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Student Rights and Responsibilities

By accepting a financial aid award, the student has the following rights and responsibilities. 

RIGHTS 

You have the right to know:

  • What financial aid is available through federal, state, local, private, and institutional financial aid programs and the application deadlines for each program. (Refer to links under Sources of Aid on the left)
  • The eligibility requirements and the criteria used for recipient selection for each program. (Refer to links under Sources of Aid on the left)
  • How your financial need is determined, including how cost of attendance budgets are developed, the calculation and amount of the EFC, and the criteria for determining the amount of your aid award(s). (See Student Handbook)
  • How much of your financial need, as determined by IECC, has been met, including the resources considered in the calculation. (See Entrata)
  • The portion of your aid package that is grant or gift aid and what portion must be repaid, including interest rates, the total amount to be repaid, when repayment begins, and how long you have to repay the loan(s).
  • How and when aid is disbursed or applied to your account. (Refer to links under Sources of Aid on the left)
  • That you may request a review of your aid package if you believe a mistake has been made or if your financial circumstances have changed.
  • The impact of financial aid disbursements if you withdraw before the semester is completed.
  • How we determine whether you are making satisfactory academic progress and what happens if you are not.
  • That your privacy is protected under FERPA.

RESPONSIBILITIES 

It is your responsibility to:

  • Apply for financial aid annually, as early as October 1st prior to the fall semester they will be attending. Falsification of information on application forms for federal student aid is considered a criminal offense and may be subject to penalties under the U.S. Criminal Code.
  • Review and consider all information about our academic programs before enrolling.
  • Be aware of your ability to pay any institutional charges based on your available financial aid and personal resources.
  • Read, understand, and keep copies of all correspondence, forms, and notifications they have received (or generated) regarding financial aid and other assistance while knowing they are legally responsible for all agreements signed.
  • Review and understand the Terms and Conditions of your financial aid award.
  • Notify the Financial Aid Office of a change in name, social security number, address, or enrollment status.  If you have a loan, inform the lender as well.
  • Inform the Financial Aid Office if you receive any other scholarships, grants, employer tuition benefits, public aid educational benefits, or other financial aid for educational purposes.
  • Repay all student loans you request. When you complete a promissory note, you are agreeing to repay the loan. You must also complete any required entrance and exit loan counseling sessions if a Federal Direct Loan has been requested and received.
  • Be aware of the ramifications of a federal drug conviction while receiving financial aid.
  • Ask questions about anything you do not understand.
  • Use financial aid for educational expenses only. 
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