Rights and Responsibilities of Financial Aid Recipients
A Folsom Lake College (FLC) student receiving financial aid has the right to the following:
Information on federal, state and institutional financial aid programs.
Notice of deadlines of applications of each financial aid program and for any supporting documentation.
Explanation of the various elements in your financial aid package, and how and when you will receive your financial aid.
Explanation of the costs to attend FLC and the policies if you withdraw.
Explanation of how your financial aid offer was determined.
Explanation of the portion of your financial aid that is a grant, and how much must be paid back. If you are offered a loan, you have the right to know the interest rate, the total amount that must be repaid, your repayment options, when repayment begins, how long you have to repay, and conditions of deferments and cancellations.
Explanation of how to be considered for additional aid if your financial circumstances change.
Explanation of how FLC determines whether or not a student is making Satisfactory Academic Progress.
Explanation of how to reapply for financial aid for subsequent years.
As a Financial Aid applicant at FLC, I must adhere to the following responsibilities: