WHAT ARE MY RIGHTS?
I have the right to ask the school:
1. the names of its accrediting and licensing organizations
2. about its programs; its instructional, laboratory, and other physical
facilities; and its faculty
3. what the cost of attending is, and what its policy is on refunds to students
who drop out
4. the school's loan default rate (25 percent of higher results in student loan
restrictions)
5. the school's graduation rate, withdrawal rate, and job placement rate in my
program
6. what financial assistance is available, including information on all federal,
state, local, private and institutional financial aid programs
7. what the procedures and deadlines are for submitting applications for each
available financial aid program
8. how it selects financial aid recipients
9. how it determines my financial need (This process includes how costs for
tuition and fees, room and board, travel, books and supplies, and personal and
miscellaneous expenses are considered in my cost of education. It also includes
the resources considered in calculating my needs such as parental contribution,
other financial aid, assets, etc.)
10. how much of my financial need, as determined by the school, has been met
11. how and when I'll be paid
12. to explain each type and amount of assistance in my financial aid package
13. what the interest rate is on any student loan I have, the total amount I
must repay, the length of time I have to repay, when I must start repaying, and
what cancellation or deferment (postponement) provisions apply
14. if I am offered a College Work Study job--what type of job it is, what hours
I must work, what my duties will be, what the rate of pay will be, and how and
when I'll be paid
15. to reconsider my aid package, if I believe a mistake has been made, or if my
enrollment or financial circumstances have changed
16. how the school determines whether I am making satisfactory progress, and
what happens if I'm not
17. what special facilities and services are available to the handicapped
18. to have all of my financial information remain confidential
WHAT ARE MY RESPONSIBILITIES?
It is my responsibility to:
1. review and consider all information about the school's
program before I enroll
2. pay special attention to my application for student financial aid, complete
it accurately, and submit it on time
3. know and comply with all deadlines for applying or reapplying for aid
4. provide all documentation, corrections, and/or new information requested by
either the financial aid or the agency to which I submitted my application
5. notify my school of any information that has changed since I applied
6. read, understand, and keep copies of all forms I'm asked to sign
7. repay any student loans I have; when I sign a promissory note, I am agreeing
to repay my loan
8. complete entrance and exit counseling as required by the college
9. notify my school of a change in name, address, or attendance status; I must
notify my lender also
10. satisfactorily perform the duties of a Federal Work Study student
11. understand my school's refund and repayment policy
12. report the source and amount of any other financial assistance received
outside of the school
As mandated by the North Carolina Legislators, Martin Community College follows the state refund policy as established by the North Carolina Community College System. This state policy provides for a 100% refund of tuition if a student requests a refund prior to the first day of class for the enrollment period. This policy also provides for a 75% refund of tuition up to the 10% point of the semester. The student activity fee is refundable in the same manner as the tuition. NOTE: This policy is subject to change by the North Carolina Community College System.
Effective Fall 2000, students receiving federal aid, who withdraw from school before the 60% of the semester, may owe a portion of the aid already received for the semester. This will be figured by the Financial Aid office and prorated according to the federal guidelines. Students will be notified in writing as to the repayment amount. If a student fails to make the repayment, the student's account will be referred to the U.S. Department of Education for collection. This must be repaid before any additional federal aid can be awarded at any college.
Note that Title IV funds cannot be used to pay for an audit. If a student changes a class to an audit at any time during the semester, the student may owe a repayment. All audit forms must be signed by a financial aid officer before the audit can be processed.