Financial Aid

Student Rights and Responsibilities

As a financial aid recipient, you have the right to:

• Accept, reject, or seek adjustment to your financial aid award without prejudice.
• Know how much aid you will receive per semester and when it will be disbursed.
• Know the terms of any Work Study eligibility you are offered.
• Know the interest rate of any loan offered to you, the amount you must repay, the repayment procedures, the length of time you have to repay the loan, and when repayment begins.
• Access your financial aid file.
• Seek financial aid counseling.
• Privacy of information regarding your financial aid information.
• Know that information from your file will not be released to anyone (except Lake Superior College staff and financial aid donors requesting such information) without a signed release.
• Receive financial aid as long as you are eligible as long as funds are available.
• Appeal any award decisions you feel warrant consideration due to an office error, emergency, or circumstances beyond your control.

Student Responsibilities

As a financial aid recipient, you have the responsibility to:

• Be prepared to provide the expected yearly student and parent contribution to cover academic expenses.
• Check your semester financial aid awards against your award letter.
• If necessary, drop all courses via web registration during the prescribed withdrawal period.
• Know that if you are in default on any loans and/or owe aid repayments, you will be denied additional aid.
• Know that if you receive aid that exceeds your calculated need, you must repay the excess.
• Notify your Lake Superior College work study supervisor if you withdraw from classes or drop below six credits.
• Provide accurate factual information on all financial aid forms requested within 30 days of the request.
• Notify the Student Services Center of any change in name or address.
• Notify the Student Services Center of any addition financial aid/scholarships that you receive.
• Reapply for financial assistance annually.

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