Graduate Catalog 2011-2013 - SUNY Institute of Technology

Financial Aid
Repayment of Financial Aid
Students who drop from full- to part-time or who withdraw from
SUNYIT or stop attending class without officially withdrawing
during a semester may be required to repay all or a portion of
the financial aid awarded for that term. The amount of such
repayment, if any, is dependent upon the amount of aid actually
given to the student and the number of days the student
actually attended classes. The calculation of any repayment
will be made by the financial aid counselors subsequent to
the official dropping of a class or withdrawal from SUNYIT.
Students’ Rights and Responsibilities
You have the right to ask a school:
1. The names of its accrediting and licensing organizations.
2. About its programs; its instructional, laboratory, and other
physical facilities; and its faculty.
3. What the cost of attending is, and what its policy is on
refunds to students who drop out.
4. What financial assistance is available, including information
on all federal, state, local, private, and institutional financial
aid programs.
5. What procedures and deadlines are for submitting applications
for each available financial aid program.
6. What criteria it uses to select financial aid recipients.
7. How it determines your financial need. This process includes
how costs for tuition and fees, room and board, travel, books
and supplies, and personal and miscellaneous expenses are
considered in your cost of education. It also includes the
resources considered in calculating your need.
8. How much of your financial need, as determined by the
institution, has been met.
9. How and when you will be paid.
10. To explain each type and amount of assistance in your
financial aid package.
11. What the interest rate is on any student loan that you
have, the total amount you must repay, the length of time you
have to repay, when you must start repaying, and what cancellation
or deferment provisions apply.
12. If you are offered a Federal College Work Study job—what
kind of job it is, what hours you must work, what your duties
will be, what the rate of pay will be and how and when you
will be paid.
13. To reconsider your aid package if you believe a mistake has
been made, or if your enrollment or financial circumstances
have changed.
14. How the college determines whether you are making satis
factory progress, and what happens if you are not.
15. What special facilities and services are available to the
handicapped.
It is your responsibility to:
1. Review and consider all information about a school’s program
before you enroll.
2. Pay special attention to your application for student financial
aid, complete it accurately, and submit it on time to the right
place. Errors can delay or prevent your receiving aid.
3. Know and comply with all deadlines for applying or
reapplying for aid.
4. Provide all additional documentation, verification,
corrections, and/or new information requested by either the
Financial Aid Office or the agency to which you submitted
your application.
5. Read, understand, and keep copies of all forms you are asked
to sign.
6. Repay any student loans you have. When you sign a
promissory note, you are agreeing to repay your loan.
7. Notify your school of a change in your name, address, or
attendance status. If you have a loan, you must also notify
your lender of these changes.
8. Satisfactorily perform the work agreed upon in a Federal
College Work Study job.
9. Understand your college’s refund policy.
10. Maintain good academic standing to retain your eligibility
for financial aid.
For More Information:
Financial Aid Office
SUNYIT
100 Seymour Road
Utica, NY 13502
(315) 792-7210
finaid@sunyit.edu
www.sunyit.edu/financial_aid
22 Graduate Catalog 2011-2013