General Terms & Conditions for Financial Aid
When you accept financial aid from ºÚÁÏÕýÄÜÁ¿ (ºÚÁÏÕýÄÜÁ¿C), you agree to meet the responsibilities and requirements associated with your awards. The following outlines key terms and conditions based on federal and state regulations:
-
Reporting Additional Assistance - If you receive other forms of financial assistance—such as non-educational Veterans Benefits, Vocational Rehabilitation, or scholarships—you must notify the Office of Financial Aid (L-114) immediately.
-
Use of Financial Aid Funds - Your financial aid is first applied to your student account to cover tuition, fees, and other charges. Any remaining funds will be refunded to you through your BankMobile Disbursements refund preference, powered by BMTX, Inc. If new charges are added after your refund is issued, you are responsible for paying them.
-
Cost of Attendance (COA) - The COA is an estimate of your total educational expenses for the academic year. It includes: tuition and enrollment fees, books and supplies, room and board, transportation, and personal and miscellaneous expenses. Click here to view Cost Estimates.
-
Financial Aid Refunds - Refunds are issued when your financial aid exceeds your charges. This process is handled through BankMobile Disbursements. Click here to learn more about refunds.
-
Satisfactory Academic Progress (SAP) - To remain eligible for financial aid, you must meet SAP standards, which include: maintaining a minimum 2.0 GPA, completing at least 67% of attempted units, and finishing your program within 150% of its published length. Click here to learn more about SAP.
-
Treatment of Federal Student Aid When a Student Withdraws - If you withdraw from ºÚÁÏÕýÄÜÁ¿C during a term, the college will use a federal formula to determine how much of your aid you’ve earned. If you received more aid than you earned, the unearned portion must be returned. This process is called Return to Title IV.
Privacy and FERPA Compliance
ºÚÁÏÕýÄÜÁ¿ adheres to the Family Educational Rights and Privacy Act (FERPA), which protects the privacy of student education records. Under FERPA, the Office of Financial Aid is only permitted to release detailed financial aid information directly to the student. This applies regardless of the student’s age—parents or guardians are not authorized to receive any information about the student's financial aid file.
ºÚÁÏÕýÄÜÁ¿C cannot disclose:
- The amount of a financial aid check
- The exact date of disbursement
Additionally, FERPA allows educational institutions to release personally identifiable information from a student's education records without the student's or parent's consent in specific legal circumstances including:
- Grand Jury Subpoenas
- Law Enforcement Subpoenas
- Other Lawfully Issued Subpoenas or Court Orders
FERPA also permits disclosure to the U.S. Attorney General without consent when records are relevant to an authorized investigation or prosecution of terrorism-related offenses under U.S. Code Title 18 §§ 2331 and 2332b(g)(5)(B).
Please note: ºÚÁÏÕýÄÜÁ¿C does not release "directory information" if it is linked to other non-directory information that could identify the student.