Students have the right to the following:
- The sources of financial assistance available, including information on all federal, state, and institutional financial aid programs.
- The deadlines for submitting applications for each of the financial aid programs.
- The cost of attending and the refund policies that apply to students who withdraw from the university.
- The criteria used to select financial aid recipients.
- How financial needs are determined. This includes the consideration of costs for tuition, fees, room and board, travel, books and supplies, personal, and miscellaneous expenses.
- The details regarding the various programs in the student aid award. If students believe that an award was made in an unfair manner, students may request reconsideration of an award.
- The portion of the financial aid award that must be repaid and the portion that is grant aid. If the aid awarded is a loan, students have the right to know the interest rate, the total amount that must be repaid, the length of time allowed to repay the loan, and when repayment is to begin.
It is the student’s responsibility to do the following:
- Complete the Free Federal Application for Student Financial Aid (FAFSA) carefully and accurately and submit it to the appropriate office prior to the deadline. Errors may delay the receipt of financial aid. Intentional falsification 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.
- Return all documentation, verification, corrections, and new information requested by the Office of Financial Aid or the agency to which the FAFSA application is submitted.
- Read, understand, and keep copies of all forms that are submitted.
- Accept responsibility for all signed agreements.
- Notify lending institutions of changes in name, address, or school status (if a loan is pending).
Satisfactory Academic Progress – SAP
Information on Finlandia University’s SAP policy in regards to financial aid eligibility.
If you have any questions regarding the SAP process and/or your financial aid standing, please contact Sandra Turnquist in the Office of Financial Aid at email@example.com or (906) 487-7240.