2015-2016 Catalog > Financial Aid Programs and Sources
Federal Direct student loans are available; however, THEY ALL REQUIRE REPAYMENT. Think before you borrow, and borrow only what you need for educational expenses; convenience now may result in financial hardship later. Failure to repay student loans results in a damaged credit rating and makes credit difficult to obtain in the future. Federal regulations require that subsequent loan disbursements be returned to the U.S. Department of Education if at any time you enroll for and complete less than six (6) credit hours during the period of the loan as indicated on your Direct Loan application. Your loan application will be voided, and you must start the loan application process over again.
Warning! If you receive federal and/or state aid based on inaccurate information, you will have to pay it back; you also may have to pay fines and fees. If you purposely give false or misleading information on any documents used to determine your aid eligibility, you may be fined $20,000, sent to prison, or both.