As a financial aid recipient, you have certain rights to which you are entitled, and certain obligations for which you are responsible.
- You have the right to privacy. All records and information submitted with your application for financial aid are confidential, and subject to legal requirements concerning disclosure of such information.
- You have the right to know about the refund policies for New York Theological Seminary and Financial Aid if you withdraw after the semester begins, the Registrar’s Office acts as a resource for students considering withdrawal.
- You have the right to request a reduction or cancellation of your student loan. Remember that a student loan is a debt that must be repaid; borrow only what you need.
- You have the right to know specific consumer information such as campus crime statistics.
- You have the right to know what financial aid programs are available to you, including information on all federal and Seminary financial aid programs.
- You have the right to know the application procedures and deadlines for each of the available programs.
- You have the right to know how financial aid is distributed and the basis for these decisions.
- You have the right to know how and when financial aid is disbursed.
- You have the right to know how your financial aid eligibility was determined. This includes how costs for tuition and fees, books, travel, and personal and miscellaneous expenses were determined in your estimated cost of attendance. It also includes what resources were considered in the calculation of your financial aid eligibility (such as other financial aid or personal assets).
- You have the right to know the interest rate of your loan, the total amount to be repaid (or not to be repaid), repayment procedures, when repayment begins, and the length of the repayment period.
- You have the right to know how New York Theological Seminary determines whether you are making satisfactory academic progress, and what happens if you are not.
- You must regularly check your student email account for information from NYTS and the Financial Aid Office.
- You must complete all application forms accurately and submit them on time to the correct location. You must read and understand all forms you are asked to sign and keep a copy of each. You are also responsible for knowing the financial aid reapplication deadlines.
- You must provide correct information at all times. Reporting false information is a violation of the law and may be considered a criminal offense.
- You must submit, by the deadline indicated, all additional documentation, verification, corrections and/or new information requested by the Financial Aid Office. Some examples include: federal tax returns, verification forms, loan entrance counseling, loan promissory notes, and loan exit counseling prior to leaving school.
- You must notify us in writing if the information reported on your financial aid applications has changed.
- You must notify the Registrar’s Office and any lenders if there are changes in your name, permanent mailing address, anticipated graduation date, or enrollment status.
- You must notify us in writing if you receive any scholarships or other awards that do not appear on your award letter. Some examples include scholarships, tuition waivers, and veterans or rehabilitation benefits.
- You must accept responsibility for all agreements that you sign.
Drug Convictions and Penalties
Each institution must provide to each student, a clear and conspicuous written notice that advises the student that a conviction for any offense, during a period of enrollment for which the student was receiving federal financial aid program funds, under any federal or state law involving the possession or sale of illegal drugs will result in the loss of eligibility for any federal student grant, loan, or work-study assistance (HEA Sec. 484(r)(1)); (20 U.S.C. 1091(r)(1)).