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Financial Aid Conditions

 

By accepting financial aid awards, you agree to comply with the terms and conditions listed below and within the Financial Aid Eligibility Notice. 

  1. I understand that my financial aid eligibility is determined in accordance with laws, regulations and appropriations (existing or anticipated) of the U.S. Congress, the State legislature of Connecticut and other donors.

  2. I understand that my financial aid eligibility is subject to adjustment or cancellation in the event changes occur in laws, regulations or appropriations during the period of my award. 

  3. I agree to notify the Financial Aid Office of sources and amounts of my financial assistance that I may receive from other sources including scholarships, loans, assistantships, fellowships, educational benefits, etc. which do not appear on my Financial Aid Award Notice. I further understand that additional assistance reduces my eligibility and adjustments in my awards may be necessary. This adjustment may include the return of loan funds to my lender or the necessity to repay other types of assistance already received. 

  4. I understand that 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. 

  5. I understand that in order to receive financial aid I must be making satisfactory progress toward my degree as described in the “Satisfactory Academic Progress Policy.” 

  6. I understand if I am receiving a Pell Grant I may received it for a maximum of 6 years or its equivalent as determined by the U.S. Department of Education. 

  7. Unless otherwise indicated in the message section of the Financial Aid information on Central Pipeline, I understand that I must be enrolled full-time to receive my full financial aid awards (12 credit hours each semester as an undergraduate or 9 hours each semesters as a graduate student).

  8. If I withdraw from the University, stop attending classes before the end of the semester or do not commence attendance in any classes, I understand I may be expected to repay all or a portion of my aid funds. I agree to follow CCSU withdrawal procedures available from the Office of the Registrar. 

  9. I understand that 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 or I will not be eligible for future financial aid and I may have a hold placed on my University records. 

  10. I understand that I may have to take additional action before my aid will be finalized (on my Central Pipeline) if an award is listed as ‘pending’, ‘anticipated’ or ‘estimated’. Furthermore I understand that no funds will be disbursed for these types until all required actions are completed. 

  11. I understand that as a transfer student my aid eligibility is subject to adjustment or cancellation based on information received regarding aid usage at my previous institution. 

  12. If I am offered and accept Federal Work Study (FWS) I understand it is my responsibility to secure an FWS position, turn in all required forms and earn my award money in wages paid by my employer. 

  13. I accept a loan; I understand that I may be required to sign a promissory note. I understand I am fully responsibility for repaying the loan and meeting all other terms and conditions of the loan, including notifying the lender or loan servicer if I move or I change addresses or if I change my name. 

  14. I understand that I must notify the financial aid office in writing of any changes in my citizenship, state residency status, education loan repayment status, and my refund status for federal and state grants that were previously received. 

  15. I understand that if I want to borrow from the Federal Stafford or PLUS loan programs or borrow private loans; I must follow the instructions provided with my financial aid notice. I also understand tht the Federal PLUS and private loans require credit check before any application will be processed and that I am responsible for any balance owed if a loan is denied. 

  16. I understand that I must file the Free Application for Federal Student Aid (FAFSA) each year by the priority deadline that I wish to be considered for financial aid. CCSU traditionally required the FAFSA be filed by March 1 for incoming and April 15 for all continuing students. 

  17. I understand that eligibility for federal and state of Connecticut student aid will be based on the number of credit hours in which I am enrolled as of the end of the third week of class of each semester. I also understand that if I withdraw from the university during a semester or summer session I may be required to repay a portion of any federal or state financial aid I received during tht period. 

  18. I understand that the Financial Aid Office communicates updates and important information via e-mail to a student’s CCSU e-mail account. It is important to read any emails from finaid@ccsu.edu as this is the listed sender for all financial aid. 

  19. As a student loan borrow I have the right to: (Provided by the loan servicer. Information provided on www.nslds.ed.gov.)

    • Written information on my loan obligation and information on my rights and responsibilities as a borrow. 
    • A payment grace period and explanation and of what this term means.
    • A disclosure statement received before I begin to repay my loan that includes information about the interest rate, fees, the balance I owe and the number of payments.
    • Deferment of repayment for certain defined periods, if I qualify and if I request it.
    • Forbearance if I qualify and If I request it.
    • Prepayment of my loan in whole or in part any time without an early repayment penalty.
    • A copy of my promissory note either before or at the time my loan is disbursed.
    • Documentation that my loan is paid in full.  

 

 

 

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