What are my rights and responsibilities if i receive federal student aid?
Students who receive Federal Student Aid have various rights and responsibilities which include receiving the following information: 1. The need-based and non-need based federal financial aid that is available to students. 2. The need-based and non-need-based stat and local aid programs, school aid programs, and other private aid programs that are available. 3. How students apply for aid and how eligibility is determined. 4. How the school distributes aid among students. 5. How and when financial aid will be disbursed. 6. The terms and conditions of any employment that is part of the financial aid package. 7. The terms of, the schedules for, and the necessity of exit counseling. 8. The criteria for measuring satisfactory academic progress, and how a student who has failed to maintain satisfactory academic progress may reestablish eligibility for federal student aid. When accepting a student loan you accept legal and financial responsibilities that last until the loan is repaid and agre
