Terms and Conditions for Acceptance of Financial Assistance

THE FINANCIAL AID RECIPIENT MUST:

1. Report to the St. John’s University Student Financial Services Office any change in marital, academic, New York residency or campus housing status and any additional earnings, funds, or support received from any source which may result in the reduction of awards and/or require repayment of financial aid already advanced.  
    
2. In the event of withdrawal from classes, a reduction in the number of credits for which this aid is offered or any other circumstances may result in financial aid ineligibility.  The student must contact the Office of Student Financial Services in order to repay any aid advanced.
   
   •    Students are considered in attendance until they officially withdraw from school or are requested to do so by an academic dean.  A student who leaves school voluntarily or drops a course, must do so through the proper channels or be charged for full tuition.
   
   Steps in the Withdrawal Process:
   The student must complete Change of Program form obtainable in the academic dean’s office.
   
   The Change of Program form must be signed by the appropriate academic dean.
   
   Withdrawal from courses may entitle a student to a refund of tuition. The refund policy refers only to tuition.  Fees are not refundable.
   
   The student’s financial aid eligibility may be revised, subject to federal, state and institutional refund policies.
   
   Please consult the University Student Bulletin for additional details regarding withdrawal procedures.
    
3. Accept the responsibility for repayment of any loans awarded and attend an exit interview prior to graduation or withdrawal so that the terms of the loan repayment can be arranged.  (University records may be withheld for failure to attend an exit interview).
    
4. Maintain satisfactory academic progress in the course of study pursued according to the academic policies and procedures of the University.
    
5. Adhere to all official university academic and administrative policies (as published in the University bulletin) to avoid forfeiture of financial aid.
    

Important Notice:

• All programs of financial aid are contingent upon federal, state and institutional appropriations and regulations.  THE UNIVERSITY RESERVES THE RIGHT TO ADJUST AWARDS.
• Unless otherwise indicated, the financial aid offer is based on full-time undergraduate attendance, full-time law school attendance or half-time graduate attendance.
• The financial aid award(s) may be adjusted if the student enrolls less than full-time.
• The financial aid awards may be adjusted if the student changes housing status.