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Financial Aid Recipients’ Rights and Responsibilities

financial aid paperwork

Student Rights

Students have a right to know:

  • What financial assistance is available, including federal, state and institutional aid.
  • The deadlines for submitting applications.
  • What criteria are used to award the various financial aid programs.
  • How financial need is determined, including what the Cost of Attendance is.
  • What resources are considered in calculating financial need and how other resources affect their need.
  • That the information they give to the Financial Aid Office will be treated confidentially.
  • Policies for students who withdraw.
  • An explanation of the various funds in the financial aid package, including which financial aid programs must be repaid and which do not.
  • How they can have their financial need reviewed if their family circumstances have changed.
  • How Satisfactory Academic Progress is determined and how it might affect their financial aid eligibility.

Student Responsibilities

Students have the responsibility to:

  • Complete a financial aid application on time and accurately. Students must reapply for all financial aid programs annually.
  • Provide any additional information requested for the processing of their Financial Aid file (such as Federal tax returns, tax transcripts, verification worksheets, or other documentation).
  • Read and understand all forms that they are asked to sign and keep a copy of such forms for their record.
  • Use financial aid for educational expenses only.
  • Make Satisfactory Academic Progress as determined by the Financial Aid Office.
  • Inform the Financial Aid Office of any additional Financial Aid they receive such as scholarships, outside grants, assistantship or other educational/tuition assistance.
  • Repay all loans according to the terms of the promissory note. Students who default on a loan are not eligible for additional Financial Aid.
  • Perform their Federal Work-Study job in a satisfactory manner.
  • Know and comply with any refund procedures.

Inform Moraine Park if their personal information changes such as:

  • Their permanent or local address
  • Their enrollment status (credit load)