Student Aid Recipient Rights and Responsibilities

Source: https://finaid.princeton.edu/policies-procedures/student-aid-recipient-rights-and-responsibilities Parent: https://finaid.princeton.edu/how-aid-works/family-contribution

As a student you have the right to:

• Know the types of aid programs available to you. This includes all federal, state, and institutional financial aid programs.
• Know what resources (parental resources, assets, etc.) were considered in the calculation of your financial need.
• Know how much financial need is being met, as determined by Princeton University.
• Know the deadlines for submitting applications for all available financial aid programs.
• Request re-evaluation of your eligibility if your circumstances change.
• Know the general conditions and terms applicable to student employment.
• Know the terms and conditions of the loans you receive under the Direct Loan Program.
• Know terms and conditions of any loan you accept including interest rates, repayment amount, length of repayment, and when repayment starts, and the necessity to repay.
• Know the method by which financial assistance disbursements will be made to you and the frequency of those disbursements.
• Know the criteria for continued eligibility under each financial aid program.
• Know the Undergraduate Financial Aid Satisfactory Academic Progress (UFA SAP) standards that you must meet to receive financial aid and criteria by which you may re-establish aid eligibility.
• Know how the school provides funds for students to obtain or purchase required books and supplies by the seventh day of a payment period.
• Know the exit counseling information the school provides and collects.

As a student, it is your responsibility to:

• Reapply for financial aid every year by the specified deadlines.
• Review and understand the terms of your financial aid award annually.
• Report all outside financial assistance or additional resources that you receive to the Office of Undergraduate Financial Aid.
• Repay any loans you receive, regardless of program completion or employment status.
• Understand all forms/agreements you are asked to sign as you are responsible for all agreements that you sign.
• Provide complete and accurate information to the Office of Undergraduate Financial Aid.
• Provide all documents requested by the Office of Undergraduate Financial Aid in a timely manner to avoid a delay in processing your aid.
• Use financial aid for educationally related expenses.