Financial Aid: Rights and Responsibilities

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