Your Rights and Responsibilities
Students at IVC applying for and receiving financial aid have the right to ask for the following:
- Information on all financial assistance available, which includes all federal, state, and institutional financial aid programs.
- Disclosure of deadlines for applications of each financial aid program and for any supporting documentation.
- Specific information regarding fees, tuition and the refund policy for those who drop out of school (withdraw).
- An explanation of how students are selected for receipt of financial aid and how financial need is determined.
- Knowledge of what resources are considered in the calculation of student need.
- Knowledge of how a financial aid package is determined.
- An explanation of various programs awarded in the student's financial aid package. If a student feels unfairly treated, a reconsideration of the award may be requested.
- An explanation of the portion of financial aid the student received that must be repaid and what portion is grant aid.
- Knowledge of how IVC determines whether students are making "satisfactory academic progress" and the consequences of not meeting this requirement.
- How to apply for additional aid if financial circumstances change.
Students at IVC applying for and receiving financial aid are responsible for the following:
- Reviewing and considering all information about IVC's academic programs before enrolling.
- Completing all the application forms ACCURATELY AND COMPLETELY and submitting them to the right place on time. If this is not done, financial aid could be delayed. Since errors cause misunderstanding and misrepresentation of information provided, errors must be corrected before any financial aid can be received. Intentional misreporting of information on application forms for federal financial aid is a violation of the law and is considered a criminal offense subject to penalties under the U.S. Criminal Code, and subjects the student's application to denial. Additionally, regulations require that all cases of suspect fraud emanating from misrepresentation, be reported to the Office of the Inspector General.
- Promptly return all additional documentation, verification, corrections and/or new information requested by either the Financial Aid Office or the agency or agencies to which an application was submitted.
- Reading and understanding all forms that the student is asked to sign or accept online.
- Performing the work that is agreed upon in accepting a Federal Work-Study award.
- Knowing and complying with the deadlines for application or reapplication for aid and with IVC's refund policy.
- Repaying financial aid funds if it is determined that the student was ineligible to receive the funds.
- Maintain satisfactory academic progress according to IVC's policies and standards.
- Report the receipt of any scholarships or outside resources to the financial aid office.