As a participant in the U.S. Department of Education aid programs, MSOE is required to provide a list of students' rights and responsibilities as they pertain to the aid programs. Please carefully read the following.
The student has the right to ask the Financial Aid Office:
- What are the types of financial assistance programs available?
- What are the deadlines for submitting applications for each of the financial aid programs?
- What is the cost of attendance?
- What are the policies on refunds to students who withdraw?
- What criteria are used to select financial aid recipients?
- How is financial need - including costs for tuition, room and board, books and supplies, transportation, and personal miscellaneous - determined?
- What resources (such as family contribution or other financial aid) are considered in calculating a student's need?
- How much of a student's financial need, as determined by the institution, has been met?
- How and when will funds be disbursed?
- Explain the various programs in a student's financial aid package. If a student believes he or she has been treated unfairly, he or she may request reconsideration of the award which was made.
- What portion of the financial aid you receive must be repaid, and what portion is grant aid? If the assistance is a loan, a student has the right to know the interest rate, the total amount that must be repaid, the payback procedures, the length of time he or she has to repay the loan, and when repayment is to begin.
- How does MSOE determine whether satisfactory academic progress (SAP) is being made, and what happens if SAP is not made?
It is the student's responsibility to:
- review and consider all information about a university's program before enrolling.
- pay special attention to the FAFSA, complete it accurately and submit it in a timely manner to the correct place. 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 documentation, corrections and/or new information requested by either the Financial Aid Office or the agency to which the application was submitted.
- notify the Financial Aid Office of any changes in enrollment status, name, address and any aid obtained from private sources. A student must keep the office and any lender informed of withdrawal or graduation.
- read, understand, and keep copies of all forms.
- accept responsibility for all signed agreements.
- know and comply with the deadlines for application or reapplication of aid. Students must reapply for aid each academic year.
- know and comply with MSOE's refund procedures.
- know that any financial aid awarded should be used solely for expenses related to attendance at MSOE.
MSOE Financial Aid Office
OE Number 003868
OE Number 003868