The billing statements reflect all university-administered financial aid
awards for the semester billed for. In addition, contracts with the
Highlander Choice Payment Plan are shown. Private off-campus scholarships
are shown only if the university received the scholarship check prior to
the date of the billing statement. Work Study/ Work Scholarship awards are
not credited to the student's account and therefore cannot be used for
payment of tuition.
Pending credit for Stafford and PLUS Loans: The university will provide
credit for Stafford Loans offered and/or accepted and for PLUS loans
applied for by the billing statement cut-off date. The loan amount being
credited will be the
approximate net disbursement (the loan check amount)
for the enrollment period. Current Federal and State regulations require
that an origination and guarantee fee be deducted from Stafford Loan and
PLUS Loan checks, therefore the credit used on the bill is the borrowed
amount for the term less 4%. Should a PLUS Loan be subsequently denied by
the lender, all charges previously deferred will be due and payable
immediately.
Please remember that students receiving financial aid credit on their bills
in an amount sufficient to cover the total cost will have their classes
confirmed.
Students who register for classes and decide not to attend
must contact the Financial Aid Office and the Registrar's Office prior to
the beginning of the semester.