Students have the right to:
- Know what financial aid assistance is available, including information on all Federal, Local, and Institutional financial aid programs
- Know the application submission deadlines
- Know the cost of attending ASCC for determination of financial aid eligibility
- Know how ASCC calculates financial need
- Know how your financial need was determined and what resources (such as parental contribution, assets, other financial aid, etc.) are considered in the need calculation
- Know how much of the financial need has been met
- Know what portion of your financial aid must be refunded or repaid to the Federal student aid programs if you withdraw, drop out, are suspended, or are expelled
- Request an explanation of the various types of aid in the award package. If dissatisfied with the award, students may request a review by contacting the Financial Aid Office.
Student Withdrawal and the Return of Pell, and FSEOG Funds
The Financial Aid Office requests Title IV funds for qualified recipients under the assumption that the student will attend the entire period of enrollment for which the assistance is awarded. However, if the student withdraws from school before the completion of the enrollment period, the student may no longer be eligible for the full award she/he originally was scheduled to receive.
Return of Title IV Funds
Per federal regulations, any student who receives financial aid and then withdraws from all classes prior to completing 60% of the semester/program and/or course will be required to repay a portion of any unearned federal financial aid received. The Financial Aid Office will calculate the amount of unearned federal aid and notify the student of the amount to be returned, the due date, and the procedure.
Students considering dropping classes should first consult with the Financial Aid Office to understand the implications of a complete withdrawal.