Undergraduate Financial Aid : Rights and Responsibilities
Rights and Responsibilities
As a student you have the right to:
know what financial assistance is available to you, including all federal, state, and institutional
financial aid programs.
know the deadlines for submitting applications for applicable financial aid programs and the process
know how your financial need is determined, including how cost of attendance budgets are developed.
know what resources are considered in the calculation of your financial need, and how much of your need
as determined by Barry University has been met.
an explanation of the types of aid contained in your financial aid award as well as how to retain eligibility
for those funds (if applicable).
request a review of your current financial situation if you meet certain criteria based on changes since
filing the current aid year FAFSA application.
know what portion of your aid package is grant or gift aid, and what portion must be repaid. In addition,
you have the right to know interest rates, total amount to be repaid, procedures for repayment, when
repayment begins, and how long you have to repay the loan.
know the criteria for continued financial aid eligibility, including guidelines for the determination
of Satisfactory Academic Progress as defined by the Department of Education.
know the method and frequency of financial aid disbursements.
be aware of your ability to pay any institutional charges based on your available financial aid and
review and understand the terms and conditions of your financial aid award.
complete all requirements accurately, in a timely manner, and by the appropriate deadlines.
inform us if you intend to enroll less than full time for any given term so that your aid can be properly
adjusted and disbursed.
inform us of any outside scholarships, assistantships, or additional resources that you receive.
fill out the FAFSA application completely and accurately. If selected for verification you will provide
all requested documents in a timely manner, and ensure that all submitted materials are complete and
accurate. Falsification of information on application forms for federal financial assistance is considered
a criminal offense, and you may be subject to penalties under the U.S. Criminal Code.
read and understand all forms that you are asked to submit or sign, realizing that you are legally responsible
for all agreements that you sign.
know and comply with all policies and procedures of the Barry University.