Common use of FINANCIAL AID Clause in Contracts

FINANCIAL AID. I understand that aid described as “estimated” on my Financial Aid Award does not represent actual or guaranteed payment, but is an estimate of the aid I may receive if I meet all requirements stipulated by that aid program. I understand that my Financial Aid Award is contingent upon my continued enrollment and attendance in each class, and maintaining satisfactory academic progress, for which my financial aid eligibility was calculated. If I drop any class before completion, I understand that my financial aid eligibility may decrease and some or all of the financial aid awarded to me may be revoked. Furthermore, I understand that my Financial Aid is subject to change from year to year depending on my FAFSA results, GPA, etc. If some or all my financial aid is revoked because I dropped or failed to attend class, or failed to maintain satisfactory academic progress, I agree to repay all revoked aid that was disbursed to my account and resulted in a credit balance that was refunded to me.

FINANCIAL AID. I understand that aid described as “estimatedpending” on my Financial Aid Award billing statement does not represent actual or guaranteed payment, but is an estimate of the aid I may receive if I meet all requirements stipulated by that aid program. I understand that my Financial Aid Award is contingent upon my continued enrollment and attendance in each class, and maintaining satisfactory academic progress, for class upon which my financial aid eligibility was calculated. If I drop any class before completion, I understand that my financial aid eligibility may decrease and some or all of the financial aid awarded to me may be revoked. Furthermore, I understand that my Financial Aid is subject to change from year to year depending on my FAFSA results, GPA, etc. If some or all of my financial aid is revoked because I dropped or failed to attend class, or failed to maintain satisfactory academic progress, I agree to repay all revoked aid that was disbursed to my account and resulted in a credit balance that was refunded to me. I understand that Financial Aid amounts, while not likely to change, are subject to recalculation as the Federal and State Departments of Education deem appropriate. I agree to repay all recalculated aid that was disbursed to my account and resulted in a credit balance that was refunded to me.