STUDENT LOANS AND FINANCIAL AID. Degree-seeking students who are U.S. citizens or eligible noncitizens enrolled in an eligible academic program can apply for federal financial aid as a means of assisting with financing their education. Certificate programs may also be eligible for federal financial aid. If you are eligible for a loan guaranteed by the federal or state government and you default on the loan, both of the following may occur: 1. The federal or state government or a loan guarantee agency may take action against you, including applying any income tax refund to which you are entitled to reduce the balance owed on the loan. 2. You may not be eligible for any other federal student financial aid at another institution or other government assistance until the loan is repaid. If you obtain a loan to pay for an educational program, you will have the responsibility to repay the full amount of the loan, plus interest, less the amount of any refund. If you have received federal student financial aid funds, you are entitled to a refund of moneys not paid from federal student financial aid program funds. Students receiving federal financial aid have varying rights and responsibilities in accordance with the Borrower's Rights and Responsibilities Statement, please contact Nova Southeastern University’s Financial Aid Office for additional information.
Appears in 3 contracts
Samples: Enrollment Agreement, Enrollment Agreement, Enrollment Agreement
STUDENT LOANS AND FINANCIAL AID. Degree-seeking Degree‐seeking students who are U.S. citizens or eligible noncitizens enrolled in an eligible academic program can apply for federal financial aid as a means of assisting with financing their education. Certificate programs may also be eligible for federal financial aid. If you are eligible for a loan guaranteed by the federal or state government and you default on the loan, both of the following may occur:
1. The federal or state government or a loan guarantee agency may take action against you, including applying any income tax refund to which you are entitled to reduce the balance owed on the loan.
2. You may not be eligible for any other federal student financial aid at another institution or other government assistance until the loan is repaid. If you obtain a loan to pay for an educational program, you will have the responsibility to repay the full amount of the loan, plus interest, less the amount of any refund. If you have received federal student financial aid funds, you are entitled to a refund of moneys not paid from federal student financial aid program funds. Students receiving federal financial aid have varying rights and responsibilities in accordance with the Borrower's Rights and Responsibilities Statement, please contact Nova Southeastern University’s Financial Aid Office for additional information.
Appears in 1 contract
Samples: Student Enrollment Agreement
