Financial Aid Rights and Responsibilities

Student Rights

Students have the right to obtain from the College the following:

  • The types of financial assistance available, including information on all federal, state, local, and institutional financial aid programs.
  • The criteria used to select financial aid recipients.
  • How to apply for financial aid and deadlines.
  • The type of financial assistance received and how the amounts of each were determined.
  • How the cost of attendance budget was developed at A-B Tech (tuition/fees, books, and supplies, room and board, personal and miscellaneous, transportation, etc.).
  • What resources (such as parental contribution, other financial aid, your assets, etc.) are considered in the calculation of your need.
  • How and when the financial aid will be distributed.
  • 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 what the interest rate is, the total amount that must be repaid, the payback procedures, the length of time you have to repay the loan, and when repayment begins.
  • How A-B Tech’s Financial Aid Office determines whether or not you are making satisfactory academic progress for financial aid and the consequences if you are not.
  • The policy for withdrawals and refunds for students who drop out.


Student Responsibilities

It is the responsibility of students to:

  • Notify the school/Financial Aid Office of any change in name, address, telephone number, or major.
  • Complete financial aid applications completely and accurately and submit them by the deadlines.
  • Supply all additional documentation, verification, corrections, and/or new information requested by the Financial Aid Office.
  • To notify the Financial Aid Office of any financial assistance received from sources outside of the college to prevent over awards of financial aid.
  • Read, understand and keep copies of all forms which they are asked to sign
  • Understand the college’s withdrawal and refund policy.
  • Understand the Financial Aid Office’s Return to Title IV refund policy and the consequences of withdrawing.

When requesting a Direct Loan, students must complete a Master Promissory Note (MPN) and Entrance Counseling. They must also watch the Financial Aid Matters video and notify the Financial Aid Office via email that they have watched it. Once no longer attending at least half-time, students are responsible for completing Exit Counseling.