FINANCIAL AID FUNDS. If the student obtains a loan to pay for the educational program, the student will have the responsibility to repay the full amount of the loan plus interest, less the amount of any refund. If the student has received federal student financial aid funds, the student is entitled to a refund of the money not paid from federal student financial aid program funds. If 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: (1) 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. (2) The student may not be eligible for any other federal student financial aid at another institution or other government financial assistance until the loan is repaid. International School of Nursing does not participate in a loan program guaranteed by the Federal or State Government. International School of Nursing does not extend credit or lending money to an individual for institutional and non-institutional charges for an educational program.
Appears in 9 contracts
Samples: Enrollment Agreement, Enrollment Agreement, Enrollment Agreement
