Financial Aid Rights and Responsibilities

Student Rights

Students have the right to obtain from the college the:

  • names of its accrediting or licensing organizations
  • information about its programs its instructional, laboratory, and other physical facilities and its faculty
  • cost of attending
  • college’s policy and the Financial Aid/VA Office’s policy on refunds to students who drop out
  • types of financial assistance available, including information on all federal, state, local, private and institutional financial aid programs
  • procedures and deadlines for submitting applications for each available financial aid program
  • criteria used to select financial aid recipients
  • process used to determine student financial need. This process includes how costs for tuition and fees, room and board, travel, books and supplies, and personal and miscellaneous expenses are considered in the cost of education. It also includes how resources (such as parental contribution, other financial aid, assets, etc.) are considered in calculating student need
  • amount of student financial need, as determined by the institution, that has been met
  • procedure for paying students
  • type and amount of assistance in a student financial aid package and an explanation of each award
  • portion of the financial aid award that must be paid, and what portion is grant aid
  • interest rate on any loan, the total amount for repayment, the length of time for repayment, the date to start repayment, and cancellation or deferment provisions that apply
  • kind of job and the hours to be worked, the duties, the rate of pay, and the payment schedule and procedure - if students are offered a federal college work-study job
  • reconsideration of an aid package, if they believe that a mistake has been made or if enrollment or financial circumstances have changed
  • process and policy used by the college to determine whether students are making satisfactory progress and what happens if students are not
  • special facilities and services available to persons with disabilities

Student Responsibilities

It is the responsibility of students to:

  • review and consider all information about a college's program before enrolling
  • pay special attention to the application for student financial aid, complete it accurately, and submit it on time to the right place. Errors can delay or prevent students from receiving aid
  • meet all deadlines for applying or reapplying for aid
  • provide all additional documentation, verification, corrections, and/or new information requested by the Financial Aid/VA Office
  • read, understand, and keep copies of all forms which they are asked to sign
  • comply with the provisions of any promissory note and all other agreements that they must sign
  • notify the school of any change in name, address, or attendance status (half time, three-quarter time, or full-time)
  • satisfactorily perform the work agreed upon in a college work-study job
  • understand the college's refund policy and the Financial Aid/VA Office’s Return to Title IV Refund policy
  • attend exit interview prior to Central Piedmont graduation, if you have borrowed federal loans at a previous college
  • complete a new financial aid application each year