Students have the Responsibility to:
- Review and consider all information about ASCC’s program before enrolling
- Complete all financial aid application forms accurately and submit them on time. Intentional misreporting of information on application forms for federal financial aid is a violation of law and is considered a criminal offense subject to penalties under the U.S. Criminal Code.
- Provide all requested documents and verification items to the Financial Aid Office
- Report any additional resources received during the award year
- Read, understand, and keep copies of all forms requiring a signature, and accept responsibility for all signed documents
- Conduct themselves in a manner compati-ble with the published college regulations and with the college’s function as an educational institution as stipulated in the Student Code of Conduct?
Repayment Policies
Federal regulations require an evaluation to determine if an over-award exists should a student receive additional resources or misreport/fail to report available resources, or if a clerical error is made.
Important: You will be ineligible for additional financial aid until repayment is made in full or until payment arrangements are made.
If any portion of your FSA award was paid to you by check, to pay for non-institutional charges such as room and board, transportation, and miscellaneous expenses, you may be required to return some of that money to the ASCC Finance Office so that it may be repaid to the programs. The ASCC Finance Office will notify you via telephone, postal mail, e-mail or by word of mouth regarding your OVERPAYMENT. Any unearned funds must be returned to USDOE. You will not be asked to repay Federal Work Study wages which you have earned through employment.
National Student Loan Database System (NSLDS)
If you previously attended a college or university and received an overpayment of FSA or committed to a student loan agreement, the NSLDS will include your loan information on your SAR. After signing a promissory note, many students are vaguely aware of their responsibility to repay the funds. Defaulting on a student loan will affect your credit rating and could result in withholding or denial of federal student aid.
Drug-Related Convictions
If you have been convicted of the sale or possession of illegal drugs, your eligibility to receive FSA may be suspended if the offense occurred while you were receiving aid. Contact the Federal Student Aid Information Center at 1-800-4-FED-AID to find out more info. You may regain eligibility early by successfully completing an approved drug rehabilitation program.