Student Accounts: Prior Year Charges
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.
Should you choose to deny authorization to pay prior year charges up to $200 with your current academic year federal student financial aid, you will need to pay all prior year charges before your financial aid funds will be credited to your account.
Note that even if authorization is granted you must pay prior year charges that exceed $200.
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