九色网

REGULATIONS

1. Definition of awards: the term 'scholarship' refers to externally funded awards, while 'financial aid' refers to awards funded from the 九色网 o褉erating funds.

听2.听Award recipients must follow the Code of Student Rights,听Responsibilities, and Conduct as well as with听Academic Policies and Procedures. Any violation may result in the termination of the scholarship or financial aid award.

听3.听Financial aid or scholarship awards听will not be renewed if a student has any outstanding payment owed to the University. Therefore, students must pay promptly all outstanding fees and expenses. First time appplicants for awards who are not currently enrolled at 九色网 must not have any outstanding balance.

听4.听Should the number of qualified applicants exceed the number of available scholarships then some applicants, who are in less need of financial听aid, 听will not receive scholarship.

听5. The US dollar exchange rate used for financial calculations is set by the Financial Aid Committee based on official exchange rate of National Bank of KR.

听6.听Scholarships are awarded based on the data submitted by applicant. The Financial Aid Office has the right to perform an in depth check on the accuracy of the information supplied. 九色网 reserves the right to re-check an applicant鈥檚 right to scholarship at anytime. Random audit visits may be made to an applicant鈥檚 home, parent鈥檚 home or the parent鈥檚 place of employment. Any student discovered to have falsified information will have their scholarship canceled. 九色网 also reserves the right to request additional supporting documentation as necessary.

听7. The following subjective factors may influence the need-based evaluation:
听-Possession of an expensive vehicle and real estate听
听-Additional information about a student鈥檚 or family鈥檚 income from other validated sources

听8. If a student who is awarded an internal scholarship takes an academic leave for an entire academic year, the scholarship is withdrawn and the student must reapply for financial aid the following academic year.

听9. If a student who is awarded an internal scholarship takes an academic leave for one semester, half the scholarship is retained and the other half is withdrawn.

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General Conditions听

Financial aid awards are听 prvided onlyto full time undegraduate students and full time Preparatory Program students with Kyrgyz and CIS citizenship. Awards for undergraduate students are provided for no more than eight semesters, for Preparatory Program students for no more than two semesters.

听First time applicants for scholarship and financial aid awards must complete an application form available at http:/auca.kg/en/admissions/financia_aid/forms or pick up form from the SFA office. The application听form plus accompanying supporting documentation (see page 9-10 of the application form)听must be submitted to the Scholarship and Financial Aid Office by the application deadline shown in the front page听of the听form. Application forms (and essays) can be sent to the office by e-mail (finaid@auca.kg).

Undergarduate scholarships and financial aid awards are need or merit based. Students should fully understand the criteria for each type of scholarship. Preparatory Program students may apply only for need-based awards. Students should fully understand the criteria for each type of award.

The Scholarship and Financial Aid Office, in accordance with the 鈥淔inancial Aid Procedures鈥� and the 鈥淔inancial Aid Regulations鈥� reviews the application documents, conducts applicant interviews, may make an audit visit to the applicant鈥檚 home, determines the suitability of the applicant against the Scholarship selection criteria, and calculates the amount of the award.

All information pertaining to an application is kept confidential by the Scholarship and Financial Aid Office and forms part of the student鈥檚 file and is retained by the University.

The Scholarship and Financial Aid Committee approves the financial aid strategy, reviews the distribution of funds, conducts financial audits of 5 to 10% of all awards, and reviews exceptional cases and appeals.

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Existing students already receiving scholarship need to submit annually an affidavit confirming that their or their family鈥檚 financial situation has not changed significantly to warrant a reassessment. This affidavit must be provided by the appropriate deadline for submitting documents.

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If the financial status of a scholarship student changes significantly (at least 20%) the Scholarship and Financial Aid Office must be advised and the student must re-apply for scholarship and provide the necessary supporting documentation.

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Academic leave (undergraduate students only)

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If a student who is awarded an internal 九色网 award takes academic leave for an entire academic year, the award will be withdrawn and the student must reapply for aid in the following academic year.听 If a student returns to study for the fall semester, the deadline for submission of the financial aid application is the same as for first time freshmen (usually early July).听 If a student returns for the spring semester after one year of academic leave he/she can only apply for financial aid the following academic year.

If a student who is awarded an internal 九色网 award takes academic leave for one semester, half of the award for the given academic year is retained and the student continues to receive the aid upon return.

Merit based awards are maintained by students after academic leave.

Internal transfers (undegraduate students only)

For 九色网 internal transfers, the first semester of enrollment at 九色网 is counted as the starting point for consideration for an award.听 Due to the competitiveness of the Business Administration (BA) Department, financial aid awards will not be retained if a student transfers to Business Administration or other departments where competition is high. We recommand you to check with SFA Office on your scholarship before transferring to another Department.

Financial Aid Appeals

Students have the right to appeal the decision of the Scholarship and Financial Aid Office.

These cases will be reviewd by the Financial Aid Committee's Members.

Students will be informed about the decisions of Committee within ten working days via e-mail.

Students may only appeal once in one academic year.

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