Your Rights and Responsibilities
For Receiving Financial Aid at The UM-Helena College of Technology
Explanation of Your Estimate of Financial Aid
§ The award notice represents an accurate estimate of your aid if the information you provided on the FAFSA is correct. This offer is contingent upon the availability of funds and subject to change during the award period in accordance with federal regulations, institutional policy, and the accuracy of information provided by you.
§ Most Grants are prorated for Less Than Full Time enrollment status. Federal Pell Grants may be available for fewer than 6 credits. The state Baker Grant and Access Grant requires 12 or more credits.
§ Tuition waivers will always match tuition charges and an increase or decrease in credits will affect the actual value listed on your bill. Please note: Mandatory and optional fees are not covered with the tuition fee waivers.
§ Any loan will be paid for the amount listed (minus any origination and guarantee fees when applicable) if your enrollment status, (full or part-time), matches your financial aid application enrollment status. Enrollment for fewer than six credits disqualifies you from receiving any type of federal loan.
§ Please consider carefully the effects of rejecting any portion of this financial aid offer. Subsequent requests to review your aid package will be given low priority and may take several weeks to process.
§ All financial aid is determined as of the 15th class day. Financial aid will not be adjusted for credits added after that date.
Your Promises and Conditions for Receiving Financial Aid at The UM-Helena College of Technology
§ I certify that I do not owe a refund on any grant, am not in default on any loan, and have not borrowed in excess of the loan limits under federal Title IV programs at any institution.
§ I promise that I will use all money I receive from federal, state, or the institution only for expenses related to my studies at The UM-Helena College of Technology.
§ I understand that I must be making satisfactory progress in a course of study leading to a degree. I further understand that my financial aid will be canceled if I fail to meet satisfactory progress requirements. See The UM-Helena College of Technology catalog or SAP Policy brochures (available in the Financial Aid Office).
§ If I withdraw, receive all failing grades, or do not complete a term, I understand (1) I may not have earned my federal aid and may owe a repayment, and (2) my eligibility for further aid will be terminated.
§ I will inform the Financial Aid Office promptly of any other money I receive for educational purposes. Failure to do so may result in my having to repay federal or state aid and ineligibility for further aid. Assistance that must be reported includes, but is not limited, scholarships, Vocational Rehabilitation, Veteran’s Benefits, Indian Higher Education funding, or residency status changes.
Your Authorizations Given to The UM- Helena College of Technology
§ I authorize The UM-Helena College of Technology to use my financial aid to:
Ø Credit financial aid on my registration bill.
Ø Pay short term loans for books and/or short terms loans for other expenses I requested.
Ø Pay minor prior year institutional charges up to $100.
§ I understand that I may cancel any of these authorizations by writing a statement on the return copy of my Estimate of Financial Aid letter or by contacting the Financial aid Office in writing at any time. I also understand that I am responsible for payment of any outstanding charges before my financial aid will be released.
§ I acknowledge that under regulation governing financial aid programs, The UM-Helena College of Technology Financial Aid Office may release information about me to other qualified agencies including my lending institution. The information released may include my academic progress, grade point average, addresses, references and any financial aid information applicable to my eligibility for financial aid.
My signature on the Estimate of Financial Aid that I am returning certifies my acceptance of these authorizations and responsibilities.