Award Process
The Financial Aid Office sends students award letters indicating the amounts and types of aid for which they are eligible. Students must return a signed copy of that award letter, indicating their acceptance or rejection of each type of aid offered.
Once award letter replies have been received by the Financial Aid Office and students have been admitted to an academic program, they are officially awarded and may register for classes using anticipated financial aid. Financial aid funds are posted to student's Extension School accounts after they register for and begin classes. Any financial aid in excess of tuition and fees is refunded within 14 days of the occurrence of the credit balance on the account. Refund checks are made payable to the student and mailed to his or her address on record.
Maurice S. Neustadt Loan Fund
This fund, established in 1992 through a bequest from Maurice S. Neustadt, provides short-term loans to students who have been officially awarded and are registered but whose financial aid has not yet been received. The loan takes ten business days to process and funds are not available before the first day of classes. Students may borrow up to $1,000 against anticipated financial aid (see above). The money received from this fund, essentially an advance on anticipated aid, can be used for books and living expenses. Students must repay this loan within two months. No interest is charged for this loan.
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