By accepting your financial aid, you are agreeing to the following Terms and Conditions:
- I agree to use the Financial Aid self-service functionality and accept/decline my aid electronically. I understand I may contact the Financial Aid Office regarding alternative methods of communication; and that I can rescind my permission at any time by contacting the Financial Aid Office.
- I understand I may receive aid from only one school each term and accepting Southern Oregon University financial aid means I am not receiving aid for attendance at any other school for that same time period.
- I understand that I must report any additional financial assistance missing on my award notice, such as scholarships, vocational rehabilitation funds, and employer tuition assistance. I understand that my aid may be adjusted if additional aid exceeds my demonstrated financial need or my cost of attendance.
I understand that:
- Once I enroll in classes I am responsible for canceling my registration if I choose not to attend Southern Oregon University. I will be responsible for any charges made to my account if I fail to cancel my registration.
- If I completely withdraw from the term, I may be required to repay all, or a portion, of the aid disbursed to my account.
- If I drop below half-time enrollment, 6 credits, during the refund period and have Direct Loans, any reunfd may be returned to the Direct Loan Servicer. The Direct Loan Servicer will be notified of my less than half-time status.
- I must only be enrolled in classes required to complete degree requirements or specified program of study. You should refer to your degree requirements to determine that the cousework you are enrolled in is required. Federal law requires that you be degree-seeking and making Satisfactory Academic Progress (SAP) to receive Title IV Federal Financial Aid.
- Oregon Opportunity State Grants are updated throughout the aid year. Your state funds are subject to change as enrollment information is reported to OSAC. Please refer to http://www.oregonstudentaid.gov/ for more information.
- If awarded a Merit based scholarship (Provost, Provost Transfer, Churchill Transfer, Laurels, Laurels Transfer, Jefferson, and/or Honor Scholarships), I must enroll and successfully complete a minimum of 12 credits per term, maintain a SOU institutional cumulative GPA of a 3.0, and maintain continuous enrollment or notify the Financial Aid Office in writing if I withdraw from SOU during a term or do not register for a subsequent term. If all criteria are met, this scholarship will be automatically renewed for up to four years for first-year students and two years for transfer students.
- Federal Work Study, The FSEOG Grant, and institutional grants are awarded first come first serve basis, based on full time enrollment, as funds allow and those with the greatest need.
- I understand that my Cost of Attendance (a financial aid budget) will be:
- used to determine the amounts and types of financial aid I am eligibile to receive and, thus, my financial aid may be reduced when my Cost of Attendance is adjusted;
- based initially on the assumption of full time enrollment in financial aid eligible credits;
- reduced prior to the first disbursement of financial aid for the term if my enrollment is less than full time;
- adjusted based on my enrollment on the Financial Aid Census date and in each of the situations described below for Pell Grant recalculations.
- I understand that my Pell Grant will be recalculated:
- Based on the number of financial aid eligibile credits for which I am enrolled as of the Financial Aid Census Date.
- If I withdraw or receive a non-passing grade and my professor is unable to document my attendance and participation in academic related activities.
- When I drop a class before it starts of completely withdraw from Southern Oregon University.
- I understand that recalculations to my financial aid may cause a balance due on my InsideSOU account and that I am responsible for reviewing my InsideSOU account to see if I owe a repayment of a Pell Grant or other Financial Aid
- Refunds will be processed within 14 days by the Business Office after your financial aid has actually been applied to your charges.
- If you withdraw or stop attending, your financial aid may be adjusted because the school is required to complete a Federal Return to Title IV Refund calculation to determine how much financial aid you earned. If Southern Oregon University is required to return any funds to the US Department of Education, you will be required to repay those funds to Southern Oregon University.
- You will receive financial aid in three installments (one third is disbursed for fall quarter; one third for winter quarter; the last third for spring quarter), unless otherwise noted. Disbursements are made directly to your student account.
- If you borrow Direct Student Loans, you will be required to complete exit counseling and an exit counseling hold will be placed on your student account until this requirement is completed.
I understand that if I purposely give false or misleading information on any financial aid form, I will subject to the college's disciplinary process. Additionally I may be subject to criminal prosecution under which I may be fined up to $20,000, may be sent to prison or both.