Health Science Campus Student Financial Aid : Financial Aid Policies

It is the policy of the Office of Financial Aid:

1. that awards will be made to students who are making Satisfactory Academic Progress according to the published student policies of The University of Toledo,

2. that students must submit confidential parental information on their FAFSA or Renewal Application to the UT Health Science Campus Student Financial Aid Office if they desire optional consideration for University-administered funds,

3. to make awards according to established deadlines,

4. to establish a certain percentage of financial need that can be met with University-administered funds and to make awards to eligible students accordingly,

5. to apply all funds first toward the student's tuition and fees, unless otherwise stated,

6. that cancellation of an award will result from a student's failure to sign the following:

a. Promissory note(s)
b. Disclosure statement(s)

(These forms for University-administered funds must be signed no later than the first day of the semester. No funds will be disbursed without the required signatures.),

7. that cancellation of an award will result if the student or parents misrepresent or provide false or incorrect information on the financial aid application (If misrepresentation is discovered, a student will be required to repay all or a portion of any funds disbursed and may be subject to further action by the institution.),

8. that a tuition refund will be made according to the Refund Policies of the institution and applicable federal requirements (Any refund of student aid funds will be made according to UT Health Science Campus policies in conjunction with the Return of Title IV Funds formula used to calculate the percentage of aid awards to be refunded to the accounts from which they were disbursed).

9. that students must report, in writing, any information which modifies their financial need as soon as they have such knowledge (Such information includes a change in personal or family income, change in marital or residency status, change in the amount of fees assessed by UT Health Science Campus, receipt of financial aid from an outside source, etc. Following a review of the revised information, any change in a student's financial aid eligibility will be communicated to the student in writing. Failure to notify the Student Financial Aid Office of any of the above changes may jeopardize the student's eligibility for continued assistance or necessitate repayment of all or part of an award.),

10. that the Office of Financial Aid reserves the right to schedule multiple loan disbursements,

11. that the Office of Financial Aid reserves the right to revise or adjust award(s) based on changed application information, changes in financial aid received (such as a scholarship) and/or based on any processing errors which may have occurred.