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Financial Aid Rights and Responsibilities
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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.
The
deadlines for submitting applications
for applicable financial aid programs and the process required.
How your
financial need
is determined, including how
cost of attendance budgets
are developed.
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).
How to request a
review of your current financial situation
if you meet certain criteria based on changes since filing the current aid year FAFSA application.
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
.
The criteria for continued financial aid eligibility, including guidelines for the determination of
Satisfactory Academic Progress
as defined by the DMACC Financial Aid Office.
The
method and frequency
of financial aid disbursements.
The
procedures
,
forms
, deadlines, and eligibility requirements to apply for assistance; the criteria for selecting aid recipients and determining the amount of aid awarded.
The procedures, forms, deadlines, and eligibility requirements for a program of
Study Abroad
.
The policies and procedures used to
maintain confidentiality of financial aid records
. Only those individuals who directly handle the application have a right to know or access the information. That disclosure of your financial aid information may be made to other school officials, including teachers, within the school whom the school has determined to have legitimate educational interests and to officials of another postsecondary school or school system, where you receive services or seek to enroll.
Who to contact and how to
contact financial aid personnel
regarding information on student financial assistance.
The
academic programs
of the college, the
facilities
available, and the
faculty and instructional personnel
.
The names of bodies that
accredit
, approve, or license the institution and its programs and how their documents may be reviewed.
The
completion or graduation
rate of students.
Statistics on the receipt of
athletic-related student aid
.
Campus
security policies and crime statistics
.
What facilities and services are available to students with
disabilities
.
Additional Information:
Satisfactory Academic Progress
Understanding Your Financial Aid Award
Direct Loan Terms & Conditions
Direct Loan Exit Counseling
Loan Repayment Information
Student Employment
As a student you have the responsibility to:
Be aware of your ability to
pay any institutional charges
based on your available financial aid and personal resources.
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 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 consider all information about the college before you enroll.
Accurately and honestly complete your
Free Application for Federal Student Aid (FAFSA)
. Errors can result in delays. False or misleading information is a criminal offense and is subject to a $20,000 fine, imprisonment, or both.
Use any federal, state-appropriated, or institutional financial aid received during the award year solely for expenses related to attendance at DMACC.
Read, understand, and accept responsibility for all forms or agreements you sign. We recommend you keep copies for your records.
Notify the Office of Financial Aid if you attend two schools at the same time. You can only receive federal or state aid at one school at a time.
Notify your student loan lender of changes in your name, address, and school status.
Perform the work agreed upon when you accept a work-study award.
Keep your address and phone number current with the college on myDMACC or with the Registrar's Office.
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