In accepting a financial aid award from Indiana State University, you acknowledge certain terms and conditions.
I understand that:
- My financial aid eligibility is determined in accordance with laws, regulations, requirements and appropriations (existing and anticipated) of the U.S. Congress, the Indiana State Legislature, Indiana State University and other donors to the University.
- My financial aid eligibility is subject to adjustment or cancellation in the event changes occur in laws, regulations, appropriations, verification, discovery of data errors, receipt of additional financial aid, enrollment status or residency status during the payment period of my award.
- I need to notify the Office of Student Financial Aid of the sources and amount of any financial assistance received from other sources including scholarships, loans, assistantships, fellowships, etc. which do not appear on my financial aid awards. I further understand that if additional assistance reduces my eligibility, an adjustment in my awards may be necessary. This adjustment may include the return of loan funds or the necessity to repay other types of assistance already received.
- My cost of attendance will fluctuate as my enrollment changes up through the last day to add classes or the census date. This could impact my awards resulting in a reduction or cancelation.
- I understand that it is my responsibility to monitor my borrowing totals and limits. Loans are subject to adjustment or cancellation based on federal annual and/or cumulative limits.
- My aid eligibility is based on the financial information provided by me and/or my family, and that it is subject to adjustment or cancellation if changes occur or if errors are subsequently discovered.
- To receive financial aid, I must be making satisfactory academic progress toward earning my degree.
- I must maintain the enrollment level as required by each aid program for which I am receiving financial aid.
- If I withdraw from the University, stop attending classes before the end of the term or do not begin attendance in any classes, I may be expected to repay all or a portion of my financial aid. I agree to follow withdrawal procedures of Indiana State University.
- I must meet repayment obligations on any educational loan and repay any financial aid funds due as a result of withdrawal or an over award situation. Failure to do so could prevent future registration.
- No financial aid funds will be disbursed until I have met all eligibility requirements and provided all requested information.
- If I am a transfer student I understand aid eligibility is subject to adjustment or cancellation based on information received regarding aid usage at my previous institution(s).
- I will use financial aid to pay only education related expenses while I attend Indiana State University.
- I understand that the Office of Student Financial Aid communicates updates and important reminders via e-mail to my sycamore e-mail account.