How and When Aid Will Be Disbursed  Information on Preventing Drug and Alcohol Abuse  Student "Rights" Related to Financial Aid You have the right to know:  The cost of attendance  The refund policy for students who withdraw  What financial assistance is available from federal, state, and institutional sources  Procedures and deadlines for submitting applications for financial aid  How financial aid recipients are selected  How your eligibility was determined, including all resources the aid office considered available to you  How and when funds will be disbursed to you  An explanation of each type of award you receive  For any student loan you receive: the interest rate, total amount you must repay, when your repayment begins, the length of your repayment, and the cancellation and deferment provisions applicable to your loan  For any Federal Work Study job: a description of the job, the hours you must work, the rate of pay, and how and when you will be paid  The criteria used to determine satisfactory academic progress for financial aid purposes  How to request a review of a decision by the Office of Student Financial Aid concerning your aid package Student "Responsibilities" Related to Financial Aid It is your responsibility to:  Read directions thoroughly, complete all application forms accurately, and to comply with any deadlines Provide any supplemental information or documentation required by the Office of Student Financial Aid or other agency as applicable Read, understand, and keep copies of any forms you are required to sign  Repay any student loans you may receive  Attend an entrance interview and an exit interview if you receive federal student loan while in attendance at Alcorn State University  Notify the Office of Student Financial Aid of any change in your enrollment, housing, or financial aid status (including any scholarships or grants received from outside sources). Change of address and enrollment status must also be reported to your l lender if you have a loan.  Satisfactorily perform the work agreed upon in a Federal Work Study job  Know and comply with all requirements for continuation of financial aid, including satisfactory academic progress requirements.  How and When Aid Will Be Disbursed The student will receive an award letter (if eligible for financial assistance) once his or her file is complete. Any funds awarded will be used to pay tuition, fees, room, board, etc. One week after the end of registration of every semester, aid will be disbursed to the student's account. The Business Office will credit any residual balances within 10 working days.  If awarded Federal Work Study, the student must work and earn the amount awarded. The 10th of every month, a work study check will be cut in the business office. If these funds are disbursed to the student, the student should pay his or her tuition charges.  Drug and Alcohol Abuse Prevention If you would like information concerning the prevention of drug and alcohol abuse, please contact the: Substance Abuse Prevention Office Student/EAP, A Title III Activity Alcorn State University (601)877-6696 or 877-6697                             Return to Financial Services Home