As a student progresses through his/her education, there may come a time when a credit balance exists in a student’s account. This balance is often a result of financial aid that is over and above the costs of tuition, and other charges placed on the student account (i.e. books). These funds are available to students by the following procedures:
- The Financial Aid Department will notify a student when a Title IV financial aid disbursement has occurred.
- Any credit balance on a student account will be stipended to a student as soon as possible, but no later than 14 days after a disbursement or a R2T4 calculation.
- With written authorization from a student, up to $200 of a credit balance can be used to pay for prior year charges.
- A student has the right to revoke an authorization at any time in writing