Rights and Responsibilities as a Student Consumer
Students have the right to:
- Know what financial assistance is available, including information on federal, state, and institutional programs.
- Know the deadlines for submitting an application for each of the financial aid programs available.
- Know the cost of attending the institution and the school’s refund policy.
- Know the criteria used by the institution to select financial aid recipients.
- Know how the school determines financial aid need.
- Request from the Financial Aid Office an explanation of the various programs in your student financial aid package.
- Know what portion of the financial aid you receive must be repaid and what portion is grant aid.
- Appeal decisions of the Director of Financial Aid to the Student Financial Aid Committee.
Student Responsibilities
It is your responsibility to:
- Complete all application forms accurately and submit them on time to the right place.
- Pay special attention to and accurately complete your Financial Aid Application. Error can result in a long delay in your receipt of financial aid. Intentional misreporting of information on the application form for financial aid is a violation of the law and is considered a criminal offense subject to penalties under the U.S. Criminal Code.
- Return all additional documents, verifications, corrections, and all new information requested to the Financial Aid Office, or to the agency to which you have submitted your application.
- Read and understand all forms that you are asked to sign and keep copies of them.
- Accept responsibility for all agreements you sign. If you have a loan, notify the lender of all changes in your name, address, social security number, or school status.
- Sign appropriate promissory notes and truth in lending forms.
- Attend entrance and exit interviews if you have a loan.
- Repay any loan in accordance with the repayment schedule.
- Notify the lender of any occurrence which may affect your eligibility for a deferment of repayment.
- Come to the Financial Aid Office during registration to receive your work-study assignment.
- Perform the work that is agreed upon in accepting a Federal Work Study award.
- Know and comply with Belmont Abbey College’s refund and repayment procedures.
