Common use of Refunds and Changes in Fees processed by University Student Accounts Office Clause in Contracts

Refunds and Changes in Fees processed by University Student Accounts Office. i) Notice of any refunds or change in the fees to a Licensee will be sent to the University Student Accounts Office for processing through the Licensee’s student account. ii) Any refunds or fee changes submitted to the Licensee’s student account will be subject to University refund, disbursement, and business hold policies, as authorized per §41802 and Title 5 of the California Code of Regulations and other applicable law. Refunds deposited to a Licensee’s student account will first be applied to repay any funds due to federal, state, institutional or external sources that were conditioned on the Licensee’s enrollment. The Licensee agrees that the balance of any Refunds will be carried as a credit balance on the Licensee’s student account, unless the Licensee requests disbursement of the credit balance. Credits held in a Licensee’s student account will be applied to any outstanding charges for University services on the Licensee’s student account, with application to the oldest charges first, then to more recent charges. The Licensee may submit a disbursement request to the Student Accounts Office per its policies. This Refund process also applies to a Licensee who is no longer registered as a student at University.