General
To be eligible for aid, a student must meet certain general criteria. As a
recipient of federal student aid, a student has certain rights and
responsibilities. Knowing what they are will put the student in a better
position to make decisions about his/her educational goals and how to achieve
them.
Student Rights:
- To know what financial aid programs are available.
- To know the deadlines for submitting applications for each of the
financial aid programs available.
- To know how financial aid will be distributed, how decisions on that
distribution are made and the basis for these decisions.
- To know how financial need was determined. This includes how costs for
tuition and fees, room and board, travel, books and supplies, personal and
miscellaneous expenses, etc., are considered in the student's budget.
- To know what resources (such as parental contribution, other financial
aid, assets, etc.) were considered in the calculation of financial need.
- To know how much financial need as determined by the institution has been
met.
- To request an explanation of the various programs in students aid
packages.
- To know the school's refund policy.
- To know what portion of the financial aid received must be repaid and what
portion is grant aid. If the aid is a loan, the right to know what the
interest rate is, the total amount that must be repaid, the payback
procedures, the length of time to repay the loan and when repayment is to
begin.
- To know how the school determines satisfactory progress and what happens
if satisfactory progress is not made.
- To know if you are offered a College Work-Study position - what kind of
job it is, what hours you must work, what your duties will be, what the rate
of pay will be, and how and when you will be paid.
- To know that you can request that your aid package can be reconsidered if
you believe a mistake has been made, or if your enrollment or financial
circumstances have changed.
Student Responsibilities:
- To review and consider all information about the school's program before
you enroll.
- To complete all application forms accurately and submit them on time to
the correct place.
- To provide correct information. In most instances, misreporting
information on financial aid application forms is a violation of law and my be
considered a criminal offense which could result in indictment under the U.S.
Criminal Code.
- To return all additional documentation, verification, corrections and new
information requested by either the financial aid office or the agency to
which applications are submitted.
- To read and understand all forms that the student is asked to sign and to
keep copies of them.
- To accept responsibility for all agreements signed.
- To perform the work that is agreed upon when accepting a Work-Study Award.
- To be aware of and comply with the deadlines for application or
reapplication for aid.
- To be aware of the school's refund procedures.
- To attend an entrance and exit interview if you have a Federal Perkins
Loan, Nursing Loan, Federal Subsidized Stafford Loan, or Federal Unsubsidized
Stafford Loan.
- To notify your school of a change in your name, address, or attendance
status (half-time, three-quarter-time, or full-time). If you have a loan, you
must also notify your lender of these changes.
- To repay immediately upon demand all financial aid over awards or mis-entitlements.
Transfer Students:
- Check with the financial aid officer at the new school on financial aid
availability.
- Check with the lender to cancel a Stafford Loan from the prior school and
reapply at the new school.
- Inform the new school's financial aid office of your DRN # and SAR
transaction number from the Student Aid.
- Report, as well as submit any other documentation requested by the
financial aid office.
|