Student Rights and Responsibilities Regarding Financial Aid

Student Rights

As a student, you have the right to know the following information regarding financial aid at Wallace Community College:

  • Financial aid programs that are available.
  • Educational programs and services that are available.
  • Estimated cost of attendance for programs.
  • Application procedures for all financial aid programs, including deadlines.
  • How financial aid recipients are selected.
  • The terms and conditions of all financial aid awards.
  • How the College determines your financial need.
  • How and when you will receive your financial aid funds.
  • Wallace Community College’s refund policy.
  • The College’s Return of Title IV Funds (R2T4) policy and how withdrawals affect financial aid.
  • Job descriptions and rate of pay for any position under the Federal Work-Study program.
  • How the College determines whether you are making satisfactory academic progress and what happens if you are not.
  • Procedures for appealing financial aid decisions, including satisfactory academic progress (SAP) appeals.

Student Responsibilities

As a student, you have the following responsibilities:

  • Complete all applications accurately and on time.
  • Read and understand all materials sent by the Office of Financial Aid and other agencies.
  • Keep copies of all submitted documents.
  • Know and comply with the rules governing the financial aid you receive.
  • Provide all requested documentation and information.
  • Register for courses required for your program of study and appropriate to your financial aid eligibility.
  • Maintain satisfactory academic progress.
  • Use financial aid only for educational expenses related to attending Wallace Community College.
  • Check your College email account regularly for financial aid information.
  • Keep your contact information current with the College and other financial aid agencies.
  • Inform the Office of Financial Aid of all colleges you are attending or have previously attended.