Federal student financial aid can only cover the “current” academic year (the academic year begins in summer semester and ends in spring semester) institutional charges as defined by the U.S. Department of Education. Therefore, in order to pay “prior year” charges (limited to $200 or less), with your current academic year’s financial aid, you must provide written authorization for the University to do so. If you have enough financial aid to cover your current year charges and have excess financial aid that you would like to apply to pay on a prior year balance due on your student account ($200 or less), you may do so by completing the Title IV Authorization Form.
Failure to submit authorization to pay prior year charges of up to $200 with your current academic year federal student financial aid may result in a refund of Title IV aid and a subsequent student account hold and/or late fee on the balance due for prior year charges. Note that even if authorization is granted you must pay prior year charges that exceed $200. back to top