U.S. Department of Education regulations require the disclosure of general information to help students and families make better-informed decisions about higher education. Below are links to WMed consumer information, policies, and disclosures as required under the Higher Education Act of 1965, as amended.
- Consumer Information
Consumer Information can be found at https://wmed.edu/consumer-information.
- WMed Institutional Policies, Manuals, and Statements
Institutional policies, manuals, and statements can be found at https://wmed.edu/policies-manuals-statements.
- WMed Financial Aid Policy
The WMed Financial Aid Policy Manual can be found at this link
The Office of Financial Aid staff, other employees, and agents having responsibilities concerning education loans or other financial aid, are committed to the highest level of ethical and professional standards in providing financial aid services and in the administration of those programs. The individuals follow the institutional Code of Professional Conduct and the ethical principles and Code of Conduct upheld by the National Association of Student Financial Aid Administrators for its member institutions.
For more information or to request a printed copy of WMed consumer information, policies, manuals, or statements, contact the Office of Student Affairs.
- Federal Aid Recipient Rights and Responsibilities
Students have the right to:
- Know the financial assistance programs available, and the procedures and deadlines for applying for financial aid;
- Know the criteria for determining the cost of attendance, financial aid eligibility, and calculating financial need;
- Know how and when financial aid funds are disbursed;
- Know the criteria for maintaining financial aid eligibility including standards of satisfactory academic progress, and what happens if not met;
- Know what portion of financial assistance is a scholarship/grant and what portion is a loan that must be repaid. If the aid is a loan, know the total amount to be repaid, the interest rate, payback procedures, length of time to repay, and when repayment begins;
- Request an explanation of the types of aid offered, and request in writing a review of their financial aid application and eligibility;
- Privacy. All records submitted for financial aid are confidential, and subject to legal requirements concerning disclosure of such information.
Students have the responsibility to:
- Complete all financial assistance application forms accurately, submit them by the appropriate deadlines, and notify the Office of Financial Aid of any changes to reported information;
- Respond in a timely manner to requests for additional documentation related to verification or corrections;
- Notify the Office of Financial Aid of any sources of external or third party assistance including awards, grants, scholarships, and service commitment scholarships;
- Read and understand all forms, both paper and electronic, that are submitted or signed, and retain copies of these forms.
- If borrowing a loan(s), participate in any required entrance/exit counseling, and notify servicers of any changes in name, address, or school status;
- Maintain standards of satisfactory academic progress for financial aid eligibility;
- Know and comply with all institutional policies including the tuition refund and Return of Title IV fund policies.
Disclaimer: All information is based on Western Michigan University Homer Stryker M.D. School of Medicine’s Office of Financial Aid interpretation of current U.S. Department of Education federal legislation, regulations, and guidance. This information is subject to change.