Common use of FINANCIAL AID PAYMENT PLAN Clause in Contracts

FINANCIAL AID PAYMENT PLAN. As per Title V of the California Code of Regulations, § 668.165, an institution may use Title IV, HEA program funds to credit a student's account at the institution to satisfy current charges for (i) board, if the student contracts with the institution for board; and (ii) room, if the student contracts with the institution for room. The Initial Fee Payment is not covered by Licensee's financial aid award and must be submitted with this License Agreement. Installment Payments are deducted from Financial Aid disbursement(s) and applied toward the housing balance. Amounts are indicated on the Fee Payment Schedule. If student is receiving Financial Aid and has Housing charges due for the semester, student may not opt out of having Housing charges deducted from Financial Aid disbursements.

FINANCIAL AID PAYMENT PLAN. As per Title V of the California Code of Regulations, § 668.165, an institution may use Title IV, HEA program funds to credit a student's account at the institution to satisfy current charges for (i) board, if the student contracts with the institution for board; and (ii) room, if the student contracts with the institution for room. The Initial Fee Payment (Installment #1) is not covered by Licensee's financial aid award and must be submitted with this License Agreement. Installment Payments Equivalent of twelve (12) monthly payments are deducted from Financial Aid disbursement(s) and applied toward the housing balance. Amounts are indicated on the Fee Payment Schedule. If student is receiving Financial Aid and has Housing charges due for the semester, student may not opt out of having Housing charges deducted from Financial Aid disbursements.