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Loan Procedures for Graduation:
Students who are graduating in June 2009 and had received a student loan from a bank through the AUB financial aid program must finalize their loan status prior to graduation as per procedures explained below for each bank.
 Graduating students who received loans from Bankmed-
- Graduating students who received loans from Byblos Bank
- Graduating students who received loans from Banque Misr Liban
DO NOT WAIT UNTIL THE DEADLINE TO FINALIZE THE PROCEDURE. You may need to solve an emerging problem and resubmit required documents. A delay in finalizing the loan may result in delaying your graduation.
Students who do not submit a clearance statement from the bank will not be cleared from AUB.
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 Bankmed Loan Procedures for Graduation:
Students graduating from AUB in June 2009 should finalize their loan procedures with Bankmed in the period of May 14-21, 2009. Meanwhile such students cannot obtain a clearance from AUB until they complete the required process. To do so, each student has to go to Bankmed- Movenpick Branch and once AUB obtains a clearance from the bank, the student's record will be cleared at AUB as well. The clearance will allow students to follow regularly AUB graduation procedures and receive their degree during the commencement exercises. If, however, a student is not cleared by the bank prior to the commencement he/she will not receive the degree on stage but instead an empty folder. The student may later collect his/her degree from the Registrar’s Office after being cleared. The final loan procedure involves the student and his/her guarantor with two options: 1- Settling fully the student loan Or
2- Converting the student loan into a personal one as per terms agreed between AUB and the bank (a lower interest rate than the applicable one over a 4-year period). Moreover, you may opt to accept the grace period of 6 months, which means that you can start your monthly payments 6 months after your graduation; however, the interest will be applied upon your graduation starting mid-June 2009. If you choose option 2 then, depending on your guarantor employment status, the following documents are required:
For employees
1- Recent salary attestation in original form signed by the employer showing the number of years of employment and duly certified by the Employer’s Bank.
2 -Latest Telephone and/or Electricity bill.
For Self-Employed
1- Copy of the Certificate of registration in the Trade Register
2- Latest account statement at other banks for the latest 3 months
3- Latest Telephone and/or Electricity bill.
For Employees of the Public Sector
1- Recent salary attestation or pay slip in original form
2- Latest telephone and/or Electricity bill.
For Professional
1- Copy of the Medical Insurance Card
2- Latest account statement at other banks for the last 3 months
3- Latest telephone and/or Electricity bill. For Military staff 1- Copy of form 1 for internal and General Security Members
Copy of form 2 for Army Members
2- Recent salary attestation or pay slip in original form, in addition to the name of the officer in charge and his phone number.
3- Latest Telephone and/or Electricity bill.
For more information please contact the Financial Aid Office.
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- Byblos Bank Loan Procedures for Graduation:
Studentsgraduating from AUB in June 2009 should start the final phase of the loan procedure with Byblos Bank. The loan should be finalized in the period of May 18-30, 2009. Meanwhile such students cannot obtain a clearance from AUB until they complete the required process. To do so, each student has to go to Byblos- Bliss Branch and once AUB obtains a clearance from the bank, the student's record will be cleared at AUB as well. The clearance will allow students to follow regularly AUB graduation procedures and receive their degree during the commencement exercises. If, however, a student is not cleared by the bank prior to the commencement he/she will not receive the degree on stage but instead an empty folder. The student may later collect his/her degree from the Registrar’s Office after being cleared. The final loan procedure involves the student and his/her guarantor with two options: 1- Settling fully the student loan Or
2- Converting the student loan into a personal one as per terms agreed between AUB and the bank (a lower interest rate than the applicable one over a 4-year period). Moreover, you may opt to accept the grace period of 6 months, which means that you can start your monthly payments 6 months after your graduation; however, the interest will be applied upon your graduation starting mid-June 2009.
If you choose option 2 and if your guarantor’s employment status has changed since the last time your student loan was signed then the new guarantor’s documents are required. For more information please contact the Financial Aid Office.
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- BML Loan Procedures for Graduation:
Studentsgraduating from AUB in Summer 2008 should start the final phase of the loan procedure with BML. The loan should be finalized during the period May 7-16, 2009. Meanwhile such students cannot obtain a clearance from AUB until they complete the required process. To do so, each student has to go along with his/her guarantor to BML- Bliss Branch .
Once AUB obtains a clearance from the bank, the student's record will be cleared at AUB as well. The clearance will allow students to follow regularly AUB graduation procedures and receive their degree during the commencement exercises. If, however, a student is not cleared by the bank prior to the commencement he/she will not receive the degree on stage but instead an empty folder. The student may later collect his/her degree from the Registrar’s Office after being cleared. The final loan procedure involves the student and his/her guarantor with two options: 1- Settling fully the student loan Or
2- Converting the student loan into a personal one as per terms agreed between AUB and the bank.
If you choose option 2 then a preferential interest rate will be applied which is 2% below the bank’s applicable rate depending on the number of years for repayment which may be up to four years for nursing students and six years for medical students. Moreover, you may opt to accept the grace period of 6 months, which means that you can start your monthly payments 6 months after your graduation; however, the interest will be applied upon your graduation starting mid-June 2009. Regular file fees and cost of stamps will apply when converting to a personal loan and the following documents will be required (it is very critical to have completed documents): 1- Valid IDs for applicant and Guarantor (or Ikhraj Qaid not older than one year) in addition to AUB ID 2- Mukhtar certificate for applicant and guarantor (ifadet sakan) 3- Employment letters (dated not more than one month old and signature certified by a bank) / Contracts for applicant and guarantors. In case of guarantors being self employed, a Syndicate Card / Company registration documents and the latest 6 months bank statements are needed For more information please contact the Financial Aid Office.
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