The financial aid office should provide
monetary assistance to students who can benefit from further education
but cannot financially afford to
The financial aid office should work with schools, community groups, welfare
agencies, state scholarship programs, and other institutions in order to
realize the goal of equal opportunity in education.
The college or university should publish budgets indicating total student
expenses including tuition and fees, books and supplies, room and board,
and miscellaneous and personal expenses.
The financial aid office should provide any and all information necessary
for the student to have a clear understanding of his responsibility regarding
financial aid, i.e., loan repayment, policies of aid awards, commitment
to college work-study assignments, etc.
Parents are expected to assist
their children according to their means. Students are also expected to
contribute from their own assets and earnings,
from both summer work and work during the regular term (where appropriate).
Financial aid should be offered only after financial need has been established
by means of an approved need analysis system. the amount of aid offered
should not exceed the amount needed to meet the difference between the
students' total educational expenses and his resources.
The amount and type of self help assistance should be related to the circumstances
of the individual. An equitable distribution of all financial aid funds
should be predicated on established packaging philosophies and guidelines.
The office should review its awards annually and adjust them to reflect
changes in financial needs and expenses of the students.
Since the amount of financial assistance awarded reflects the economic
circumstances of the student and his family, the office should refrain
from any public announcement of the amount of aid offered and encourage
the student, the secondary school, and others to respect the confidentiality
of the information.
All documents, correspondence, and conversations between and among the
aid applicant, his family, and the financial aid staff are confidential
and entitled to the protection ordinarily arising from a counseling relationship.
Further, the dissemination of any information from the students or parents
file is strictly prohibited by the Educational Rights and Privacy Act
Concerns of the student should be paramount. financial aid should be administered
in such a manner that other interests, through important, are subordinate
to the needs of the student.