This process includes how costs for tuition and fees, room and board, travel, books and supplies, personal and miscellaneous expenses, etc., are considered in establishing the budget. If a student believes he or she has been treated unfairly, reconsideration of the award may be requested. If the aid is a loan, students have the right to know the interest rate, the total amount that must be repaid, the payback procedures, the length of time they have to repay the loan, and when repayment is to begin. To pay special attention to the application for student financial aid. It should be completed accurately and submitted on time to the correct office.
Errors can result in long delays in the receipt of financial aid.
Intentional misreporting of information on application forms for federal financial aid is a violation of law and is considered a criminal offense subject to penalties under the U.S. Criminal Code. To notify the lender of changes in the student's name, address, or school status, if the student has a loan. - To know and comply with the University's refund procedures. It is the student's responsibility to report any change in status or resources while receiving aid. Failure to do so may result in denial of further financial aid. If receipt of additional resources results in a determination of less financial eligibility than was computed when the award for the year was originally made, then the award will be adjusted.