Financial Aid Terms and Conditions
The financial aid identified on your Award Letter is being offered to you with the following conditions:
- You must be enrolled as a degree-seeking student.
- You must be a U.S. citizen or eligible non-citizen.
- You must be enrolled at least half-time to be eligible for the Federal Direct Loan(s). The annual maximum loan amount an undergraduate student may borrow must be prorated when the student's remaining period of study is shorter than an academic year and the student is enrolled in less than 12 credits. A student that is planning to graduate at the end of the Fall semester is subject to this requirement.
- You must be enrolled full-time (12 credit hours per semester) to receive most types of financial aid. If you enroll less than full-time, your financial aid awards (including, but not limited to, the Federal Pell Grant, SU grants/scholarships, Federal Perkins Loan, the Federal Supplemental Educational Opportunity Grant (SEOG) and Federal Direct Loans) may be reduced or cancelled.
- You must maintain Satisfactory Academic Progress (SAP).
- You must notify the Financial Aid Office of the sources and amounts of any financial assistance that you receive from all other sources, including but not limited to scholarships, loans, assistantships, fellowships and educational benefits that do not appear on your Financial Aid Award Notification.
- The Financial Aid Office reserves the right to adjust or cancel any award at any time because of the notification of awards not previously included on your Award Letter, changes in a student's financial status, academic status, or due to an awarding error. Changes reflected in your awards will result in an e-mail to the student which serves as notification of the change.
- The Financial Aid Office will not award or disburse a combined total of federal, state, institutional and/or private scholarships that exceeds a student's cost of attendance unless all of the funding comes from a private external source. The cost of attendance is a standardized budget including tuition, fees, room, board, and allowances for indirect costs such as books, transportation and personal expenses. Whenever a student's total aid package exceeds the cost of attendance, the Financial Aid Office will adjust or reduce aid offered by the university.
- If you are offered Federal Work Study (FWS) you must accept the FWS award and earn FWS funds in the current year in order to be considered for FWS in future years.
- You will be responsible for repaying any funds you receive that exceed your financial need, or if for any reason, you become ineligible for the financial aid.
- If you don't attend each class you are enrolled in or stop attending classes without officially withdrawing, your financial aid awards may be adjusted and repayment may be required.
- If you stop attending classes without officially withdrawing, your financial aid awards may be adjusted and repayment may be required.
- Awards are contingent upon continued funding from federal, state, and institutional sources. Your awards are subject to change and may be rescinded or reduced if funding is insufficient or discounted by legislative actions.
- If requested, you must provide documents to verify the accuracy of information reported on the FAFSA before financial aid funds can be awarded or disbursed.
- If after filing your FAFSA, you are convicted of possessing or selling drugs, you must notify the Financial Aid Office immediately.
- You must work in a Federal Work-Study (FWS) position to earn the FWS amount shown on your Award Letter. FWS funds are not disbursed into your University Billing Account. You receive a pay check every two weeks, just as in any other form of employment
- You will receive financial aid in two installments (one half is disbursed for fall semester; the second half for spring semester), unless otherwise noted. Disbursements are made directly to your student account.