Frequently Asked Questions

1. Because the first payment is due 10 days prior to the beginning of classes, will financial aid be applied earlier to my account?

2. How exactly does this policy help me get better access to the classes I need and want?

3. How is the UAB policy similar to other institutions in Alabama?

4. Will PACT (Alabama Prepaid Affordable College Tuition Program) funds be deducted from my account balance prior to the initial payment deadline?

5. I am a financial aid recipient. Can you show me an example of how the policy will affect students who receive financial aid?


1. Because the first payment is due 10 days prior to the beginning of classes, will financial aid be applied earlier to my account?
Students receiving need based financial aid, external funding (e.g. PACT, VA benefits, etc.), or scholarships will not be negatively impacted by these changes.

The full answer to this question depends on a student’s individual circumstances. For students who have received a financial aid award notification before the initial tuition payment due date, the answer is yes, they will have the amount of the award reflected on their tuition account earlier in the process than in the past.

 

For students who are first-time borrowers, the answer is that they must complete entrance counseling and sign a promissory note before a loan will be posted on the account.

 

Finally, the actual processing of any refunds a student may be eligible to receive will begin on the first day of classes.


2. How exactly does this policy help me get better access to the classes I need and want?
The current policy allows students to register for courses they may not be able to afford.  Many times these students will drop all their courses on the last day of the drop/add period once they have a full understanding of their financial commitments.  The classes they registered for and ultimately dropped were unavailable to other students who had the ability to pay for the cost of attendance.

The new policy ensures that all students commit to their schedules, which gives students a greater number of chances to get the courses they need. It also provides students more flexibility during the drop/add period by making seats that would otherwise go unfilled available in many key courses.

3. How is the UAB policy similar to other institutions in Alabama?
The new policy is essentially the same as that of some other major institutions. For example, both Auburn University and the University of Alabama also require a minimum payment of at least 50 percent of charges by 10 days before the first class day.

4. Will PACT (Alabama Prepaid Affordable College Tuition Program) funds be deducted from my account balance prior to the initial payment deadline?
Yes, any approved PACT funds will be credited to your account balance prior to the initial payment deadline. Students eligible for PACT funds do not need to contact Student Accounting for them to appear as anticipated aid on your account. If you have a question about how much remaining funding you have available through PACT, you should contact their office directly.

5. I am a financial aid recipient. Can you show me an example of how the policy will affect students who receive financial aid?
Yes, the below example shows a sample student who receives financial aid:

 
 Financial Aid Example
Total Balance   $7,308
Tuition and Fees $2,903  
Meal Plan $1,905  
Residence Hall $2,500  
      
Total Due August 15
  $3,654 (50 percent)
     
Total Anticipated Assistance   $2,800
Financial Aid: $2,300    
               Pell Grant:     $1,400    
               SEOG:           $400    
               Scholarship:   $500    
Third Party Vendor: $500    
      
Actual Amount Due From Student*   $854
*(10 days prior to start of term)    
     
Total Balance: $7,308    
Total Due August 15: $3,654 (50 percent of total balance)    
Total Anticipated Assistance: $2,800    
Actual Amount Due from Student: $854