What is a memo? Why doesn my scholarship show up in the memo balance?
A memo is any amount that is expected but the requirements have yet to be met. An example of a memo is a Perkins Loan for which a student has yet to sign a Promissory Note or complete the Entrance Interview. Students receiving outside scholarship awards must provide acceptable documentation prior to the published payment deadline. Acceptable documentation includes a copy of an award letter, billing authorization, or sponsorship letter. Unless specifically stated in the sponsorship letter, all outside scholarships will be evenly applied to the fall and spring semesters. Providing this documentation will allow the college to memo the amount on the monthly statement until the award is received.
A memo is any amount that is expected but the requirements have yet to be met. An example of a memo is a Perkins Loan for which a student has yet to sign a Promissory Note or complete the Entrance Interview. Students receiving outside scholarship awards must provide acceptable documentation prior to the published payment deadline. Acceptable documentation includes a copy of an award letter, billing authorization, or sponsorship letter. Unless specifically stated in the sponsorship letter, all outside scholarships will be evenly applied to the fall and spring semesters. Providing this documentation will allow the College to memo the amount until the award is received.
