Financial Aid Student Rights and Responsibilities
Financial Aid Rights
You have the right to:
- Know what financial assistance is available, including information on all federal, state, and institutional financial aid programs;
- Know the deadlines for submitting applications for each of the financial aid programs available;
- Know the cost of attending the institution and the College's refund policy;
- Know the criteria used by the institution to select financial aid recipients;
- Know how the College determines your financial need. This process includes how costs for tuition and fees, room and board, travel, books and supplies, personal and miscellaneous expenses, etc., are considered in your budget;
- Know what resources (such as parental contribution, other financial aid, your assets, etc.) are considered in the calculation of your need;
- Know how much of your financial need, as determined by the institution, has been met;
- Request from the Financial Aid Center an explanation of the various programs in your student aid package. If you believe you have been treated unfairly, you may request reconsideration of the award that was made to you;
- Know what portion of the financial aid you received must be repaid, and what portion is grant aid. If the aid is a loan, you have the right to know what the interest rate is, the total amount that must be repaid, the payback procedures, the length of time you have to repay the loan, and when repayment is to begin;
- Know how the school determines whether you are making satisfactory progress, and what happens if you are not.
Financial Aid Responsibilities
It is your responsibility to:
- Review and consider all information about the College's program before you enroll.
- Complete all application forms accurately and submit them on time and to the appropriate office.
- Pay special attention to accurately complete your application for student financial aid.
- Errors can result in long delays in your receipt of financial aid. Intentional misreporting of information on application forms for federal financial aid is a violation of law and considered a criminal offense subject to penalties under the U.S. Criminal Code.
- Return all additional documentation, verification, corrections, and/or new information requested by either the Financial Aid Office or the agency to which you submitted your application.
- Read and understand all forms that you are asked to sign and keep copies of them.
- Accept responsibility for all agreements you sign.
- If you have a loan, notify Direct Lending of changes in your name, address, or school status.
- Perform the work that is agreed upon in accepting a Federal College Work-Study award.
- Know and comply with the deadlines for application or reapplication for aid.
- Know and comply with the College's refund procedures.