What are my Financial Assistance Rights?
You have the right to know:
- what financial aid programs are available to you;
- deadlines for submitting applications for each of the financial aid programs;
- how financial aid is disbursed;
- how decisions are made concerning distribution, and the basis for those decisions;
- how your financial need is determined (this includes how your cost of attendance is calculated);
- what additional resources were considered in the calculations of your need;
- how much of your financial need, as determined by the institution, has been met;
- about the various programs in your student aid package;
- about your school refund/repayment policy;
- what portion of the financial aid you receive must be repaid and what portion is grant assistance (If the assistance is loan, you have the right to know what the interest rate is; the total amount to be repaid; the length of time you have to repay the loan, and when the repayment begins.); and
- how the school determines whether you are making satisfactory academic progress and what happens if you do not meet the requirement.
What are my Financial Assistance Responsibilities?
- complete all the application forms required accurately;
- submit the application materials in a timely manner and to the correct location;
- provide correct information (misreporting on the financial aid forms is a violation of federal law);
- read and understand all forms that you are signing;
- keep copies of all the forms for your records;
- accept the responsibility for all agreements that you sign;
- perform the work that is agreed upon by accepting a work opportunity;
- be aware of and comply with deadlines for application and reapplication for assistance; and
- be aware of the schools refund/repayment policy.
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