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The benefit of financial aid at any institution requires students to be knowledgeable about their rights and responsibilities as borrowers. We’ve compiled a list to help students at ASU better understand these rights and responsibilities:

Students Have the Right to Know

  • The names of organizations which accredit and license the University
  • The University’s programs, instruction, laboratories, physical facilities, and faculty
  • The cost of attending the University and its refund policy
  • The type of financial assistance offered by the University from federal, state, local, and private programs
  • Who the financial aid personnel are and the location of the Financial Aid Office
  • What the procedures and deadlines are for applying for financial aid
  • How the University selects its financial aid recipients
  • How the University determines financial need
  • How much financial need has been met
  • How financial aid is received
  • About each type of financial assistance offered. Information about all student loans offered
  • The kind of Work-Study jobs offered, hours, duties, rate, and frequency of pay
  • When and how financial aid awards are adjusted
  • About special facilities for the handicapped
  • The University’s Satisfactory Progress Policy

Students Have the Responsibility to

  • Review and consider all information about the University before enrolling 
  • Pay special attention to the application for financial aid, complete it accurately, submit it on time and to the right place
  • Know all deadlines for applying for aid and meet them
  • Provide all required documentation, corrections, and/or information requested by the Financial Aid Office
  • Notify the University of any information that has changed since the financial aid application was submitted
  • Read, understand, and keep copies of all forms
  • Repay any student loans borrowed
  • Perform an entrance and exit interview
  • Notify the Financial Aid Office of a change in name, address, or enrollment status (half-time, full-time, three-quarter-time)
  • Satisfactorily perform the work agreed upon in a Federal Work-Study job description
  • Understand the University’s refund policy