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Student's Rights and Responsibilities



You have the right:

  • to apply for financial aid
  • to know how to apply for financial aid
  • to know the deadlines for applying
  • to know what financial aid programs are available at Millsaps
  • to know how financial aid will be distributed, how distribution decisions are made, and the basis for such decisions
  • to know how your financial need was determined
  • to know what resources were considered in calculation of your need
  • to know how much of your financial need, as determined by Millsaps, has been met
  • to request an explanation of the various programs in your student aid package
  • to know Millsaps' refund policy
  • to know what portion of the financial aid you received must be repaid, what the interest rate is, the total amount that must be repaid, the payback procedures, the length of time you have to repay the loan, and when repayment is to begin
  • to request a sample repayment schedule
  • to know whom to consult concerning your financial assistance


It is your responsibility:

  • to complete all application forms accurately and truthfully and submit them on time to the proper location
  • to reapply each year that you want financial assistance
  • to return all additional documentation, verification, corrections, and/or new information requested by the Office of Financial Aid
  • to read and understand all forms that you are asked to sign
  • to inform the Office of Financial Aid of any outside resources
  • to notify the Office of Financial Aid of any change in your financial resources
  • to accept the responsibility for all agreements that you sign
  • to perform the work that is agreed upon in accepting a Work-Study award
  • to inform the Office of Financial Aid if you withdraw from Millsaps, drop any courses, or change your name or address
  • to sign the Statement of Educational Purpose and the Certification Statement on Over-payments and Defaults
  • if you have a loan, to inform the Office of Financial Aid of any name or address change and to answer any inquiry from them concerning your loan, now and after you leave school
  • if you have a Federal Perkins loan, to go to the Business Office during your last semester of attendance at Millsaps and arrange an exit interview concerning the terms of your repayment
  • if you have a Federal Stafford loan, to take part in the required entrance and exit interviews offered by Millsaps