Education after high school involves your time, money, and effort. It is a big investment that carries with it many rights and responsibilities. In applying for financial aid, you accept certain rights and responsibilities. Failure to comply with your responsibilities may result in the cancellation or reduction of your financial aid.
You have the right to know:
- What financial aid programs are available such as grants, Direct Loans, Federal Work-Study; State Aid; and Scholarships.
- How to apply for aid and how eligibility is determined.
- The deadline for submitting applications for each of the programs.
- How financial aid is determined in general.
- The requirements for continued eligibility.
- The cost of attending BPCC.
- The resources considered in calculating the individual financial need.
- BPCC’s Return and Repayment of Title IV aid policy.
- The financial aid disbursement procedures.
- The details regarding any loan offered.
- The satisfactory academic progress requirements and procedures for aid recipients.
- The general conditions and terms under the federal work-study program.
- Appeal procedures for financial aid decision.
- Information about the student’s rights under the Family Educational Rights and Privacy Act (FERPA).
- Terms of, schedules for, and the necessity of loan repayment and required entrance counseling and exit counseling.
- Terms and conditions under which students receiving federal education loans may obtain deferments. A Deferment List is available on the Department of Education website.
It is your responsibility to:
- Inform the Financial Aid Office of any change in enrollment status.
- Meet and maintain satisfactory academic progress requirements.
- Complete all application and requested forms accurately and submit them on time.
- Provide correct information (misreporting information on financial aid forms is a violation of the law and may be considered a criminal offense).
- Use financial aid funds solely for educational purposes.
- Promptly return all additional documentation, verification, corrections, and new information requested by the Financial Aid Office or the agency to which you submitted. your application
- Inform the Financial Aid Office and Admissions Office of any name, address, or Social Security number change.
- Read, understand, and keep copies of all forms that you are asked to sign.
- Inform the Financial Aid Office of any income change, including earnings, scholarships, waivers, private loans, etc.
- Repay all loans according to the terms agreed upon at the time the loan was accepted and the promissory note signed.
- Declare a degree objective (major) and to only enroll in classes that are part of this associate degree or certificate offered by BPCC. Financial aid cannot pay for classes that do not count towards that degree objective (major) at BPCC.