Common use of FINANCIAL AID AND STUDENT LOANS Clause in Contracts

FINANCIAL AID AND STUDENT LOANS. This School does not provide any form of student financial aid or student loans and does not participate in any federal or state financial aid programs or consumer loans. If a student obtains a loan, the student will have to repay the full amount of the loan plus interest, less the amount of any refund, and if the student receives federal student financial aid funds, the student is entitled to a refund of the money not paid from federal financial aid funds. If the Student obtains a loan to pay for an educational program, Student will have the sole responsibility to repay the full amount of the loan plus interest and any terms and conditions as agreed between Student and lender. If the a student is eligible for a loan guaranteed by the federal or state government and the student defaults on the loan, both of the following may occur: The federal or state government or a loan guarantee agency may take action against the student, including applying any income tax refund to which the person is entitled to reduce the balance owed on the loan. The student may not be eligible for any other federal student financial aid at another institution or other government assistance until the loan is repaid.

Appears in 10 contracts

Samples: Student Enrollment Agreement, Student Enrollment Agreement, Student Enrollment Agreement

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