An education is a privilege and your responsibility. Therefore, you are expected to contribute toward your education to the best of your abilities and with the help of your family.
Financial aid is only a supplement to help meet some of the costs associated with your education.
More responsibilities are listed below, as well as some resources to help you manage the process:
- Financial Aid Advisors are available to help – make use of them.
- Read and be aware of Financial Aid Programs and the Application Process.
- Understand your Student Rights and Responsibilities, and the implications of all forms you sign.
- Stay on top of your Satisfactory Academic Progress and Eligibility.
- Keep copies of all documents submitted to the Financial Aid Office and note the dates submitted.
- Take responsibility for your part in the financial aid process, and ensure yourself of the most aid possible by being prompt, organized, and alert.
- Read the NMSU Catalog and Class Schedule thoroughly.
- Know and understand policies regarding Admissions, Costs, Payments and Refunds, Registration, and Disbursement of Funds.
You have the right to know…
- What financial aid programs are available at your school
- The deadlines for submitting applications for each of the programs
- How financial aid will be distributed, how decisions on distribution are made, and the basis for these decisions
- How your financial need was determined
- What resources were considered in the calculation of your need
- How much of your financial need as determined by the institution has been met
- The details of the various programs in your student aid package
- Your school’s refund policy
- What portion of the financial aid you received must be repaid, and what portion is grant aid. If the aid is a loan, you have the right to know the interest rate, the total amount that must be repaid, the payback procedures, the length of time you have to repay the loan, and when repayment is to begin
- How your school determines if you are making satisfactory progress, and what happens if you are not.
- How your school determines return of funds to Title IV programs if you withdraw from the university
In accepting your responsibilities, you must…
- Complete all application forms accurately and submit them on time to the proper place
- Provide correct information. In most instances, misreporting information on financial aid application forms is a violation of law and may be considered a criminal offense that could result in indictment under the US Criminal Code
- Return all additional documentation, verification, corrections, and/or new information requested by either the Office of Student Financial Aid and Scholarship Services or the agency to which you submitted your application
- Be responsible for reading and understanding all forms that you are asked to sign, and for keeping copies of them
- Live up to all agreements that you sign
- Perform the work agreed on in accepting a work-study award
- Be aware of and comply with deadlines for application or reapplication for aid
- Be aware of your school’s refund procedures
- Report changes in name, address, telephone number, and enrollment status to Financial Aid and Scholarship Services