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 students in a degree or certificate program should complete the
Free Application for Federal Student Aid ("FAFSA") for
the following school year anytime after midnight on January 1st of the preceding year –
see deadlines. 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).
2. Read all materials sent to you from the Financial Aid Office and other agencies awarding
you aid. Read, understand, and keep copies of all forms you sign. At KVCC, your KVCC e-mail
account is the official means of communication, so you should check your e-mail account often
for announcements.
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 , or
Federal Academic Competitiveness Grant , due to repayment.
4. Provide additional documentation, federal tax returns, W-2's, and any additional information. See
Application Process.
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 (see
Financial Aid and Your Bill/Refund Policies) that dropping a course or withdrawing from KVCC 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. KVCC offers a number of resources to help you succeed academically and we expect that you will fully utilize them. These resources include:
· The Marden Success Center
·
Disability Services
10. All F-grades - Student fnancial 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. See
Financial Aid and Your Bill/Refund Policies.
· Students receiving all F-grades who have borrowed under the
Federal Stafford loan program will be required to complete a
Federal Stafford Loan Exit Interview.
11. Report private sources of student financial aid to Financial Aid Office. Please submit a copy of your outside scholarship award letter to the Financial Aid Office.
· Keep your local and permanent addresses current with the Registrar’s Office and the Financial Aid 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 any loan 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 Financial Aid Office in regard to your application. Appeals must be filed no later than 10 days after the original notification that you have been denied aid.
