Rights and Responsibilities of Students Receiving Financial Aid
Student Rights
Students have the right to obtain from the school:
• the names of its accrediting or licensing organizations (see academic catalog);
• information about the school's programs; its instructional, laboratory and other physical facilities and its faculty (see academic catalog);
• the cost of attendance;
• the types of financial assistance available, including information on
all federal, state, local, private and institutional financial aid
programs;
• the procedures and deadlines for submitting applications for each
available financial aid program;
• the eligibility criteria used to select financial aid recipients;
• process used to determine student financial aid and how to apply;
• amount of student financial need, the amount that has been met (see student award letter);
• the type and amount of assistance in a student financial aid package
and an explanation of each award (see student award letter);
• the portion of the financial aid award that consists of loans that must be re-paid, and what
portion is grant aid that does not need to be repaid (see student award letter);
• interest rate on any loan, the total amount for repayment, the
length of time for repayment, the date to start repayment and
cancellation or deferment provisions that apply (entrance and exit interviews);
• how to obtain a reconsideration of an aid package (by contacting the Financial Aid office), if they believe that a mistake
has been made or if enrollment or if the student's financial circumstances have
changed;
• the school's policy and the Financial Aid Office’s policy on refunds to students who withdraw or are dropped;
• the policy/process used by NYCI to determine whether students are
making satisfactory academic progress and what happens if students are
not; and
• any special facilities and services available to persons with
disabilities.
The information for many of the bullet points above can be obtained by clicking on the included hyperlink. For those bullets that do not contain a hyperlink, most information can be obtained from the NYCI Academic Catalog.
Student Responsibilities
It is the responsibility of students to:
• review and consider all information about the school's program
before enrolling;
• pay special attention to the Free Application for Federal Student Aid (FAFSA),
complete it accurately and submit it on time at the correct website.
Errors can delay or prevent students from receiving aid;
• meet all deadlines for applying or reapplying for aid;
• provide any and all additional documentation, verification, corrections
and/or new information requested by the Financial Aid Office, including tax returns and other personal and financial documents;
• read, understand and keep copies of all forms which they are
asked to sign;
• comply with the provisions of any student loan promissory note and all other
agreements that they must sign;
• promptly notify the school and student loan lender of any change in name, address or attendance
status;
• understand the school's Satisfactory Academic Progress Policy;
• understand NYCI's refund policy and the Financial Aid
Office’s Return to Title IV Refund policy;
• attend and participate in an "Entrance Interview" before borrowing federal student loans;
• attend and participate in an "Exit Interview" prior to graduation or upon withdrawal from NYCI, if you have
borrowed federal loans; and
• honor all copyrights and refrain from unauthorized duplication of copyrighted material.
Financial Aid Mainpage
Consumer Information Mainpage |
