Rights and Responsibilities of Federal Student Aid Recipients

As a student financial aid recipient, it is your responsibility to:

1. Complete and submit application materials to the appropriate agencies within required or recommended time frames.

   • All incoming undergraduates should complete the Free Application for Federal Student Aid ("FAFSA") no later than February 15, 2010 in order to receive priority consideration for all available need- based aid programs for the 2010-2011 year. Families can use "estimated" tax information to complete the FAFSA form. However, you should return and update the FAFSA once you submit your final return to the Internal Revenue Service (IRS).

     Currently enrolled students should complete the FAFSA no later than May 1, 2010 in order to receive priority consideration for all available need-based aid programs for the 2010-2011 year.

     Louisiana residents must meet all deadlines set by the Louisiana Office of Student Financial Assistance for the TOPS Scholarship Program.

2. Read all materials sent to you from the Office of Scholarships and Financial Aid and other agencies awarding you aid. Read, understand, and keep copies of all forms you sign.

3. Know and comply with the rules governing the aid you receive. These rules include but are not limited to:

   • You must not be in default on any prior educational loan.

   • You must not owe a refund on a Federal Pell Grant, Federal Supplemental Educational Opportunity Grant , Federal Academic Competitiveness Grant , Federal "SMART" Grant or Federal "TEACH Grant due to repayment.

4. Provide additional documentation, federal tax returns, W-2's, and any additional information if requested by the Office of Scholarships and Financial Aid.

   • Loyola and Federal Forms

5. Comply with the provisions of any promissory note and all other agreements you sign.

6. Complete the registration process each semester by the end of the drop/add period in order to ensure availability of all student aid funds you have been awarded.

   Note: Some aid programs are limited and may be subject to cancellation if your registration process is not completed by the end of the drop/add period.

7. Use student financial aid proceeds solely for direct educational costs and related living expenses.

8. Know the implications that dropping a course or withdrawing from Loyola University New Orleans will have on your student financial aid.

9. Students who are receiving federal financial aid funds must make satisfactory academic progress towards completing their degree program in a timely manner. You must meet these minimum requirements in order to participate in the federal aid programs. Loyola University New Orleans offers a number of resources to help you succeed academically and we expect that you will fully utilize them. These resources include:

   • The Academic Resource Center
   • Disability Services
   • The Counseling Center
   • Writing Across the Curriculum
   • The Math Lab
   • University Ministry
   • The Center for Intercultural Understanding

10. All F-grades - Student financial aid recipients who complete a semester receiving all F-grades as a result of non-attendance will have their aid adjusted according to federal regulations and will be required to repay part or all of the federal/state student aid funds received.

    • Students receiving all F-grades who have borrowed under the Federal Stafford and or Federal Grad PLUS Loan programs will be required to complete a Federal Stafford / Grad PLUS Loan Exit Interview.

    • Students who have borrowed under the Federal Perkins Loan Program will also need to complete an Exit Interview

11. Report private sources of student financial aid to Office of Scholarships and Financial Aid at the address below. Please submit a copy of your outside scholarship award letter to the Office of Student Loans and Scholarships.

    Loyola University New Orleans
    Office of Scholarships and Financial Aid
    Room 110 Marquette Hall, Campus Box 206
    New Orleans, LA 70118

    • Keep your local and permanent addresses current with the Student Records Office.

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

1. Know the correct procedures for applying for student financial aid, your cost of attendance , and the types of aid available.

2. Know how financial need is determined, what the criteria are for awarding aid, how academic progress is determined, and what you have to do to continue receiving aid.

3. Know the type and amount of assistance you will receive, how much of your need has been met, and how and when you will receive your aid funds.

4. View the contents of your student financial aid file, in accordance with the Family Educational Rights and Privacy Act .

5. Know the conditions of anyloan you accept.

6. Know the terms, conditions, and pay rate for any student job you accept under the Federal Work Study Program.

7. Appeal any decision with the Office of Scholarships and Financial Aid in regard to your application. Appeals must be filed no later than 30 days after the original notification that you have been denied aid.

Updated December 31, 2009