Financial Aid Rights and Responsibilities

Student Rights

  • To know the source(s) and amount(s) of aid for which they are eligible
  • To an explanation of all aid sources, including what sources must be repaid
  • The procedures for applying for various sources of aid and the deadlines for applying
  • To have complete information regarding fees, payment, and refund policies available to you
  • To request a reevaluation if circumstances change
  • To have all personal and family financial information treated confidentially

Student Responsibilities

  • Provide accurate information to the Office of Financial Aid
  • Provide any additional information requested during the application process
  • Use financial aid for educational expenses only
  • Maintain Satisfactory Academic Progress (SAP)
  • Report any additional financial aid received from outside sources
  • Repay all loans according to your established payment schedule. If you are in default on a loan, you are not eligible for additional financial aid
  • Repay any prior over award of financial aid

Proration

Adjusting loan amounts based on the number of enrolled credits is called proration. Beginning July 1, 2026, new borrowers enrolled in less than full-time will only be able to borrow an amount proportional to their enrollment status.  Further guidance from the U.S. Department of Education is expected.

STUDENT LOAN PRACTICES CODE OF CONDUCT

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Federal Verification

Federal verification is the process that ensures the information submitted on the FAFSA (Free Application for Federal Student Aid) is accurate. If your FAFSA is selected for verification by the Department of Education, the financial aid office will email you to request documentation and compare this information to your FAFSA. Documentation may include a verification worksheet, tax information, Statement of Education Purpose Form, government-issued ID, etc. If discrepancies are found, our office will need to process a FAFSA correction. This may result in a change to your federal financial aid amount. You will receive an email if a correction is needed or if there is a change to your financial aid amounts.

If your FAFSA is selected for verification, please respond to the financial aid administrator in a timely manner. Students are encouraged to submit documentation through their student portal within two weeks of the request. Delays in documentation can result in ineligibility for federal aid. Please contact our office at finaid@fdu.edu for verification questions.