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Students who are graduating in June 2010 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 2010 should finalize their loan procedures with BankMed in the period of (TO BE ANNOUNCED). 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 regular 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 loanOr
2- Sign for a student loan under the terms of the Central Bank of Lebanon with an interest rate of 3% for 10 years or less and which you can start repaying after a one year grace period.
Regular file fees and cost of stamps will apply when converting to a post-graduation loan. Documents will be also required, similar to the ones submitted during the first phase. You may opt to call BankMed- Movenpick branch to ask about the required documents at 01-799880, the contact person is Ms. Nina Zein.
For more information please contact the BankMed or the Financial Aid Office.
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- Byblos Bank Loan Procedures for Graduation:
Students graduating from AUB in June 2010 should start the final phase of the loan procedure with Byblos Bank. Students should visit Byblos Bank-Bliss Branch or call Ms. Nathalie Tohme to set an appointment and have more information on the procedures. Visits or calls should be made in the period of May 18 to 21. This means that by May 21 a student should already have scheduled an appointment on an appropriate date such that his/her graduation would not be delayed.
The bank clearance should be received by the Financial Aid Office not later than June 10, 2010, in order to have your record cleared by AUB. The clearance will allow students to follow regular 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 loanOr
2- Sign for a student loan under the terms of the Central Bank of Lebanon with an interest rate of 3% for 10 years or less and which you can start repaying after a one year grace period.
Regular file fees and cost of stamps will apply when converting to a post-graduation loan. Documents will be also required, similar to the ones submitted during the first phase. You may opt to call Byblos Bank to ask about the required documents at 01-369238 or 01-369240, the contact person is Ms. Nathalie Tohme. For more information please contact Byblos Bank or the Financial Aid Office.
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- BML Loan Procedures for Graduation:
Students graduating from AUB in June 2010 should start the final phase of the loan procedure with BML. The loan should be finalized during the period May 18-31, 2010. 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 regular 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 loanOr
2- Sign for a student loan under the terms of the Central Bank of Lebanon with an interest rate of 3% for 10 years or less and which you can start repaying after a one year grace period.
Regular file fees and cost of stamps will apply when converting to a post-graduation loan. Documents will be also required, similar to the ones submitted during the first phase. You may opt to call BML to ask about the required documents at 01-362118, the contact person is Ms. Mirna Haber. For more information please contact BML or the Financial Aid Office.
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