Financial Aid Terms & Conditions.


Financial Aid Terms & Conditions

Financial Aid Award Terms and Conditions

  1. I understand that my aid eligibility is based on the financial aid information provided by me and/or my family and that it is subject to adjustment or cancellation if errors are subsequently discovered. I understand that if the Office of Financial Assistance must correct information I originally reported, my eligibility for the awards shown on this letter may change.
  2. I understand that my aid was determined in accordance with laws, regulations, and appropriations (existing or anticipated) of the U.S. Congress, Drew University, and other donors and is subject to adjustment or cancellation if changes occur in these laws, regulations, or appropriations during the period of my award.
  3. I understand that I must be enrolled in 12 or more credits each semester to remain eligible for institutional grants and scholarships. *This only applies to students in the College of Liberal Arts.
  4. I agree to notify the Office of Financial Assistance in writing of the sources and amounts of any financial assistance I receive that do not appear on my award notice. I further understand that if this additional assistance reduces my financial aid eligibility, funds awarded to me may be adjusted accordingly.
  5. I understand that my acceptance of a particular type of aid, such as a scholarship, authorizes the Office of Financial Assistance to release information that may be requested by the donor, but in keeping with the provisions of the Family Educational Privacy Act of 1974.
  6. I understand that if I withdraw from the university after receiving my financial aid but before the end of a term, I may be expected to repay the university that portion of my aid funds for which I am no longer eligible.
  7. I understand that if the financial aid accepted by me is less than my statement of charges that I and/or my family will be required to pay the difference on my student bill.
  8. I understand that I am responsible for making the appropriate application(s) for the loan(s) included in my package. If I choose not to borrow, I will be responsible for covering the amount through other means.
  9. I understand that any need-based financial aid I receive may change as a result of a change in my housing status.