Students have the right to:

• Know what financial assistance is available, including information on federal, state, and institutional financial aid programs; - Know the deadlines for submitting applications for each of the financial aid programs available;

• Know the cost of attending The Art Institute and the school's refund policy;

• Know the criteria used by The Art Institute to select financial aid recipients;

• Know how The Art Institute determines your financial need. This process includes how costs for tuition and fees, room and board, travel, books and supplies, personal and miscellaneous expenses, etc., are considered in your budget;

• Know what resources (such as parental contribution, other financial aid, your assets, etc.) are considered in the calculation of your need.

• Know how much of your financial need, as determined by The Art Institute, has been met; request from the Student Financial Services Department an explanation of the various programs in your student aid package. If you believe you have been treated unfairly, you may request reconsideration of the award, which was made to you;

• Know what portion of the financial aid you received must be repaid, and what portion is grant aid. If the aid is a loan, you have the right to know what the interest rate is, the total amount that must be repaid, the pay-back procedures, the length of time you have to repay the loan, and when repayment is to begin;

• Know how the school determines whether you are making satisfactory academic progress, and what happens if you are not.