Rights and Responsibilities
You have the right to obtain from the Monterey Institute:
- To know all the federal, state, institutional, and private student financial assistance programs available, including both need-based and non-need-based programs.
- To know the procedures, forms, deadlines, and eligibility requirements to apply for assistance as well as the criteria for selecting aid recipients and determining the amount of aid awarded.
- To know the procedures, forms, deadlines, and eligibility requirements for a program of Study Abroad.
- To know the cost of attending the University, how those costs are determined, and how your estimated expenses are developed.
- To know what resources we have considered in calculating your financial need, how the Expected Family Contribution was determined, and how much of your financial need has been met.
- To know the standards required for maintaining satisfactory academic progress for financial aid eligibility.
- To know how and when disbursement of financial aid is made, the University's refund policy for costs paid to the University, and any refund due to Title IV student assistance programs.
- To know the terms and conditions of any loans, employment, scholarships, or grant aid you receive.
- To know the policies and procedures used to maintain confidentiality of financial aid records. Only those individuals who directly handle the application have a right to know or access the information. The Monterey Institute complies with the Family Educational Rights and Privacy Act of 1974.
- To know that disclosure of your financial aid information may be made to other school officials, including teachers, within the school whom the school has determined to have legitimate educational interests and to officials of another postsecondary school or school system, where you receive services or seek to enroll.
- To know who to contact and how to contact financial aid personnel regarding information on student financial assistance.
- To know the academic programs of the University, the facilities available, and the faculty and instructional personnel.
- To know the names of bodies that accredit, approve, or license the institution and its programs and how their documents may be reviewed.
- To know the completion or graduation rate of students.
- To know campus security policies and crime statistics.
- To know what facilities and services are available to students with disabilities.
IT IS YOUR RESPONSIBILITY:
- To read and consider all information about the University before you enroll.
- To complete all University application forms thoroughly and accurately and submit them to the appropriate office(s) by required deadlines.
- To accurately and honestly complete your Free Application for Federal Student Aid (FAFSA). Errors can result in delays. False or misleading information is a criminal offense and is subject to a $10,000 fine, imprisonment, or both.
- To use any federal, state-appropriated, or institutional financial aid received during the award year solely for your student related expenses at the Monterey Institute.
- To read, understand, and accept responsibility for all forms or agreements you sign. We recommend you keep copies for your records.
- To report to the Office of Student Financial Planning if you are in default on a student loan or if you owe a refund or repayment on any educational grant received from any school.
- To notify your student loan lender of changes in your name, address, and school status.
- To perform the work agreed upon when you accept a work-study award.
- To know and to comply with University policies and procedures as they relate to financial aid: enrollment status for aid disbursement, satisfactory academic progress, withdrawal, and refund/repayment.
- To keep your address and phone number current with the Records Office.