Funds received under the Title IV programs include:
- Federal Stafford Loan
- Federal Perkins Loan
- Federal Pell Grant
- Federal SEOG
- Federal Plus loan
If you have a Title IV credit balance from the disbursement of these funds to your student account at any time during the school year, the University is required by law to obtain your permission to apply the credit balance to prior year or future term charges.
If you do not grant authorization, your federal financial aid and loans cannot be used to pay for charges other than tuition, mandatory fees, and University housing and meal plans. Health insurance and other miscellaneous charges cannot be paid by federal financial aid. This may negatively affect any financial plan you have in place.
The authorization form can be found under the My Finances tab in MySuffolk and Campus Cruiser and needs to be completed by anyone who receives federal financial aid. You have to do this only once during your time here at Suffolk University. Failure to complete this form will result in us giving you a refund and not paying the entire balance on your bill.
If at any time during your enrollment here at Suffolk University, you want to rescind this authorization, you may do so by emailing us at firstname.lastname@example.org.
Using Title IV Aid for Books & Supplies
In accordance with the US Department of Education policy, Pell Grant eligible students who have a pending credit balance due to Title IV funds are eligible to receive a refund for the amount of the credit up to $600 in order to purchase books and supplies.
If you meet this criteria, a refund will be mailed to your permanent address on the first day of classes. You may opt out of this refund and use your credit balance toward associated costs of attendance such as health insurance by notifying the Bursar’s Office at email@example.com.
Please be aware - the use of the pending credit for books and supplies rather than. associated costs may result in a balance due to the University.