Student Handbook - Southern University New Orleans
Student Handbook - Southern University New Orleans
Student Handbook - Southern University New Orleans
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Applications are available at local high schools or SUNO’s Financial AidOffice. <strong>Student</strong>s may also use FAFSA on the web to complete the FAFSAand submit it directly to the FAFSA processing system. The web address iswww.fafsa.gov. The priority deadline for most State aid is May 1st. TheFederal School Code for SUO is 002026. APPLY EARLY!SOURCES OF FIACIAL ASSISTACE<strong>Southern</strong> <strong>University</strong> at <strong>New</strong> <strong>Orleans</strong> participates in the following Federaland State financial assistance programs. Additional information is availablein the Office of <strong>Student</strong> Financial Aid, the <strong>University</strong> Catalog and online atwww.suno.edu.• Federal Pell Grants• Supplemental Educational Opportunity Grant (FSEOG)• Leveraging Educational Assistance Partnership Program(LEAP, formerly SSIG)• Tuition Opportunity Program for <strong>Student</strong>s (TOPS)• Federal College, Community Service, and <strong>University</strong>Work-Study programs• Federal Subsidized Stafford Loan Programs• Federal Unsubsidized Stafford LoanBorrower’s Rights and Responsibilities<strong>Student</strong>s who receive loans assume certain responsibilities which include, butare not limited to the following:Responsibilities:Master Promissory ote: When a student signs a promissory note, he orshe is agreeing to repay the loan according to the terms of the note. The notestates that except in cases of loan discharge (cancellation), the student mustrepay the loan, even if he or she does not complete his or her education(unless the student could not for a valid reason, such as closing of theschool). Also, the student must repay the loan even if he or she cannot findemployment after the program is completed, is not satisfied with the job, orfeels that he/she did not receive the education that he or she paid for.<strong>Student</strong> Loan Repayment: A student should consider what his or her repaymentobligations mean before taking out a loan. If the loan is not paid ontime or according to the terms of the promissory note, the student might gointo default, which has serious consequences and will affect the student’scredit rating. The student must make payments on his or her loan even if heor she does not receive a bill or repayment notice.63
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