In accepting a financial aid award from Ball State, you acknowledge certain responsibilities.
First, make sure you know the following things:
- what financial assistance is available, including all federal, state, and institutional aid programs and what policies or regulations govern these programs
- the deadlines for submission of application for aid and the procedures to be followed
- the cost of attendance at Ball State and the university's refund policy
- how our office determines your financial need, including the determination and amount of the expected family contribution.
- the source and amount of each type of financial aid offered to you
- the method by which aid is determined and disbursed or applied to your account
You are also responsible for
- completing all application forms accurately and thoroughly
- knowing and complying with enrollment requirements related to financial aid eligibility. You must be enrolled at least half-time to receive aid consideration, but you should be aware that some programs require full-time enrollment. (See specific program descriptions for more information.)
- knowing and complying with priority application dates
- knowing and complying with the university's refund procedures
- reading and understanding all information sent to you and all forms you are asked to sign, keeping copies for your records.
- accepting responsibility for all agreements you sign
- using funds awarded to you solely for educational expenses incurred while attending Ball State
- repaying all educational loans according to the repayment provisions agreed on at the time the loan was accepted and the promissory note signed
- returning in a timely manner all corrections, additional information, or documentation requested by our office or the agency to which you submitted your application
- reporting any change in your financial situation from what you reported on the Free Application for Federal Student Aid (FAFSA)
- reporting any wages, loans, grants, or scholarships received from sources external to the university
- knowing and complying with the policies for good standing and satisfactory academic progress