Reference Document:  Student Rights and Responsibilities - Financial Aid
Associated Policy:  Financial Aid Office Code of Conduct
Created Date: --.--.---- Effective Date:  --.--.---- Revised Date(s): 2.12.2020

Student Rights:

  • You have a right to know the name of a school’s accrediting organization.
  • You have a right to know about a school’s program; it’s instructional, laboratory, and other physical facilities and its faculty.
  • You have a right to know what the cost is of attending and what the school’s policy is on refunds to students who withdraw from the College.
  • You have the right to know what financial aid programs are available at your school.
  • You have the right to know the deadlines for submitting applications for each of the financial aid programs available.
  • You have the right to know how financial aid will be distributed, how decisions on that distribution are made, and the basis for these decisions.
  • You have the right to know how your financial need was determined. This includes how costs for tuition and fees, room and board, transportation, books and supplies, personal and miscellaneous expenses are considered in your budget.
  • You have the right to know what resources (parental contribution, other financial aid, your assets) were considered in the calculation of your need.
  • You have the right to know how much of your financial need, as determined by the institution, has been met.
  • You have the right to request an explanation of the various programs in your student aid package.
  • You have the right to know what portion of the financial aid you received must be repaid and what portion is grant aid. If the aid is on a loan, you have the right to know what the interest rate is on the loan, 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.
  • You have the right to know how the school determines whether you are making satisfactory progress and what happens if you are not satisfactorily completing the requirements.

Student Responsibilities:

  • When you sign a promissory note, you are agreeing to repay according to the terms of the note. This note is a legally binding document. This commitment to repay means that, except in cases of cancellation, you will have to pay back the loan–even if you do not complete your education, are not able to get a job after you complete the program, you are dissatisfied with, or do not receive, the educational or other services you purchased from your school.
  • You must make payment on your loan even if you do not receive a bill. Billing statements (or coupon books) are sent, as a convenience to the borrower, but not receiving them does not relieve you of your obligation to make payments.
  • You must attend an exit interview if you accepted any loans and leave school before graduation.