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Requesting changes to your award: If you have additional expenses,
such as dependent care or costs related to a disability that are
not paid by another source (AFDC, Vocational Rehabilitation), you
may request an adjustment in your budget. You will be required to
provide documentation regarding the expenses. Standardized amounts
for dependent care will be used, if you qualify. Get Request for Child
Care forms online.
If your 2006 income or your parents’ 2006 income will be
considerably less than your 2005 income due to loss of employment
or benefits, death, divorce, or reduction in employment hours, you
may request a “Professional Judgment” re-evaluation
of your financial aid eligibility. You or your parents will be required
to document the change of income. Professional judgments are reviewed
on a case-by-case basis in the order they are received after the
student’s initial award letter has been processed. Changes
due to income only will not be reviewed until after January 1, 2007,
unless this is the result of a death or divorce. Get the 2006/2007 Professional
Judgment Appeal Form is on line.
If your residency or enrollment plans change, you must notify the
Financial Aid Office because your eligibility for financial aid
may be affected. If you receive any educational funding, such as
Veteran’s Benefits, Vocational Rehabilitation, and/or Employer
Assistance, or if you are awarded a scholarship, grant, or stipend,
you must report this information to the Financial Aid Office in
writing as soon as possible. A Financial Aid Administrator will
re-evaluate your eligibility. If you are no longer eligible for
part of the aid you have been offered, we will work with you to
resolve any over-award as painlessly as possible. If it is necessary
that you repay a portion of your financial aid, you will have to
repay it before you are eligible for further aid.
After you leave school, you must stay current with your loan payments
to the college or lender. If the Financial Aid Office learns that
you are delinquent or in default on a loan from another school,
your current award could be canceled. The MSU Billings Business
Office staff can help you with Perkins Loan deferments and repayment
arrangements to avoid default.
Financial Aid Responsibility
The Financial Aid staff is responsible for processing your aid
application and administering your award in a timely manner. You
have the right to expect equitable treatment in the consideration
of your application for financial aid and employment assistance.
Each student’s file is evaluated on an individual basis and
financial aid is awarded according to eligibility and packaging
guidelines. The Financial Aid staff reviews files in the order they
are completed. Students who provide information to complete their
files during peak business times (July, August & September)
may experience a substantial delay due to the high volume of files
being processed. If you apply or complete your file late, please
be prepared to pay with you own funds until your file is reviewed
and awarded.
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