Amberton University has adopted the following Principles of Good Practice in Administering Financial Aid:
1. The purpose of any financial aid program – governmental or private – should be to assist students who can benefit from further higher education but who find it difficult to do so without some means of financial assistance. The primary purpose of financial aid received by students of Amberton University should be to cover educational costs directly related to the student’s attendance (tuition, fees, books, supplies, etc.) rather than to cover those expenses the student normally would have if s/he were not enrolled.
2. Financial aid should be awarded only after determination that the student’s resources are insufficient to meet educational expenses. The amount of aid offered should not exceed the amount needed to meet the difference between the student’s total educational expenses and the student’s resources.
3. All students must complete and submit the appropriate forms when applying for financial assistance.
4. All federal Title IV funds available for financial assistance and private loans shall be administered through the Financial Aid Office.
5. The Financial Aid Office shall maintain adequate records to ensure proper administration of aid funds. This includes ensuring that aid given is not in excess of need and or the cost of attendance and that aggregate awards do not exceed total expenditures of funds under each program.
6. Selection of student to receive financial aid will be made without regard to age, sex, race, color, religion, sexual orientation, national origin, disability, or marital status.
7. All students applying for aid are required to apply annually for federal assistance.
8. An audit of the operations of the Financial Aid Office will be performed in accordance with the required accounting standards as a part of the University’s annual financial audit.