Students’ Rights and Responsibilities
If you are receiving federal financial aid, you need to be aware of the following rights and responsibilities.
You have the right to know the following:
- What financial aid programs are available.
- The deadlines for submitting application for each financial aid program available.
- How financial aid will be distributed.
- How financial aid eligibility was determined – this includes how costs for tuition and fees, room and board, books and supplies, travel, personal and miscellaneous expenses are considered in establishing the cost of education.
- Which resources (such as parent contribution, other financial aid, personal assets, etc.) were considered in the calculation of need.
- How much of your financial eligibility, as determined by the institution, has been met .
- The college's refund policy.
- What portion of your financial aid 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 repayment procedures, the length of time allowed to repay the loan, and when repayment begins.
- How the college determines Satisfactory Academic Progress and the consequences to financial aid when not making reasonable academic progress.
The following items are your responsibility:
- Completing applications and promissory notes and submitting them on time to the appropriate place.
- Providing accurate information. In most instances, misrepresenting 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 Codes.
- Returning all additional documentation, verification, corrections and/or new information requested by either the Financial Aid Office or the agency to which the application was submitted.
- Reading and keeping copies of all forms signed.
- Notifying the Financial Aid Office of the following information:
- changes in name.
- changes in factors used to determine eligibility including residency, housing plans, marital status, number of dependents, undergraduate/graduate/professional classification and major.
- other sources of financial aid received during the period covered by the award letter.
- withdrawal from the college after a semester is in session.
- Complying with the financial aid program application deadlines. Each successive year of enrollment requires a renewal application for financial aid.
- Notifying the Admissions and Records Office of any change in address.
- Checking your John Tyler Community College (VCCS) e-mail and myTyler student accounts regularly for the most up-to-date financial aid notifications.
- Making Satisfactory Academic Progress.
- Knowing the difference between dropping and withdrawing from classes and the impact that has on your financial aid.