Veteran Education Benefits
The University of New England is approved by the Veterans Administration for a variety of veteran educational benefit programs, including the Montgomery GI Bill. Students who believe they qualify for veteran educational benefits should contact the Veterans Administration web site (link: www.gibill.va.gov) or by calling (888) 422-4551 to speak to a VA Benefits Counselor. Veterans can also contact the University's VA representative at (207) 602-2342 for additional information.
Enrollment Confirmation
Your estimated cost and financial aid are based on the course information that you provide to the Financial Aid Office. Once our office has received your financial aid application materials, you will be contacted to indicate which courses you will take each semester. After the end of the add-drop period each semester, the Financial Aid Office will compare your intended enrollment to your actual enrollment. If your actual enrollment is different from what was reported, adjustments will need to be made to some of your financial aid.
Receipt of External Assistance
As the student, it is your responsibility to notify our office of all financial assistance you will receive from external sources during the academic year. External assistance may include private scholarships, tuition waivers, veterans educational benefits, and private loans. Federal regulations require that all external assistance be taken into consideration when your financial aid award is determined.
If our office receives notification that you are receiving external assistance after you have been awarded financial aid, circumstances will require that your financial aid from the University be adjusted in accordance with federal regulations.
Special Circumstances
We recognize that a student's individual financial circumstances may not always be adequately captured on the FAFSA. If you feel that there are special circumstances that should be taken into consideration by our office when we evaluate your need for financial assistance, please contact our office.
Your Rights and Responsibilities as a Financial Aid Recipient
As a financial aid recipient, you have certain rights and responsibilities that you should be aware of throughout the process of applying for and awarding of financial aid.
You have the right to know the financial aid programs available at the University; the financial aid application procedure and deadlines; how your financial aid eligibility is determined; how your financial need was met; the University's refund and repayment policies; and the University's standard for meeting satisfactory academic progress.
You have the responsibility of completing all required financial aid materials accurately by the established deadlines; responding to all inquiries from the Financial Aid Office in a timely fashion; providing the Financial Aid Office with accurate information; notifying the Financial Aid Office if there has been a change in your family's circumstances or if you receive assistance from any outside source; and maintaining satisfactory academic progress.
Refund and Repayment Policy
Students who receive Title IV federal financial aid and fully withdraw from the University of New England on or before the 60 percent point in the term (in calendar days) are entitled to keep a portion of Title IV federal student aid that s/he has earned to that point of withdrawal from the University. The Financial Aid Office will calculate the amount of aid the student has earned using the Federal Return of Title IV Funds process. If a student who is receiving federal financial aid withdraws after the 60 percent point of the term, s/he is considered to have earned all of their federal student aid for that semester.
Federal law mandates that a student must earn his/her federal student aid or the funds must be returned to the federal financial aid programs. If any federal aid was disbursed directly to the student, s/he is responsible for returning unearned funds to the federal financial aid programs within a timely manner. Failure to do so may result in the student being ineligible for future federal student financial aid.
For those who officially withdraw from the University of New England, the withdrawal date is either the date the student began the University's withdrawal process, or officially notified the University of intent to withdraw. Students must complete official withdrawal paperwork with their academic dean's office. If the student does not officially withdraw, the date is either the midpoint of the semester or a date determined by documented academically related activity.
Refunds to the student and/or the federal financial aid programs by the student or the University will be made within 30 days of the date that the University determines the student has withdrawn. Once the earned amount of a student's financial aid has been applied to their institutional charges, the student is responsible for any remaining balance due the University.
Students who withdraw from the University are required to complete an exit counseling session to review their rights and responsibilities as a student loan borrower. This session will provide information on loan repayment, including deferments, grace periods, loan consolidation, and loan default.