Office of Student Financial Aid & Student Employment General Policies & Procedures Below are a listing of Financial Aid topics. Click on the dark blue heading of any paragraph below to learn more about that topic. Below are listed serveral important procedures and policies that are followed by The University of Akron's Office of Student Financial Aid. These policies and procedures are in place to ensure complaince with state and federal aid regulations.
These Policies and Procedures may impact your eligibility for state and federal financial aid. Click on the blue links below to learn more. Family Education Rights & Privacy Act (FERPA)
This law governs how The University of Akron (and all other institutions of higher education in the United States) handle information and maintain confidentiality of eductaional records, which include financial aid information and application materials. Mission of the Office of Student Financial Aid & Student Employment
Click the above link to view the mission statement of The University of Akron's Office of Student Financial Aid & Student Employment. Standards of Satisfactory Academic Progress
In order to remain eligible for Federal Student Aid, students must be in compliance with the Standards of Satisfactory Academic Progress. Click on the link above to learn more. Verification
The federal government requires that schools verify the information of students it selects in a process known as verification. Students who fail to provide requested information are not eligible for Federal Aid until such time that they do. For more information, click the above link. Return of Title IV Federal Student Aid
This requirement applies to you ONLY if:
1. You received federal student aid (Pell, FSEOG, & Stafford Loans),
AND
2. You are totally withdrawing prior to completing 60% of the period/semester for which the aid was provided.
Click the above link to learn more. Processing Procedures for Stafford Loans
The Office of Student Financial Aid processes Federal Stafford Loans on a "Scheduled Academic Year".
To learn more about what this means, click the above link. |
