You have the right to:
- Know what financial assistance is available from ACC, including information on federal, state, and other financial aid programs.
- Know the deadlines for submitting applications for each of the financial aid programs available.
- Know the cost of attending ACC, the refund policy and the repayment policy.
- Know the criteria used by ACC to select financial aid recipients.
- Know how the College determines financial need. This process includes how costs for tuition, room and board, books and supplies, travel, and miscellaneous expenses are considered in establishing your budget.
- Know what resources (such as parental contribution, scholarships, financial aid, income and assets, and other resources) are considered in the calculation of your need.
- Know what portion of your financial need, as computed by ACC, has been met.
- Request an explanation of the various programs included in your financial aid package, and to appeal for a review of your award if you feel that it does not adequately meet your needs.
- Know what portion of your financial aid package is a loan that must be repaid. If your award package does contain a loan, you have the right to know the interest rate, the total amount that must be repaid, repayment procedure, length of time you have to repay the loan and when payments are scheduled to begin.
- Know what portion of your financial aid package is from part-time student employment, the conditions of employment, and how and when you will be paid.
- Know how the College determines whether you are making satisfactory progress in your course of study and what happens to your financial assistance if you do not make satisfactory academic progress.
You have the responsibility to:
- Keep your physical address updated at all times.
- Complete all application materials on time and submit them to the appropriate agency or office.
- Activate your college assigned email account and monitor it at least once a week. This is critical to receive important information regarding awards or missing documentation.
- Pay special attention to and accurately complete your application for financial aid. Errors can result in long delays in your consideration for financial assistance and may result in your inability to receive assistance due to the lack of funds. Intentional misreporting of information on applications for federal financial aid funds is a violation of the law and is considered a criminal offense subject to penalties under the U.S. Criminal Code.
- Promptly return all additional information, documentation, verification, and/or corrections requested by the Financial Aid Office.
- Read and understand all documents you are asked to sign, and keep copies for your personal records. The Financial Aid Office at ACC should not be used as a holder for a student’s permanent records.
- Read and accept full responsibility for all agreements you sign.
- Notify your student loan lender(s) of changes in your name, address, and/or student status if you have a loan or loans.
- Perform the work you have agreed to in accepting a College Student Employment award.
- Know and comply with the refund/repayment policies and procedures of ACC.
- Understand the conditions under which each element of your financial aid package is offered and comply with the criteria for retention of your financial aid awards.
- Notify the Financial Aid Office if you receive assistance of any kind, from any source, that was not reported on your application for financial aid. Any such additional sources of assistance may cause your aid package to be reduced or canceled. This includes but is not limited to:
- Private scholarships/Foundation scholarships/grants
- Bureau of Indian Affairs (BIA) Awards
- Work Force Center Assistance
- Vocational Rehabilitation (Voc Rehab)
- Report financial aid received, with the exception of loans, to the Internal Revenue Service (IRS) as income if the aid received is greater than the tuition and fees charged plus the amount paid for books and supplies. Students are strongly encouraged to contact the IRS for specific details. Students are advised to keep records of tuition and fee charges, books, supplies, etc., for all semesters that you attended during a calendar year.
- Enroll for classes that apply towards your degree. Classes taken by audit or portfolio do not qualify as financial aid hours attempted and will be considered as non-completion of a course.
- A drug related conviction while receiving federal financial aid will disqualify you for aid for one year or more.
- To review ACC’s website regarding crime statistics at http://www.arapahoe.edu/student-resources/campus-safety