UB Undergraduate Catalog 2006-2007

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To be considered eligible for financial aid, students must:

• Be U.S. citizens or eligible non-citizens
• Be registered with the selective service (if required)
• Maintain satisfactory academic progress for federal and state financial aid
• Not owe a refund on a federal grant or be in default on a federal educational loan
• Demonstrate financial need (except for federal unsubsidized loans)

Important facts to remember when applying for aid:

• Less than full-time status may affect financial aid eligibility. At UB, undergraduate students must be registered for at least 12 credit hours per semester to be considered full time.
• Over-awards can occur because students are awarded other funds from outside agencies after they have accepted their award package. The over-award situation may cause aid packages to be reduced. If students receive additional funds not specified in their award letter, they should notify Student Academic Records and Financial Services in writing.
• Students who receive Title IV Aid (FDSL Loans, Perkins Loans, Pell, or SEOG Grants) and officially resign from the university should request and refer to a copy of the Policy Statement for the Adjustment of Financial Aid Due to Discontinuance of Study. Copies are available on the Student Academic and Financial Services web site.
• Students who do not officially resign are considered in attendance for that semester and are responsible for all academic and financial liabilities.