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 from classes.
  • 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.