Common use of FINANCIAL AID Clause in Contracts

FINANCIAL AID. I understand that aid described as “estimated” on my Financial Aid Award does not represent actual or guaranteed payment, but is an estimate of the aid I may receive if I meet all requirements stipulated by the relevant aid program. If my eligibility for financial aid changes for any reason, I understand that I will be responsible for any charges on my account that were previously covered by financial aid and that I will be responsible for repaying to the lender any credit balances that were refunded to me. I understand and agree that the federal financial aid I receive will be applied by the University for the payment of mandatory fees, and fees for tuition and room and board, which I owe the University. I further understand that if I want the University to apply my federal financial aid to other charges which appear on my fee xxxx during the academic year, I must complete a Title IV Financial Aid Authorization, which is available on the student administration system website, under the heading of “Student Help,” or by following this link: I understand that all prizes, awards, scholarships and grants awarded to me by the University will be credited to my student account and applied toward any outstanding balance owed the University. I further understand that my receipt of a prize, award, scholarship or grant is considered a financial resource under federal Title IV financial aid regulations, and may therefore reduce my eligibility for other federal and/or state financial aid (i.e., loans, grants, Federal Work Study) which, if already disbursed to my student account, may have to be reversed and returned to the aid source. I understand that amounts I will owe for the repayment of my student loans may not be dischargeable in bankruptcy.

FINANCIAL AID. Federal Aid: I understand that aid described as “estimated” on my Financial Aid Award does not represent actual or guaranteed payment, but is an estimate of the any federal Title IV financial aid I may receive if I meet all requirements stipulated by the relevant aid program. If my eligibility receive, except for financial aid changes for Federal Work Study (FWS) wages, will first be applied to any reason, I understand that I will be responsible for any charges outstanding balance on my account that were previously covered by financial aid and that I will be responsible for repaying to the lender any credit balances that were refunded to me. I understand and agree that the federal financial aid I receive will be applied by the University for the payment of mandatory tuition, fees, and fees for tuition and room and board, which I owe the University. I further understand that if I want the University to apply my federal Title IV financial aid to other charges which appear on my fee xxxx during includes aid from the academic yearPell Grant, I must complete a Title IV Financial Aid AuthorizationSupplemental Educational Opportunity Grant (SEOG), which is available on the student administration system websiteDirect Loan, under the heading of “Student Help,” or by following this linkPLUS Loan, Xxxxxxx Loan, and TEACH Grant programs. Prizes, Awards, Scholarships, Grants: I understand that all prizes, awards, scholarships scholarships, and grants awarded to me by the University {Institution Name} will be credited to my student account and applied toward any outstanding balance owed the Universitybalance. I further understand that my receipt of a prize, award, scholarship scholarship, or grant xxxxx is considered a financial resource under according to federal Title IV financial aid regulationsregulations and may, and may therefore therefore, reduce my eligibility for other federal and/or state financial aid (i.e., loans, grants, Federal Work Study) which), which if already disbursed to my student account, may have to must be reversed and returned to the aid source. I understand that amounts my Financial Aid Award is contingent upon my continued enrollment and attendance in each class upon which my financial aid eligibility was calculated. If I will owe for drop any class before completion, I understand that my financial aid eligibility may decrease and some or all of the repayment financial aid awarded to me may be revoked. If some or all of my student loans may not be dischargeable financial aid is revoked because I dropped or failed to attend class, I agree to repay all revoked aid that was disbursed to my account and resulted in bankruptcya credit balance that was refunded to me.

FINANCIAL AID. I understand that aid described as “estimated” on my Financial Aid Award does is subject to change based on any subsequent corrections or updates made to my FAFSA, any updates made to my information utilized when making a determination on my financial aid eligibility, any updates to my enrollment level, or any student eligibility criteria under each financial aid program that is not represent actual or guaranteed payment, but fully met. I understand that my Financial Aid Award is an estimate of the contingent upon my continued enrollment and academic engagement in each class upon which my financial aid I may receive if I meet all requirements stipulated by the relevant aid programeligibility was calculated. If my eligibility for financial aid changes for I drop any reasonclass before completion, I understand that I will be responsible for any charges on my account that were previously covered by financial aid eligibility may decrease and that I will be responsible for repaying to some or all of the lender any credit balances that were refunded to me. I understand and agree that the federal financial aid I receive will be applied by the University for the payment of mandatory fees, and fees for tuition and room and board, which I owe the University. I further understand that if I want the University to apply my federal financial aid to other charges which appear on my fee xxxx during the academic year, I must complete a Title IV Financial Aid Authorization, which is available on the student administration system website, under the heading of “Student Help,” or by following this link: I understand that all prizes, awards, scholarships and grants awarded to me by may be rescinded in accordance with federal and/or institutional policy. If some or all of my financial aid is rescinded because I dropped or failed to attend any or all of the University will be credited courses for which I am enrolled, I agree to repay all rescinded amounts that were disbursed to my student account and resulted in a credit balance that was refunded to me. Higher Education Act of 1965, as amended, will first be applied toward to any outstanding balance owed on my account for tuition, fees, and other eligible institutional charges. These federal student aid programs include the UniversityFederal Pell Grant, Federal Supplemental Educational Opportunity Grant (FSEOG), Federal Direct Loan, and Federal PLUS Loan programs. I While the Federal Work-Study program is a Title IV program, student earnings are not applied in the same manner as the aforementioned programs. further understand that my receipt of a prize, award, scholarship or grant such an award is considered a financial resource under federal Title IV financial aid regulationsregulation, and may therefore reduce my eligibility for other federal and/or state federal, state, or institutional sources of financial aid (i.e., loans, grants, Federal Work Studyand work-based funds) which, if already disbursed to my student account, may have to must be reversed rescinded and returned to the aid source. I understand that amounts I will owe for the repayment of my student loans may not be dischargeable in bankruptcy.

FINANCIAL AID. Federal Aid: I understand that aid described as “estimated” on my Financial Aid Award does not represent actual or guaranteed payment, but is an estimate of the any federal Title IV financial aid I may receive if I meet all requirements stipulated by the relevant aid program. If my eligibility receive, except for financial aid changes for Federal Work Study (FWS) wages, will first be applied to any reason, I understand that I will be responsible for any charges outstanding balance on my account that were previously covered by financial aid and that I will be responsible for repaying to the lender any credit balances that were refunded to me. I understand and agree that the federal financial aid I receive will be applied by the University for the payment of mandatory tuition, fees, and fees for tuition and room and board, which I owe the University. I further understand that if I want the University to apply my federal Title IV financial aid to other charges which appear on my fee xxxx during includes aid from the academic yearPell Grant, I must complete a Title IV Financial Aid AuthorizationSupplemental Educational Opportunity Grant (SEOG), which is available on the student administration system websiteDirect Loan, under the heading of “Student Help,” or by following this linkPLUS Loan, Xxxxxxx Loan, and TEACH Grant programs. Prizes, Awards, Scholarships, Grants: I understand that all prizes, awards, scholarships scholarships, and grants awarded to me by the University {Institution Name} will be credited to my student account and applied toward any outstanding balance owed the Universitybalance. I further understand that my receipt of a prize, award, scholarship scholarship, or grant is considered a financial resource under according to federal Title IV financial aid regulationsregulations and may, and may therefore therefore, reduce my eligibility for other federal and/or state financial aid (i.e., loans, grants, Federal Work Study) which), which if already disbursed to my student account, may have to must be reversed and returned to the aid source. I understand that amounts my Financial Aid Award is contingent upon my continued enrollment and attendance in each class upon which my financial aid eligibility was calculated. If I will owe for drop any class before completion, I understand that my financial aid eligibility may decrease and some or all of the repayment financial aid awarded to me may be revoked. If some or all of my student loans may not be dischargeable financial aid is revoked because I dropped or failed to attend class, I agree to repay all revoked aid that was disbursed to my account and resulted in bankruptcya credit balance that was refunded to me.

FINANCIAL AID. I understand that aid described as “estimated, pending, or verification” on my Financial Aid Award does not represent actual or guaranteed payment, but is an estimate of the aid I may receive if I meet all requirements stipulated by the relevant aid program. If I understand that my eligibility for Financial Aid Award is contingent upon my continued enrollment and attendance in each class upon which my financial aid changes for eligibility was calculated. If I drop any reasonclass before completion, I understand that my financial aid eligibility may decrease and some or all of the financial aid awarded to me may be revoked. If some or all of my financial aid is revoked because I will be responsible for any charges on dropped or failed to attend class, I agree to repay all revoked aid that was disbursed to my account and resulted in a credit balance that were previously covered by financial aid and that I will be responsible for repaying to the lender any credit balances that were was refunded to me. I understand and agree that the federal financial aid I receive will be applied by the Morningside University for the payment of mandatory fees, and fees for tuition and room and board, which I owe the University. I further understand that if I want the University to apply my federal financial aid to other charges which appear on my fee xxxx bill during the academic year, I must complete a Title IV Financial Aid AuthorizationCertification Statement For Use of Federal Funds to Cover Other Charges, which is available part of the validation process on the your student administration system website, under the heading of “Student Help,” or by following this link: dashboard in CampusWeb. I understand that all prizes, awards, scholarships and grants awarded to me by the Morningside University will be credited to my student account and applied toward any outstanding balance owed the Universitybalance. I further understand that my receipt of a prize, award, scholarship or grant is considered a financial resource under according to federal Title IV financial aid regulations, and may therefore reduce my eligibility for other federal and/or state financial aid (i.e., loans, grants, Federal Work Study) which, if already disbursed to my student account, may have to must be reversed and returned to the aid source. I understand that amounts I will owe for the repayment of my student loans may not be dischargeable in bankruptcy.

FINANCIAL AID. I understand that aid described as “estimated” on my Financial Aid Award does not represent actual or guaranteed payment, but is an estimate of the aid I may receive if I meet all requirements stipulated by the relevant aid program. If my eligibility for financial aid changes for any reason, I understand that I will be responsible for any charges on my account that were previously covered by financial aid and that I will be responsible for repaying to the lender any credit balances that were refunded to me. I understand and agree that the federal financial aid I receive will be applied by the University for the payment of mandatory fees, and fees for tuition and room and board, which I owe the University. I further understand that if I want the University to apply my federal financial aid to other charges which appear on my fee xxxx bill during the academic year, I must complete a Title IV Financial Aid Authorization, which is available on the student administration system website, under the heading of “Student Help,” or by following this link: I understand that all prizes, awards, scholarships and grants awarded to me by the University will be credited to my student account and applied toward any outstanding balance owed the University. I further understand that my receipt of a prize, award, scholarship or grant is considered a financial resource under federal Title IV financial aid regulations, and may therefore reduce my eligibility for other federal and/or state financial aid (i.e., loans, grants, Federal Work Study) which, if already disbursed to my student account, may have to be reversed and returned to the aid source. I understand that amounts I will owe for the repayment of my student loans may not be dischargeable in bankruptcy.

FINANCIAL AID. I understand that aid described as “estimated, pending, or verification” on my Financial Aid Award does not represent actual or guaranteed payment, but is an estimate of the aid I may receive if I meet all requirements stipulated by the relevant aid program. If I understand that my eligibility for Financial Aid Award is contingent upon my continued enrollment and attendance in each class upon which my financial aid changes for eligibility was calculated. If I drop any reasonclass before completion, I understand that my financial aid eligibility may decrease and some or all of the financial aid awarded to me may be revoked. If some or all of my financial aid is revoked because I will be responsible for any charges on dropped or failed to attend class, I agree to repay all revoked aid that was disbursed to my account and resulted in a credit balance that were previously covered by financial aid and that I will be responsible for repaying to the lender any credit balances that were was refunded to me. I understand and agree that the federal financial aid I receive will be applied by the University Morningside College for the payment of mandatory fees, and fees for tuition and room and board, which I owe the UniversityCollege. I further understand that if I want the University College to apply my federal financial aid to other charges which appear on my fee xxxx bill during the academic year, I must complete a Title IV Financial Aid AuthorizationCertification Statement For Use of Federal Funds to Cover Other Charges, which is available part of the validation process on the your student administration system website, under the heading of “Student Help,” or by following this link: dashboard in CampusWeb. I understand that all prizes, awards, scholarships and grants awarded to me by the University Morningside College will be credited to my student account and applied toward any outstanding balance owed the Universitybalance. I further understand that my receipt of a prize, award, scholarship or grant is considered a financial resource under according to federal Title IV financial aid regulations, and may therefore reduce my eligibility for other federal and/or state financial aid (i.e., loans, grants, Federal Work Study) which, if already disbursed to my student account, may have to must be reversed and returned to the aid source. I understand that amounts I will owe for the repayment of my student loans may not be dischargeable in bankruptcy.

FINANCIAL AID. I understand that aid described as “estimated” on my Financial Aid Award does not represent actual or guaranteed payment, payment but is an estimate of the aid I may receive if I meet all requirements stipulated by the relevant aid program. If my eligibility for financial aid changes for any reason, I understand that I will be responsible for any charges on my account that were previously covered by financial aid and that I will be responsible for repaying to the lender any credit balances that were refunded to me. I understand and agree that the federal financial aid I receive will be applied by the University for the payment of mandatory fees, and fees for tuition tuition, and room and board, which I owe the University. I further understand that if I want the University to apply my federal financial aid to other charges which appear on my fee xxxx bill during the academic year, I must complete a Title IV Financial Aid Authorization, which is available on the student administration system website, under the heading of “Student Help,” heading or by following this link: xxxxx://xx.xxxxx.xxx/space/SAS/10769925292/Authorizing+the+Use+of+Title+IV+Funds+for+Fee+Bill+Payments. I understand that all prizes, awards, scholarships scholarships, and grants awarded to me by the University will be credited to my student account and applied toward any outstanding balance owed the University. I further understand that my receipt of a prize, award, scholarship scholarship, or grant xxxxx is considered a financial resource under federal Title IV financial aid regulations, and may therefore reduce my eligibility for other federal and/or state financial aid (i.e., loans, grants, Federal Work Study) which, if already disbursed to my student account, may have to be reversed and returned to the aid source. I understand that amounts I will owe for the repayment of my student loans may not be dischargeable in bankruptcy.

FINANCIAL AID. I understand that aid described as “estimated, pending, or verification” on my Financial Aid Award does not represent actual or guaranteed payment, but is an estimate of the aid I may receive if I meet all requirements stipulated by the relevant aid program. If I understand that my eligibility for Financial Aid Award is contingent upon my continued enrollment and attendance in each class upon which my financial aid changes for eligibility was calculated. If I drop any reasonclass before completion, I understand that my financial aid eligibility may decrease and some or all of the financial aid awarded to me may be revoked. If some or all of my financial aid is revoked because I will be responsible for any charges on dropped or failed to attend class, I agree to repay all revoked aid that was disbursed to my account and resulted in a credit balance that were previously covered by financial aid and that I will be responsible for repaying to the lender any credit balances that were was refunded to me. I understand and agree that the federal financial aid I receive will be applied by the University Morningside College for the payment of mandatory fees, and fees for tuition and room and board, which I owe the UniversityCollege. I further understand that if I want the University College to apply my federal financial aid to other charges which appear on my fee xxxx bill during the academic year, I must complete a Title IV Financial Aid AuthorizationCertification Statement For Use of Federal Funds to Cover Other Charges, which is available on the student administration system website, under the heading of “Student Help,” or by following this link: I understand that all prizes, awards, scholarships and grants awarded to me by the University Morningside College will be credited to my student account and applied toward any outstanding balance owed the Universitybalance. I further understand that my receipt of a prize, award, scholarship or grant is considered a financial resource under according to federal Title IV financial aid regulations, and may therefore reduce my eligibility for other federal and/or state financial aid (i.e., loans, grants, Federal Work Study) which, if already disbursed to my student account, may have to must be reversed and returned to the aid source. I understand that amounts I will owe for the repayment of my student loans may not be dischargeable in bankruptcy.

FINANCIAL AID. I understand that aid described as “estimated” on my Financial Aid Award does not represent actual or guaranteed payment, but is an estimate of the aid I may receive if I meet all requirements stipulated by the relevant that aid program. If my In particular, in order to earn all financial aid awarded to me, I must attend and complete the required portion of the term in which I am enrolled per federal financial aid regulations. Please note for the summer term, if a student ONLY registers for classes that begin after June 30th (2nd 6‐ week session), there is no eligibility for Federal Student Financial Aid. I understand that my Financial Aid Award is contingent upon my continued enrollment and attendance in each class upon which my financial aid changes for was calculated. If I drop, withdraw, or fail to attend any reasonclass before completion, I understand that my federal financial aid will decrease and some or all of the aid awarded to me may be revoked. If some or all of my financial aid is revoked because of any of the above conditions, I agree to repay all aid that was disbursed to my account which resulted in a credit balance that was refunded to me. In addition, any undisbursed financial aid will either be returned to the Department of Education or credited to my account according to federal financial aid regulations. If any financial aid adjustments result in an outstanding balance, I will be responsible for any charges on my account that were previously covered by financial aid and that I will be responsible for repaying payment due to the lender any credit balances that were refunded to meCCAC within 30 days. I understand and agree that the federal financial aid that I receive am awarded will be applied by the University for the payment of mandatory pay any and all charges billed to my account at CCAC such as tuition, fees, and fees for tuition and room and boardmeal plans, which I owe student health insurance, parking permits, service fees, fines, bookstore charges, or any other amount, in accordance with the University. I further understand that if I want terms of the University to apply my federal financial aid to other charges which appear on my fee xxxx during the academic year, I must complete a Title IV Financial Aid Authorization, which is available on the student administration system website, under the heading of “Student Help,” or by following this link: I understand that all prizes, awards, scholarships and grants awarded to me by the University will be credited to my student account and applied toward any outstanding balance owed the University. I further understand that my receipt of a prize, award, scholarship or grant is considered a financial resource under federal Title IV financial aid regulations, and may therefore reduce my eligibility for other federal and/or state financial aid (i.e., loans, grants, Federal Work Study) which, if already disbursed to my student account, may have to be reversed and returned to the aid source. I understand that amounts I will owe for the repayment of my student loans may not be dischargeable in bankruptcyaid.