Student Responsibilities When Receiving Financial Aid

As a student, you have the following responsibilities:

To review all information regarding the institution’s programs
To understand and meet the Satisfactory Academic Progress (SAP) policy.
To understand the institution’s refund policy procedure
To adhere to the deadlines for financial aid application or reapplication for federal financial aid
To understand and comply with all the forms that you sign and agree to
To inform the institution if there are any changes in your personal information
To complete and submit the most accurate information on financial aid forms/applications.
To submit any additional information requested by the Office of Financial Aid or through KHEAA Verify
To understand the financial aid process and submit any forms and/or applications in a timely manner
To stay informed regarding financial aid by checking your student email account.
If dependent, to keep your parents informed of all the financial aid requirements and deadlines
To notify the Office of Financial Aid at the point that you are awarded any outside sources of funding
To understand and comply with the institution’s attendance policy
To understand and comply with the institution’s refund and repayment policy

When borrowing Federal Direct Student Loans, it is a student’s responsibility to:

Acknowledge these funds are to be used for educational purposes
Complete Loan Entrance Counseling which is a tool to ensure you understand your obligation to repay the loan. https://studentaid.gov/app/counselingInstructions.action?counselingType=entrance
Sign a Master Promissory Note, agreeing to the terms of the loan. https://studentaid.gov/mpn/
Complete the Annual Student Loan Acknowledgment, allowing a student to view and acknowledge aggregate loan amounts each year.https://studentaid.gov/app/counselingInstructions.action?counselingType=entrance
Begin repaying student loans 6 months after graduation, dropping below half-time enrollment or leaving school
Always keep personal information updated with lender, including name, address,
and school enrollment status
Establish a plan to complete a degree before exhausting aggregate loan limits
Make payments on time. You are required to make payments on time even if you don’t receive a bill, repayment notice, or a reminder. You must pay the full amount required by your repayment plan, as partial payments do not fulfill your obligation to repay your student loan on time