Terms and Conditions of Financial Aid
The following are terms and conditions under which financial awards are made
to students. A more complete explanation for individual programs is
available in the SUNY Oneonta Catalog or from the Financial Aid Office. Please
remember that student aid programs are frequently modified by legislation.
Awards may be made prior to verification of data on your Free Application for
Federal Student Aid (FAFSA). You will be notified if you are required to
submit additional documentation for verification. Failure to submit all
requested documentation, within 30 days, may result in a forfeiture of your eligibility.
If necessary, we will correct FAFSA data on your behalf. We will notify
you of any changes to your financial aid award as they occur.
If you borrow under the federal Stafford Loan Program during your attendance
at the College at Oneonta, you must complete a federal Stafford Loan Exit
Counseling Interview prior to leaving the College.
- You must be matriculated (accepted into a degree program).
- You must continue to attend classes regularly.
- Only degree applicable coursework can be considered for financial aid enrollment purposes. In other words your financial aid eligibility is based upon credits required for your degree (some exceptions for remedial coursework). Once you meet degree requirements you are no longer eligible for aid.
- Students must maintain satisfactory academic progress.
- You must report additional awards or scholarships not appearing on your
award letter to the Financial Aid Office. Upon receipt of this
information, the College may be required to adjust the awards appearing on
your award notice.
- You must promptly inform the Registrar's Office if you intend to withdraw
- Financial Aid is awarded on an annual basis. Students must reapply
each year and eligibility may vary from year to year based on family
information and/or changes in legislation.
NOTE: Financial Aid Awards are contingent upon the College receiving adequate
federal funds to support these programs. In the event of changes, you will
be notified. State and Federal budget discussions may lead to changes in
funding levels, cost increases, or regulatory changes.