Numerous federal laws and regulations govern the administration of financial aid programs. An important aspect of the obligations concerns the College’s responsibility to disclose to students, or “consumers,” information about the financial aid program. For a detailed discussion of the college’s obligations in this respect see the Campus Legal Information Clearinghouse website.
A chart listing the different requirements under the law and identifying who receives the information (currently enrolled students, current employees, the general public, applicants for admission, etc.); what they receive (the entire report or notice of availability of report); how it must be provided (direct individual notice, web page, email); and when (what date, how often) it must be provided is available as the last three pages of Chapter 7 of the Student Financial Aid Handbook published by the Department of Education.