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Rights and Responsibilities of Financial Aid Recipients
As a student financial aid recipient, you have a number of rights and responsibilities.
Students have the right to know the:
- Financial aid programs available at Midwestern University, including how a student applies for student aid.
- Criteria used to determine financial aid eligibility and calculate need.
- Terms and conditions of all awards made by SFS.
- Cost of Attendance, Student Refund, Return of Title IV funds, and Withdrawal policy.
- Interest rate of your loan, the total amount to be repaid, repayment procedures, when payment begins and the length of the repayment period.
- Procedure for reducing or cancelling your student loan.
- Academic programs offered.
- Accreditation status.
- Student retention and completion data.
- Student Financial Services policies surrounding satisfactory academic progress.
- Special facilities and services available for the handicapped.
- Campus safety and security statistics and crime prevention programs.
- Rights under Family Education Rights and Privacy Act (FERPA).
Students are responsible for:
- Completing all forms accurately and by the published deadlines.
- Submitting information requested by Student Financial Services staff in a timely manner.
- Keeping Student Financial Services and the Registrars Office informed of any changes in address, name, marital status, financial situation, or any change in student status.
- Reporting to Student Financial Services any additional assistance from non-University sources such as scholarships, loans, fellowships, and educational benefits.
- Notifying Student Financial Services of a change in enrollment status.
- Maintaining satisfactory academic progress.
- Re-applying for aid each year