State University of New York Institute of Technology
Financial Aid
Student's Rights and Responsibilities
You have the right…
- To know what financial aid programs are available at your
school.
- To know the deadline for submitting applications for each of
the financial aid programs available.
- To know how financial aid will be distributed, how decisions
on that distribution are made, and the basis for these decisions.
- To know how your financial need was determined. This
includes how costs for tuition and fees, room and board, travel, books
and supplies, personal and miscellaneous expenses, etc., are considered
in your budget.
- To know what resources (such as family contribution, other
financial aid, your assets, etc.) were considered in the calculation of
your need.
- To know how much of your financial eligibility for financial
aid has been met.
- To request an explanation of the various programs in your
student aid package.
- To know your school's refund policy.
- To know what portion of the financial aid you received must
be repaid and what portion is grant aid. If the aid is a loan, you have
the right to know what the interest rate is, the total amount that must
be repaid, the payment procedures, the length of time you have to repay
the loan, and when repayment is to begin.
You are responsible…
- To complete all application forms accurately and submit them
on time to the right place.
- To provide correct information. In most cases, misreporting
information on financial aid application forms is a violation of law and
may be considered a criminal offense which could result in indictment
under the U.S. Criminal Code.
- To return all additional documentation, verification,
corrections, and/or new information requested by either the Financial
Aid Office or the agency to which you submitted your application.
- For reading and understanding all forms that you are asked
to sign and for keeping copies of them.
- For all agreements that you sign, including repayment of all
student loans.
- To perform the work that is agreed upon in accepting a
Federal Work-Study award.
- To be aware of and comply with the deadlines for application
or reapplication for aid.
- To be aware of your school's refund procedures.
© 2012 State University of New York Institute of Technology at Utica/Rome. All rights reserved.
