You Have the Right to Know

  1. the financial aid programs that are available and the eligibility requirements that pertain to each of those programs;
  2. the deadlines for submitting application forms;
  3. how financial aid awards are determined;
  4. how the costs for tuition, room and board, books and supplies, travel, and personal and miscellaneous expenses are considered in establishing the cost of education;
  5. the data (parental income, parental assets, student income, student assets, household size, etc.) that was considered in determining your expected family contribution;
  6. the college’s refund policy;
  7. what portion of the financial aid is grant aid, and what portion must be repaid;
  8. how the college determines satisfactory academic progress, and the consequences for financial aid when the standards have not been satisfied;
  9. and the appeal process to follow when you question a decision that has been made or wish to present an extenuating circumstance.

You Have the Responsibility To

  1. Complete and submit applications and promissory notes on time to the appropriate location
  2. Return all additional documentation, verification, corrections and/or new information requested by the Financial Aid Office
  3. Provide accurate information (In most instances, misrepresenting information on financial aid application forms is a violation of law)
  4. Read and keep copies of all signed forms
  5. Notify the Financial Aid Office of the following information:
    – Name changes
    – Changes in factors used to determine financial aid eligibility such as residency, housing plans, marital status, number of dependents, and academic major
    – Other sources of financial aid received during the period covered by the award letter
    – Reduction in credit hours during a semester
    – Withdrawal from the college after a semester is in session