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… and for any requested supporting documentation. Specific information regarding fees, tuition, and the refund policy for those students who drop out of school. An explanation of how students are selected for receipt of financial aid and how financial need is determined. This process … of the portion of financial aid the student received that must be repaid and what portion is grant aid or work study and does not need to be repaid. If the aid is a loan, the student has the right to know what the interest rate is, the total …