Student Handbook - Butler University

in very rare instances, gift assistance may be increased to an existing financial aid package (i.e., federal or state
grants).
Financial Aid Student Rights and Responsibilities
You have the right to ask a school:
• What financial assistance is available, including federal, state and institutional financial aid programs.
• What the deadlines are for submitting financial aid applications.
• What the cost of attendance is and what the policy is on refunds if you withdraw.
• What criteria are used to select financial aid recipients and how it determines your financial aid eligibility;
this process includes how costs for tuition, fees, room and board, books and supplies and
personal and miscellaneous expenses are considered in your budget.
• What resources (such as parental contribution, other financial aid and your assets, etc.) are considered
in calculating your aid eligibility.
• How much of your financial aid eligibility has been met.
• To explain the various programs in your financial aid package.
• What financial aid must be repaid and what is gift aid; if the aid is a loan, you have the right to
know what the interest rate is, the total amount that must be repaid, payback procedures and the
length of time you have to repay the loan and when repayment begins.
• The policy on satisfactory academic progress.
You have the responsibility to:
• Review and consider all information about a school’s program before you enroll.
• Pay special attention to your application for student financial aid, complete it accurately and submit
it on time to the right place. (Intentional misreporting of information on application forms for federal
financial aid is a violation of law and is considered a criminal offense subject to penalties under
the U.S. Criminal Code.)
• Read all documents you are sent regarding your application for assistance and contact the Office of
Financial Aid in writing if corrections are needed.
• Accept or decline the financial aid offered within three weeks of the date the email notification was
sent.
• Return all requested documentation in a reasonable amount of time (within two weeks).
• Read and understand all forms you are asked to sign and keep copies of them.
• Accept responsibility for all agreements you sign.
• Notify your lender of changes in your name, address or school status.
• Perform in a satisfactory manner the work that is agreed upon in accepting a Federal Work-Study
Award.
• Know and comply with your school’s refund procedures.
Tuition and Financial Aid Applicability for Study Abroad
Students who are currently receiving federal and state aid and apply to study abroad must complete the
entire study abroad application process and meet with a financial aid counselor to find out if their financial
aid will apply to the study abroad costs. Eligibility is based on the program in which the student is applying.
Students who study abroad will pay Butler University tuition during their semester(s) abroad. Those
who participate in reciprocal exchange programs — through Butler’s bilateral exchanges or ISEP — may
apply 100 percent of their Butler institutional financial aid to their tuition for their semester abroad. Those
who participate in approved study abroad or IFSA programs may apply 50 percent of their Butler institutional
financial aid toward their tuition for their first semester abroad. If the student chooses to enroll for a
second semester 25 percent of their Butler institutional financial aid will be applied.
Financial questions you should consider for study abroad:
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