If a major change occurs in the financial circumstances of the individual or family anytime during the academic year, this change should be reported to the Student Financial Aid Office. Should the change result in a verifiable increase in financial aid eligibility, every effort will be made to provide funds sufficient to allow the student to remain in school. A change in financial circumstances that results in an increased ability to meet costs can result in a reduction of the assistance previously offered. It is the student's responsibility to report all such changes. Withdrawal from the University before the completion of the academic period for which an award has been made, may result in an adjustment of an award.
All financial aid is easily divisible into three basic categories.
Student loans offer a low interest rate, and repayment usually begins after the student has left school or is enrolled less than half-time. Loan and work assistance are frequently referred to as self-help assistance. Applicants are considered for all categories of assistance for which they may qualify. This means that the aid offered contains a mixture of gift, self-help and loan assistance. The student will receive a refund for any amount of aid which exceeds indebtedness to the University.