US Federal Student Aid
Consumer Information Disclosures
Federal Student Aid Consumer Information Disclosures
The following is to provide Burman University students with consumer information as required by the United States Federal Government to be disclosed through the Higher Education Opportunity Act of 1965. Any questions regarding this document can be brought to:
Student Financial Services
Telephone: 1.800.661.8129, x2
Email: sfs@burmanu.ca
Notice of Availability of Institutional and Financial Aid Information
This information is available on our website: www.burmanu.ca/usstudentaid
Student Financial Aid Information
Eligibility requirements and procedures for applying for aid; terms and conditions of the Title IV, HEA loans, including eligibility and methods of disbursement; criteria for selecting recipients and for determining award amount; methods and frequency of disbursements of aid; rights and responsibilities of students receiving Title IV, HEA student Financial Aid, including criteria for continued student eligibility and standards for Satisfactory Academic Progress; terms of any loan received as part of financial aid package, sample loan repayment schedule, and the necessity for repaying loans; and procedures and forms by which students apply for assistance are available at the following links:
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Student Loans
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Scholarships
Exit Counselling:
Students who have received Title IV Federal Student Aid while attending Burman University are required to complete FSA’s Exit Counselling. The Student Financial Services Office will inform students via student email when they are required to complete this step.
Facilities and Services Available to Students with Disabilities
Burman University is committed to promoting equitable access to educational programs for students, and had policies to support this commitment:
Price of Attendance
Refund Policy, Requirements for Withdrawal and Return of Title IV Financial Aid
Academic Program
Drug and Alcohol Abuse Prevention Program
Security Report
Private Loan Disclosures
It is strongly recommended that students, if eligible, first apply for federals loans as they have a lower interest rate. If additional funds are required there are some private education loans available; such as Sallie Mae.
Code of Conduct for Education Loans
The US code of conduct stipulates the following: In order to prohibit a conflict of interest when it comes to private education loans, employees with responsibility for US Loans are prohibited from the following;
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Making revenue-sharing arrangements with any lender;
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Receiving gifts from a lender, a guarantor, or a loan servicer;
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Entering into arrangements providing financial benefit from any lender or affiliate or a lender;
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Directing borrowers to a particular lender or refusing or delaying loan certifications;
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Offering funds for private loans;
All agents with responsibility for US loans are reminded at least annually of the code.