Financial Aid 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.
• 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 c​an 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.