NMU's Compliance Database - Northern Michigan University
Student Right-to-Know Act
Reviewed By | Internal Auditor Owner |
URL: | https://www.nmu.edu/financialaid/consumer-and-safety-information |
Regulation Reference Cite | Public Law No. 101-542: 20 U.S.C. § 1092: 34 C.F.R. § 668.41; 34 C.F.R. § 668.45; 34 C.F.R. § 668.48 |
Report Due Date (Actual) | 07/01/2016 |
Level | Consumer Protection Posting |
Oversight Unit | FINANCIAL AID |
Person Responsible | Michael Rotundo |
Secondary Person Responsible | Christine Larson |
President / VP Level | Finance |
Description |
The University must have full time financial aid staff to assist students. University must make readily available upon request, through publications, mailings and electronic media, to enrolled and prospective students: 1) Financial aid programs available; 2) methods by which assistance is distributed among recipients; 3) means and requirements for applying; 4) rights and responsibilities when receiving aid; 5) cost of attendance; 6) refund policy, and grant return and withdrawal requirements; 7) the academic degree program; 8) names of financial aid personnel; 9) handicapped facilities; 10) names of accrediting entities; 11) academic standards; 12) graduation rates; 13) loan deferral and cancellation terms; 14) applicability of aid for study abroad; and 15) campus crime report. Annually the University must provide a list of this info to all enrolled students with the procedures for obtaining it. The University also must provide exit counseling for borrowers under this section.Annually the University must prepare the completion or graduation rate of its certificate or degree-seeking, full-time undergraduate students. As a member of an athletic conference, however, the Secretary of Education allows this requirement to be satisfied by the NCAA report to prospective student athletes, their coaches, parents and guidance counselors regarding completion or graduation rates for student athletes. The University must publish this data by July 1st, and the Spring IPEDS reporting satisfies that deadline. |
Contacts and Data Sources |
TBD |
Internal Notes |
This compliance item has notes that are available internally to the oversight unit. Please contact the Risk Management Department for more information |