Financial Aid Status and Waiver Form

Student Authorization to Budget Funds

I hereby authorize the school to credit my Title IV payments (Pell Grants, Stafford Loans, PLUS Loans) towards my school charges incurred in addition to my tuition and fees. These school charges can include, but are not limited to: books, supplies, equipment, tools, etc. 

I further authorize the school to apply any credit balance remaining in the current period to institutional costs for future periods.

I understand that I have the right to refuse to authorize any of the items on this statement. 

Authorization to Reduce Title IV Loan Debt

I hereby authorize the return of any credit balance remaining on my account, regardless of its source, at the end of an award year, end of a loan period, or at the end of my enrollment to my Title IV student loans in order to reduce my overall loan debt. I understand that this authorization is voluntary and may be rescinded at any time. 

Policy Concerning Credit Balances

As a student progresses through their 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, fees, tools and other charges. It is important to note that credit balances will not be disbursed in anticipation of future disbursements. Students are not entitled to receive a credit balance that does not yet exist. To receive funds from a credit balance, the procedure must be followed as stated by the financial aid administrator to request such balance. 

Waiver of Refund and Permission to Retain Funds from Credit Balances on Student Accounts

I waive my right to an immediate refund of any credit balance that may appear on my student account as a result of all Title IV funds including other outside financial aid funds applied against my tuition account. I understand that these credit balances may be applied against institutional charges for educationally-related activities other than tuition, fees, other direct institutional charges, and prior-award year charges. I further understand that if any credit balance remains at the end of my course of study it will be refunded to me within 14 days of my graduation date. I have the right to revoke this waiver at any time by informing the school in writing and I will receive a redund of any existing credit balance that may exist at the time of my revocation within 14 days.