Student Rights and Responsibilities Regarding Financial Aid

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 process for all financial aid programs, including deadlines.
  • How financial aid recipients are selected.
  • Procedures for appealing decisions made by Financial Aid staff members.
  • How the College determines your financial need.
  • How and when you will receive your financial aid funds.
  • Wallace Community College refund policy.
  • Job description and rate of pay for any job assigned under the Federal Work-Study program.
  • How the College determines if you are making satisfactory academic progress and what happens if you are not.


As a student, you have the following responsibilities:

  • Completing applications correctly and on time.
  • Reading and understanding all materials sent to you from the Office of Financial Aid and other agencies.
  • Keeping copies of all documents submitted to the Office of Financial Aid.
  • Knowing and complying with the rules governing financial aid you receive.
  • Providing all documentation and information requested by the Office of Financial Aid.
  • Registering for the number of hours required for your financial aid disbursement.
  • Maintaining satisfactory academic progress.
  • Using financial aid only for expenses related to attending Wallace Community College.
  • Checking your College student e-mail account for financial aid information.
  • Keeping your e-mail and mailing addresses up to date with the College and other financial aid agencies.
  • Informing the Office of Financial Aid of all colleges you are attending or have previously attended.