fee is chargedtogether. After enrolling, students should contact the Office of
Career and Academic Development for assistance:
Matt Boisvert, Executive Director
ACU Box 28180; Abilene, Texas 79699-8180
McKinzie Hall, Room 17
Phone: 325-674-6400
Email: ocad@acu.edu
Web: www.acu.edu/ocad
Student Loan Program
ACU participates in the following student loan programs:
* Federal Stafford Loans (subsidized and unsubsidized)
* Federal Perkins Loans
* College Access Loan (Texas residents only)
* Federal PLUS Loan (for parents of dependent
undergraduate students)
* Alternative Loans
* Grad PLUS Loans
Grants
ACU participates in the following grant programs:
* PELL - Federal Pell Grant
* SEOG - Federal Supplementary Educational Opportunity Grant
* ACG - Academic Competitiveness Grant
* NSG - National SMART Grant
For Texas residents only:
* TEG - Tuition Equalization Grant
* LEAP - Leveraging Educational Assistance Partnership
* SLEAP - Special Leveraging Educational Assistance Partnership
* Others as available
Need-Based Grants
A limited amount of financial aid is available for need-based grants.
Preference is given to those who apply early.
Scholarships
NOTE TO STUDENTS AND PARENTS: Scholarships for costs other
than tuition, books and required fees (i.e. room and board)
may be taxable to the recipient.
Awarding Philosophy
ACU awards entering freshmen students a specific amount of gift aid
based on the student's ACT or SAT score and the student's financial
need. All federal, state, and institutional sources of aid for which the
student may qualify will be used to meet the specific target amount.
Payment Plans
There are various plans that may be selected for account payment.
Annual Payment Plan
Pay the current total balance by the due date given on the first billing
statement of a new semester. Please be aware that this may not be
the final bill for the semester. Following are a few reasons why a
second bill may be necessary: adding or dropping classes, charging
books, actual and estimated financial aid changes, all estimated
financial aid does not pay to your account, incurring traffidlibrary
fines, etc. (Estimated financial aid is aid that will pay to your account
after you have completed all necessary requirements.) A late charge
will be assessed on all payments not received and processed by ACU
on the due date. The charge is 1.242 percent monthly (14.9 percent
annually) on the amount past due.
Quarterly Payment Plan
By going to "Wildcat Pay" on my.ACU, you may go on-line during the
first month of the semester to set up a payment plan that will spread
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Abilene Christian University. Catalog of Abilene Christian University, 2007-2008, book, 2007; Abilene, Texas. (https://texashistory.unt.edu/ark:/67531/metapth284696/m1/20/: accessed April 24, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Abilene Christian University Library.