Student Responsibilities to Financial Aid

 As an applicant for financial aid, you have the responsibility to:

1. Know the financial aid deadlines, forms, and applications required through reading the financial aid WEB site (updated annually), electronic- and student-mail messages, and notices posted on the Financial Aid bulletin board outside S2 009 Schurman Hall.
   
   
2. Accurately complete your application(s) for student financial aid. Errors can result in long delays in your receipt of aid. Intentional misreporting of information on forms for federal financial aid is a violation of law and is considered a criminal offense subject to penalties under the U.S. Criminal Code.
   
   
3. Return all additional documentation, verification, corrections, and/or new information requested by the Financial Aid Office as promptly as possible. The College is required by federal law to have on file documentation of family resources and of any circumstances necessitating adjustment of a student's budget.
   
   
4. Read and understand all forms you are asked to sign and keep copies of them.
   
   
5. Attend required loan initiation and exit interviews. The College conducts loan initiation and exit interviews for all loan programs in which it participates, as required by federal law. These interviews are for the purpose of ensuring that all borrowers understand the obligation to repay student loans, avenues for seeking assistance if problems arise, and consequences of failure to repay.
   
   
6. Accept responsibility for all agreements you sign. The signing of a promissory note for a long-term loan initiates the disbursement of loan moneys and signifies your acceptance of a moral and legal obligation to repay the loan after leaving college. Default on any federal loan or failure to repay a federally funded education grant disbursed for a period in which you were not enrolled makes you ineligible for all federal aid until due repayments are made.
   
   
7. Inform the College of Veterinary Medicine Financial Aid Office of any changes in your economic or financial circumstances. This includes any outside resources, (grants, assistantships, fellowships, earnings, loans, endowments, etc.) not counted at the time your application was originally reviewed and financial need determined.
   
   
8. Review annually the future costs of education loans and establish a personal education debt limit compatible with realistic income expectation.
   
   
9. Keep this College, your lender, and your loan guarantor informed of your enrollment status and your address at all times. Changes in enrollment status can affect financial aid eligibility and loan repayment schedules. Maintenance of contact with lenders is essential for any situation that deviates from the expected scholastic time schedule or loan repayment schedule. It is now possible to change your addresses (home, local, billing) with the University through the on-line student information program, "Just The Facts," and you are encouraged to do so.