Financial Assistance Information
Available Assistance from Federal, State and Local Institutional Programs
Office/person responsible: Financial Aid Office
Each institution must make available to prospective and enrolled students a variety of information about need based and non-need based financial aid, terms and conditions of loans, rights and responsibilities of an aid representative
Institution must inform all eligible borrowers enrolled in the institution about the availability of and their eligibility for grant assistance from the state in which the institution is located, and provide sources of information about grant assistance from their states to borrowers from other states.
Resources:
- Federal and state grants
- Loans
- Scholarships
- Student Employment (Work Study)
Contact Information for Assistance in Obtaining Institutional or Financial Aid Information
Office/person responsible: Financial Aid Office and Foundation Office
Each institution must make available to prospective and enrolled students information regarding how and where to contact individuals designated to assist enrolled or prospective students in obtaining the institutional financial aid information required to be disclosed.
Resources:
Cost of Attendance
Office/person responsible: Financial Aid Office
Each institution must make available to prospective and enrolled students information about the cost of attendance, including tuition and fees, books and supplies, room and board, transportation costs, and any additional costs for a program in which the student is enrolled or expresses and interest.
Disbursement of Financial Aid Funds
Office/person responsible: Business Services/Financial Aid
Each institution must provide the method by which financial assistance disbursements will be made to the students and frequency of those disbursements.
Resources:
Penalties for Drug Law Violation of Aid
Office/person responsible: Public Safety
Each institution must provide to each student, upon enrollment, a separate, clear, and conspicuous written notice that advises that student that a conviction for any offense, during a period of enrollment for which the student was receiving Title IV, HEA program funds, under any federal or state law involving the possession or sale of illegal drugs will result in the loss of eligibility for any Tile IV, HEA grant, loan, or work-study assistance.
Each institution must provide a notice in a timely manner to each student who has lost eligibility for Title IV, HEA assistance as a result of the penalties under HEAD sec.484(r)(1). The notice must be a separate, clear and conspicuous written notification of the loss of eligibility and must advise the student of the ways in which the student can regain eligibility.
Resources:
Rights and Responsibilities of Aid Recipients
Office/person responsible: Financial Aid Office
Each institution must make available to prospective and enrolled students information about the rights and responsibilities of student receiving Title IV, HEA student, financial aid, including criteria for continued student eligibility and standards for satisfactory academic progress.
Resources:
- Eligibility for financial aid
- Student loan information (including Direct Loan Disclosure, Entrance Counseling for Student Borrowers, and Exit Counseling for Student Borrowers)
- Loan Code of Conduct
Verification Requirements
Office/person responsible: Financial Aid Office
Verification is the confirmation through documentation that the information provided on a student’s Free Application for Federal Student Aid (FAFSA) is correct. The federal government requires colleges and universities to verify or confirm the data reported by student and their parent(s) on the FAFSA prior to awarding Federal Financial Aid funds.
The Financial Aid Office will compare the information provided on the FAFSA to the documentation collected during the verification process. If there are errors on your application, we will update your application, recalculate your aid eligibility and send a current award notification.
If you are selected for verification, documents must be received and processed by our office no later than 120 days after the last day of enrollment or the first of September following the end of the academic year, whichever is earlier. Failure to do so will result in the inability to receive aid. All federal loans must be awarded and certified during the term of enrollment.
This requirement includes:
- A written statement explaining: documents required for verification
- A list of student’s responsibilities (correction procedures, deadlines, consequences of missing deadlines)
- Notification method (how school will notify student of award changes based on verification and the time-frame for the notification)
Resources: