Students Rights and Responsibilities

As a student, you have the right to:

• know what financial assistance is available to you, including all federal, state, and institutional financial aid programs.
• know the deadlines for submitting applications for applicable financial aid programs and the process required.
• know how your financial need is determined, including the cost of attendance budgets.
• how much of their financial need, as determined by the institution, has been met;
• an explanation of the types of aid contained in your financial aid offer as well as how to retain eligibility for those funds (if applicable).
• request a review of your current financial situation if you meet certain criteria based on changes since filing the current aid year FAFSA application.
• know what portion of your aid package is grant or gift aid, and what portion must be repaid. If the aid they are receiving is a loan, the student has the right to know the interest rate on the loan, the total amount that must be repaid, the repayment procedures, the length of time for repayment of the loan, and when repayment begins.
• know the criteria for continued financial aid eligibility, including how the institution determines whether students are making satisfactory progress, and what happens if they are not.
• know the method and frequency of financial aid disbursements.

 

As a student, you have the responsibility to:

• be aware of your ability to pay any institutional charges based on your available financial aid and personal resources.
• be courteous and considerate when communicating with the Student Financial Services Office.
• review and understand the terms and conditions of your financial aid offer.
• complete all forms and requirements accurately, in a timely manner, and by the appropriate deadlines. In most instances, misreporting information on financial aid application forms is a violation of law and may be considered a criminal offense that could result in indictment under the U.S. Criminal Code.
• read and understand all forms that you are asked to submit or sign, realizing that you are legally responsible for all agreements that you sign.
• inform the Student Financial Services Office if you intend to enroll less than full time for any given term so that your charges and aid can be properly adjusted and disbursed.
• be aware of the institution's refund procedures.
• inform the Student Financial Services Office of any outside scholarships or additional resources that you receive.
• know and comply with all policies and procedures of Misericordia University.