Student Rights and Responsibilities
Student Rights
As a student, you are entitled to know:
- What financial aid programs are available
- Application deadlines, procedures and forms for those programs
- How your assistance is disbursed, how distribution decisions are made and the basis for these decisions
- What resources (such as parental contribution, other financial assistance, personal assets) were considered in calculating your need
- What portion of the financial assistance you receive must be repaid and what portion is grant aid
- The interest rate, total amount to be repaid and repayment procedures (including when repayment begins and the length of repayment) for any loan you are awarded
- How the school determines whether you are making satisfactory academic progress and what happens if you are not
- An explanation of each program in your student aid package
Student Responsibilities
As a financial assistance recipient, you are responsible for:
- Supplying accurate information on your applications
- Being aware of and complying with deadlines for assistance applications and reapplication
- Keeping OSFA informed of changes in your financial situation and enrollment status
- Promptly returning or submitting all additional documentation, corrections and/or new information requested by OSFA
- Notifying OSFA of any assistance (scholarships, grants, stipends, etc.) received from outside sources
- Maintaining satisfactory academic progress according to established university policies and standards
- Knowing the costs of attending the university
- Knowing the university's refund policy
- Knowing the appeal procedure for financial assistance
- Notifying the university of address changes
- Checking Loyola e-mail for official communication from OSFA.