Student Responsibilities and Financial Aid
Students are expected to fulfill certain responsibilities:
- Review and consider all information about a college’s program before enrolling.
- Pay special attention to the application for student financial aid, complete it accurately and submit it on time to the right place. Errors can delay the receipt of financial aid. 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 US Criminal Code.
- Return all additional documentation, verification, corrections, and/or new information requested by either the college or the agency to which the application has been submitted.
- Read and understand all forms before signing and keep copies of them.
- Accept responsibility for all loan agreements signed. No loan funds will be certified by the school until the student has completed the required Federal Entrance Loan Counseling and Master Promissory note available at www.studentloans.gov. Know what you will have to repay - sample loan repayment information is available also at www.studentloans.gov.
- Students who accept Federal Direct loans while enrolled are required to complete Federal Loan Exit counseling prior to graduation or if leaving the college. All accounts will remain on hold until this requirement is met.
- Loan recipients must notify the College and the lender of changes in address, name, or College status.
- Know and comply with the deadlines for application or reapplication for aid.
- Know and comply with the College’s refund procedures.
- Notify the business or financial aid office of any change in course load.
- Notify the business or financial aid office of any change in financial situation, either before or after an award is
- Changes in federal or state policy could affect the awards offered.
- Students must meet the Satisfactory Academic Progress policy requirements to continue to be eligible for all types of Financial Aid.
- Financial aid disbursements are posted to the students account to cover current charges. Students who are enrolled in only one semester will receive the loan payment in two equal disbursements.
- Any time a credit is created on the account a refund check is mailed to the student’s home address.
- Complete and current financial aid information (i.e., policies and procedures, types of aid, handbook, etc.) is available from the Financial Aid Office upon request. To request information call 704-403-3507
Student Rights and Financial Aid
An education in the health sciences involves time, money and effort. It is a large investment and requires careful evaluation. To make the best choice, a student should understand a college’s academic program, facilities, dropout rates, full cost of attendance, refund policy and financial aid programs. Students should also ask about any other details they think would help them make their decision.
Students have the right to ask a college:
- What financial assistance is available, including information on all federal, state and institutional financial aid programs?
- What are the deadlines for submitting applications for each of the financial aid programs available?
- What is the cost of attending and what are the policies on refunds?
- What criteria are used to select financial aid recipients?
- How does the college determine the financial need? This process includes how costs for tuition and fees, travel, books and supplies, living expenses, and miscellaneous expenses are considered in the budget.
- What resources (such as parental contribution, other financial aid, assets, etc.) are considered in the calculation of need?
- How much of the financial need, as determined by the institution, has been met?
- What programs are in the student aid package? (If students believe they have been treated unfairly, they may request reconsideration of the award).
- A bookstore voucher will be provided by the seventh day of the payment period to any student who meets all of the following requirements before the beginning of the payment period. *Has completed a current FAFSA form and listed Cabarrus College * has provided all required financial aid documents requested * is Pell grant eligible * would have a credit based only on Federal Student Aid sources. Students do not have to use the book store voucher provided and use of the voucher is considered to have authorized the use of the FSA funds.