Common use of FINANCIAL AID Clause in Contracts

FINANCIAL AID. Financial Aid may be applied directly to housing fees if Licensee accepts enough Financial Aid to first cover all registration and tuition charges. i. Financial Aid can only be applied to charges in the quarter for which that aid is disbursed. Financial Aid for winter quarter cannot be applied to charges for fall quarter or vice versa. ii. Qualified Financial Aid can include certain types of student loans, grants and/or many scholarships but does not include Federal Work-Study. Please refer to the Financial Aid calculator on the Student Accounts webpage. iii. Once Disbursable Qualified Financial Aid is exhausted, the Licensee will be responsible for any and all payments due by the due date(s) for that quarter’s charges which may also be subject to Late Fees. iv. If payment by Financial Aid eligible, the Licensee will see a “Deferred by Financial Aid” indicator next to the Housing Balance on their Money Matters Tab. If “Deferred by Financial Aid” is not notated on the Money Matters Tab next to the Housing Balance, the Licensee is responsible for making a payment on September 1. A registration hold will be placed for any past due fee amounts that are not eligible for financial aid deferral.

FINANCIAL AID. Financial Aid may be applied directly to housing and dining fees if Licensee accepts enough Financial Aid to first cover all registration and tuition charges. i. Financial Aid can only be applied to charges in the quarter for which that aid is disbursed. Financial Aid for winter quarter cannot be applied to charges for fall quarter or vice versa. ii. Qualified Financial Aid can include certain types of student loans, grants and/or many scholarships but does not include Federal Work-Study. Please refer to the Financial Aid calculator on the Student Accounts webpage. iii. Once Disbursable Qualified Financial Aid is exhausted, the Licensee will be responsible for any and all payments due by the due date(s) for that quarter’s charges which may also be subject to Late Fees. iv. If payment by Financial Aid eligible, the Licensee will see a “Deferred by Financial Aid” indicator next to the Housing Balance on their Money Matters Tab. If “Deferred by Financial Aid” is not notated on the Money Matters Tab next to the Housing Balance, the Licensee is responsible for making a payment on September 1. A registration hold will be placed for any past due fee amounts that are not eligible for financial aid deferral.

FINANCIAL AID. Financial Aid may be applied directly to housing and/or dining fees if Licensee accepts enough Financial Aid to first cover all registration and tuition charges. i. Financial Aid can only be applied to charges in the quarter for which that aid is disbursed. Financial Aid for winter quarter cannot be applied to charges for fall quarter or vice versa. ii. Qualified Financial Aid can include certain types of student loans, grants and/or many scholarships but does not include Federal Work-Study. Please refer to the Financial Aid calculator on the Student Accounts webpage. iii. Once Disbursable Qualified Financial Aid is exhausted, the Licensee will be responsible for any and all payments due by the due date(s) for that quarter’s charges which may also be subject to Late Fees. iv. If payment by Financial Aid eligible, the Licensee will see a “Deferred by Financial Aid” indicator next to the Housing Balance on their Money Matters Tab. If “Deferred by Financial Aid” is not notated on the Money Matters Tab next to the Housing Balance, the Licensee is responsible for making a payment on September 1. A registration hold will be placed for any past due fee amounts that are not eligible for financial aid deferral.