Rights and Responsibilities

Along with the monetary awards received by individual students, there are certain other rights and responsibilities to be observed. Included are: Students receiving awards must accept or reject awards within twenty days from the receipt of the award letter. Otherwise, the award is void. Award amounts are based upon expected full-time enrollment. Awards can be adjusted according to your enrollment status. Financial Aid recipients must be accepted into a degree program. Disbursement of funds is contingent on satisfactory academic progress, chapel attendance, enrollment status, continued eligibility and availability of funds. The Financial Aid Office reserves the right (on behalf of Lee University) to review and cancel any student financial aid award due to academic, financial or disciplinary misconduct.

4. Students anticipating funds from sources other than the Financial Aid Office should notify the office as soon as an award is made. This includes scholarships and loans. Additional aid may result in an adjustment to previously offered aid.
   
   
5. Students awarded Federal Work-Study (FWS) should fill out necessary paperwork with their supervisor and return to the Financial Aid Office. Any changes in FWS placement (or number of hours awarded, etc.) MUST be cleared through the Financial Aid Office prior to changes taking place.
   
   
6. Stafford loan borrowers who wish to decline funds received electronically must request cancellation in writing to the Financial Aid Office within 10 days of funds being posted to the student’s account.
   
   
7. All loan recipients must assume repayment responsibility upon leaving school. Prior to graduation (or withdrawal), an exit interview should be completed to ensure full understanding of loan terms and repayment provisions (including deferment options). THIS IS A FEDERAL REQUIREMENT.
   
   
8. Students planning to withdraw or drop any course work must notify the Financial Aid Office prior to doing so. Students may be asked to repay part or all of any aid received.
   
   
9. Tennessee HOPE Scholarship recipients may lose their scholarship permanently if dropping below full time status without PRIOR approval from the Financial Aid Office. For form: http://www.leeuniversity.edu/pdf/financial-aid/TN-Change-of-Enrollment-Status.pdf For complete rules see http://www.leeuniversity.edu/financial-aid/info/satisfactory-academic-tels.asp
   
   
10. Students must re-apply for financial aid each year. The Free Application for Federal Student Aid (FAFSA) must be submitted each year. The suggested submission date is March 1.
    
    
11. The Financial Aid Office will process financial aid requests without regard to race, religious affiliation, gender, age, or disability. All monies are subject to individual student need as well as the availability of funds.