Terms and Conditions of Award

Terms and Conditions of Award

Understand that we reserve the right to adjust this award due to changes in your Financial Status, Enrollment Status, Availability of Funds and /or if Scholarships exceed the total Cost of Attendance.

The Financial Aid is awarded on the conditions listed below:

• Be admitted to or enrolled in a Degree-Granting Program.
• Maintain Satisfactory Academic Progress.
• Be enrolled and attend classes.
• If you receive aid you are not entitled to, you will be responsible for repaying those funds.
• If you are taking classes at two different institutions, you can only receive aid at one institution.
• Additional financial assistance from outside resources (i.e., scholarships, waivers) may reduce other aid already offered.
• Master Promissory Notes, Entrance and Exit Interviews are required for all Federal Student Loans.

Terms

Federal Pell Grant - A need-based federal grant administered by SUBR. Federal Pell Grants are generally awarded only to undergraduate students (those who have not earned a bachelor's degree). This grant does not have to be repaid.

Federal SEOG - Federal Supplemental Educational Opportunity Grant - A federally funded need-based grant administered by SUBR. Unlike Federal Pell Grants, the amount of the FSEOG award you receive depends not only on your financial need but also on the amount of other aid you receive and the availability of funds at the university. This grant does not have to be repaid.

Federal Direct Graduate PLUS Loan - is a loan that graduate or professional degree students can borrow and is subject to Credit Approval. You must be enrolled and attending classes at least half-time (5 hours for Graduate students and 6 hours for all others) to be eligible for loan funds. To apply for the Graduate PLUS loan, go to https://studentaid.gov/plus-app/. Then click on the "Sign In" green box and enter the data required. This will bring you to the welcome page, where you can click "Start PLUS Application Process," select the loan type of "Graduate PLUS," and follow the instructions to complete the application. You have the right to cancel or reduce your loan.

Federal Direct PLUS Loan - a loan that a parent can borrow on behalf of his/her dependent daughter/son and is subject to credit approval. The student must be enrolled and attend classes for at least 6 hours to be eligible for loan funds. To apply for the PLUS loan, go to https://studentaid.gov/plus-app/. Then click on the "Sign In" green box and enter the data required. This will bring you to the welcome page where you can click "Start PLUS Application Process," then select the loan type of "Parent PLUS" and follow the instructions to complete the application. You have the right to cancel or reduce your loan.

Federal Direct Subsidized Stafford Loan - is a loan that must be repaid. You must be enrolled and attending classes at least 6 hours to be eligible for loan funds. You have the right to cancel or reduce your loan. To sign your Federal Direct Master Promissory Note, visit Federal Student Aid Webisite.

Federal Direct Unsubsidized Stafford Loan - is a loan that must be repaid.   You must be enrolled and attending classes at least half-time (5 hours for Graduate students and 6 hours for all others) to be eligible for loan funds. You have the right to cancel or reduce your loan.

Federal Work-Study (FWS) - is a work program that provides part-time, on-campus employment to students with financial need. FWS employment may be awarded to both undergraduate and graduate students during periods of enrollment. Federal Work-Study wage is $10.00 per hour on-campus and $12.00 per hour for off-campus Community Service positions.

Conditions Affecting Eligibility

All financial aid recipients will be required to repay a percentage of funds disbursed if they officially withdraw from college or stop attending all classes before 60 percent of the term has been completed. Financial aid funds will be terminated if a student fails to make Satisfactory Academic Progress. Corrections to your Student Aid Report (SAR) can cause changes in award amounts. Awards are based on your current or estimated enrolled hours. Dropping or withdrawing can cause your financial aid to be adjusted or canceled.

Any change in your name, address or enrollment status must be reported immediately to the Registrar. Also, all scholarships provided by outside agencies must be reported to the Office of Financial Aid, which may affect your financial aid award.

Your financial aid award will be void if incorrect information is discovered in any documents that determine eligibility. This includes, but is not limited to, your Student Aid Report (SAR) and verification forms or statements. In addition to voiding your financial aid awards, intentional misrepresentation or false statements on any of these documents may subject you to a fine, imprisonment, or both under the provisions of the U. S. Criminal Code.