Student Financial Aid• The location, hours and counseling procedures for the school’s financial aid office. • What financial aid assistance is available, including federal, state, local, private and institutional financial aid programs. • What are the procedures and deadlines for submitting aplications for each available financial aid program. • What is the school’s criteria for selecting financial aid recipients. • How does the school determine your financial need. • What is the process for determining the type and amount of assistance in your student financial aid package. • Their method and timing of financial aid payments to you. • The school’s basis for determining whether you’re making satisfactory academic progress, and what happens if you’re not. (Whether you continue to receive federal financial aid depends, in part, on whether you make satisfactory academic progress.) • If you’re offered a Federal Work-Study job, what is the natureof the job, the hours you must work, your duties, the pay and the method and timing of payment to you. Find out the school’s refund policy. If you enroll but never begin classes, you should get most of your money back. If you begin attending classes but leave before completing your course work, you might be able to get some of your money back. Find out the school’s completion and transfer-out rates. If many students withdraw from a school, it might indicatea problem with the school. A school is required to disclose to current and prospective students the percentage of its studentswho complete the school’s programs and the percentage ofstudents who transfer out. Student Financial Aid is important and knowing the answers to these questions is just as important. Before Accepting Student Financial Aid Student Financial Aid Pitfalls
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