Your Rights and Responsibilities
It's important to know your rights and responsibilities when it come to financial aid. This can help you through each step, like applying, receiving and using your aid. It also helps you understand what happens to your aid if you leave school before the semester ends.
- Terms and Conditions
Financial Aid Terms and Conditions
The information below is provided to help you understand the Terms and Conditions associated with your financial aid offer. You will official review and accept these terms in when you view your financial aid offer and take action.
Accepting your financial aid means you're agreeing to certain terms and conditions. Please read the information below carefully before accepting aid offered.
Use of Aid
I authorize the University of Northern Colorado (ΒιΆΉ΄«Γ½) to apply all accepted financial aid to my university charges, including indirect charges such as library, health insurance and parking. I understand I can cancel this authorization by contacting the Office of Financial Aid.Understanding My Responsibilities
I have read and agree to the following Financial Aid Rights and Responsibilities and the Guide to Awards, which include the following:- If I do not attend, drop, or withdraw from registered courses, especially module courses, I may be required to repay some or all of my financial aid.
- Repeating a previously passed course more than once does not count toward full-time enrollment for federal aid purposes.
- All aid received must be used for educational expenses related to attending ΒιΆΉ΄«Γ½.
- I must meet Satisfactory Academic Progress (SAP) as determined by ΒιΆΉ΄«Γ½ policies.
- I must be enrolled in an eligible degree-seeking program at ΒιΆΉ΄«Γ½. Certificate programs
and undeclared students who already hold a Bachelor's degree are not eligible for
aid.
- Undergraduate students must enroll in at least 12 credit hours to be full-time or 6 credit hours for half-time. Half-time is required for federal loans.
- Graduate students must enroll in at least 9 credit hours for full-time or 5 credit hours for half-time. Half-time is required for federal loans.
- Course Eligibility for Aid: Only courses that are required for my degree count toward financial aid eligibility. Once I finish requirements for one degree, even if I don't apply for graduation, I am no longer eligible for aid for that program. Adding a second major or dual degree does not extend aid for the first completed degree.
- Work-Study Awards: Work-Study is not guaranteed money. It represents potential earnings. To receive
these funds, I must:
- Find and be hired for an eligible work-study job.
- Work scheduled hours.
- Avoid working during class time.
- Pell Grant Information: If I am offered a Pell Grant, the amount is based on full-time enrollment (12+ credits) for fall and spring. My actual payment will adjust based on how many credits I take (enrolled credits Γ· 12) X 100%. Summer Pell is based on my summer enrollment.
- Loan Requirements: To receive any federal student or parent loans:
- I must complete a .
- require an application and credit check.
- Additional Aid: If I receive other types of aid (e.g., scholarships, vocational rehabilitation funds, resident advisor funding, graduate assistantships), my original financial aid offer may be adjusted or reduced.
- Electronic Consent: By submitting the FAFSA to ΒιΆΉ΄«Γ½, I agree to conduct my federal financial aid business electronically. This includes receiving emails, signing forms online, and managing aid through electronic records. This consent remains active until I cancel it in person through the Office of Financial Aid.
- Award Notice Disclaimer: I understand that my offer letter is based on the best estimates available at the time. Aid amounts and costs may change. I am responsible for checking regularly for updates and additional requirements.
- Your Rights
You have the right to:
- Receive factual information about costs, aid opportunities, program policies, etc., through publications and correspondence.
- Confidentiality. All financial aid information submitted to the Office of Financial Aid will remain confidential according to the University policy regarding the release of information from student records pursuant to the Family Educational Rights and Privacy Act of 1976.
- An answer. Any questions concerning the determination of your award can be answered by a professional staff member in the Office of Financial Aid.
- Accept all or part of the assistance offered. An award of one type of aid is not contingent upon acceptance of another.
- Have your financial need recalculated if there has been a significant change in your family financial situation. This does not always result in an increase in your award.
- Examine your financial aid records. You may request a review with a financial aid administrator on a walk-in basis. Dependent students cannot review their parents' income information. Parents/spouses cannot view an independent student's information without written consent.
- Fair treatment. The University of Northern Colorado does not discriminate on the basis of race, color, sex, national or ethnic origin, physical or mental disability, veteran status or age.
Report a Concern - ΒιΆΉ΄«Γ½ Dean of Students
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Financial Contract
Per the Department of Education Regulations, all Universities are required to post copies of any contractual relationships with financial institutions that provide services to students. Per these regulations, the following links will provide a copy of the current contract between Wells Fargo Bank and the University of Northern Colorado, account disclosure information, and contractual history.- Financial Contract between Wells Fargo and the University of Northern Colorado
- Link to Contractual Payment History
- Contract Amendment
- Campus ATM Card
The Department of Educationβs (ED) Cash Management regulations 34 CFR 668.164(d)(4)(i)(B)(2) (issued October 2015), require institutions participating in T2 (Campus Card) arrangements to list and identify the major features and commonly assessed fees as well as a URL for the terms and conditions of each financial account offered under the arrangement.
The Department of Educationβs Cash Management regulations 34 CFR 668.164(d)(4)(i)(B)(2), require institutions participating in T2 (Campus Card) arrangements to list and identify the major features and commonly assessed fees as well as a URL for the terms and conditions of each financial account offered under the arrangement.
- Your Responsibilities
You are responsible for:
- Meeting your college costs. In addition, if you are a dependent student, your parents share this responsibility. Financial aid may be available when your resources are not sufficient to meet those costs.
- Supplying accurate information on all forms submitted. Funds obtained on the basis of false or misleading information must be repaid, and could result in criminal prosecution, prison sentence and/or a $20,000 fine pursuant to US Criminal Code and Colorado Criminal Code.
- Reporting any assistance received from sources outside our office.
- Completing all requested documentation by the required date(s).
- Meeting the deadline for completing the verification process: If selected, the deadline for an otherwise eligible student to complete the verification process for all federal aid programs is the date established annually in the or 120 days after the last day of the student's enrollment, whichever is earlier.
- Responding to all requests from the Office of Financial Aid in a timely manner.
- Reporting any change in your circumstances that might affect your eligibility for financial aid. These changes include residency, enrollment status (withdrawing or dropping from a class or from school), class standing, increase or decrease of financial resources and marital status.
- Using financial aid funds for expenses related to your attendance at the University of Northern Colorado.
- Repaying all types of loan assistance. You must inform lenders of any changes in your name, address or enrollment status while you are attending school or after you leave or graduate.
- Being aware of all conditions that relate to the receipt of your financial aid.
- Meeting the Standards of Satisfactory Academic Progress.
- Being aware if you fail to attend, drop or withdraw from classes, you may have to repay part or all of your aid. For more information, please see ΒιΆΉ΄«Γ½'s Financial aid and withdrawal policy.
- Changing Your Name with ΒιΆΉ΄«Γ½
- Please note that if you are changing your legal name with ΒιΆΉ΄«Γ½, you must also change it with the Social Security Administration if your new name is different from the name they have.
- Also, if you have a financial aid application on file, you must make the change to your name on your Free Application for Federal Student Aid after you have made the change with Social Security. Students with Pell Grants who do not follow the procedure risk losing the Pell Grant until the issue is resolved.
- Changing Your Social Security Number with ΒιΆΉ΄«Γ½
In order to process your Free Application for Federal Student Aid (FAFSA) the social security number on the FAFSA must match the Social Security Number on the University System. If you have given ΒιΆΉ΄«Γ½ an incorrect number you must provide a copy of your social security card to the Registrar's Office at ΒιΆΉ΄«Γ½.
- Consortium Agreements
A consortium agreement is a contract between two colleges/universities that recognize the registration of a student at each site for financial aid and transfer credit purposes. The consortium agreement certifies that only one of the two colleges/universities will administer Title IV financial aid for the student.
Definitions
Home Institution - the school where the student is admitted and from which they will earn a degree. The University of Northern Colorado (ΒιΆΉ΄«Γ½) assumes the role of home institution.
Host Institution - the school where the student temporarily takes courses, whose credits will be transferred back to their βhomeβ institution. Any institution that enters into this agreement with ΒιΆΉ΄«Γ½ will assume the role of host institution.
Term of Enrollment - the period in which the student will be enrolled. This can be reported as dates or as semesters (i.e., FALL, SPRING, SUMMER).
Note:
Financial aid from ΒιΆΉ΄«Γ½ cannot be applied directly to the host schoolβs bill. The student is responsible for paying the host school according to their billing terms and dates.Eligibility
The following circumstances must apply for a student to initiate a consortium agreement with another institution (host):
- Student must be enrolled as a degree seeking student at ΒιΆΉ΄«Γ½.
- Host school must be Title IV eligible.
- Student must be enrolled at least half-time at ΒιΆΉ΄«Γ½ for the enrollment period:
β’ 6 credit hours for undergraduate students (except for Summer, which is 3 credit hours)
β’ 5 credits for graduate students
β’ or, the student has extenuating academic circumstances that justify a consortium agreement, as determined by the ΒιΆΉ΄«Γ½ Office of Financial Aid. - In general, elective courses cannot be approved for consortium agreement.
- Dual-Enrollment Nursing Programs are not eligible.
- Students must have a 2.0 GPA and be otherwise eligible for financial aid.
- Consortium courses cannot be approved if the requirement is being, or already has been, satisfied by another course. (Example: a course being retaken)
- Independent Study courses are not eligible courses.
- Student cannot transfer more than 10 of their remaining 30 credits per Registrarβs
office policy.
β’ Please note: an excessive amount of consortium credits may prevent completion of ΒιΆΉ΄«Γ½ Residency requirements. For additional information, please see Residency Requirement in the ΒιΆΉ΄«Γ½ Academic Catalog.
β’ Failure to enter into a consortium agreement may postpone the student's expected graduation date from ΒιΆΉ΄«Γ½.
For more information on the ΒιΆΉ΄«Γ½-Aims Cooperative Agreement
For further information or request to apply for a consortium, schedule an or contact Michael Rangel