Financial Aid Agreement

Financial Aid Terms & Conditions of Award Agreement

Recipients of Financial Aid will have completed the ‘Financial Aid Terms and Conditions of Award’ agreement through the Financial Aid Portal. This page summarizes the agreement as a reference.

I understand the aid as offered is provided to supplement my own payment of my educational costs associated with my attendance at Oregon Coast Community College. I agree to use the funds for my educational expenses as outlined in the student budget and that funds will be made available according to the Financial Aid Disbursement Schedule.
I understand the financial aid office reserves the right to review or modify my award in determination of my eligibility at any time due to changes in my status, conflicting information in my records, or because of availability of funds. I understand the aid offered is made in good faith; however, may be cancelled or reduced if funds become unavailable.
I understand that if I am awarded student loans and fail to complete a master promissory note (MPN) for undergraduates and/or entrance counseling at studentaid.gov within 30 days of classes beginning, my loans may be cancelled and I will need to complete a loan revision to have them reinstated.
I understand I must notify the financial aid office of any changes in name or address, enrollment status or major program of study. I understand these changes may result in an adjustment to my financial aid award.
I understand that federal regulation restricts the receipt of financial aid funds to attendance at one institution. I understand that under certain conditions I may be concurrently enrolled at two or more institutions, but that I may receive aid at one institution. I understand that receiving aid while attending concurrently at two or more college requires an institutional Consortium Agreement signed by both institutions.
I understand that I am required to be enrolled in an eligible degree or program offered by the college or a two-year transfer program acceptable for full credit toward a Bachelor’s Degree at a four-year institution.
I understand that I must maintain satisfactory academic progress as defined in the financial aid Standards of Satisfactory Progress policy.
I understand if I receive an overpayment of funds, withdraw, drop, never attend or stop attending class I may be subject to repayment of financial aid funds. A portion of the tuition refund will be returned to the appropriate financial aid fund. I am responsible for reading and understanding the financial aid Return to Title IV policy.
I understand I am responsible for knowing my rights as a financial aid student. (See Rights, below.)

As a financial aid student you have the right:

To understand how your eligibility for aid has been calculated.
To know the college’s process for determining the type and amount of assistance in your financial aid package.
For your application to be reviewed for eligibility for available funds.
To receive equity in applications of need analysis formulas with consistency across the college’s full population of student financial aid applicants.
To have access to quality consumer information.
To have access to information about the types of financial assistance available.
To know the deadlines for submitting applications for each financial aid fund.
To know the location and hours of the financial aid office.
To know the college’s criteria for selecting financial aid recipients and the process for determining your financial need.
To know the method and timing of payments to you.
To view your financial aid application and other documents.
To know the college’s basis for determining whether you are making satisfactory academic progress and what happens if you are not.
To appeal decisions made regarding your eligibility.
To the privacy of your information (FERPA). Privacy Policies.
To have policies and rules applied that do not discriminate on the basis of race, gender, sexual orientation, disability, age, or economic status.
To deny aid offered if you will not be enrolled.
To decline proceeds of a loan prior to its disbursement.
To reduce or cancel disbursed loan funds, acknowledging this could result in funds you owe the college.
To know how any refund or repayment of aid is calculated.