Hardship Payment Arrangements

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Hardship Payment Arrangements

AURAK recognizes the necessity for broadening access to higher education for students facing financial hardship. New undergraduate students evidencing a high school standing of 80% or higher and new transfer students holding a CGPA of 2.50 or higher may be granted a semester financial hardship scholarship payment plan subject to documentation of need. Graduate students with a CGPA of 3.25 or higher may also be granted a semester financial hardship scholarship payment plan subject to documentation of need. In these cases, a four-month payment plan may be arranged with the Office of Finance. Hardship payment plans are not available for the summer terms.

Number Awarded	4 Month Payment Plan	Scholarship Payment Dates
Unlimited	Fall Semester	1 September, 1 October, 1 November, 1 December
Unlimited	Spring Semester	15 January, 15 February, 15 March, 15 April

In these cases, promissory notes will be issued. Appropriate signatures and payment arrangements will be required.

Number Awarded	4 Month Payment Plan	Scholarship Payment Dates
Unlimited	Fall Semester	1 September, 1 October, 1 November, 1 December
Unlimited	Spring Semester	15 January, 15 February, 15 March, 15 April