What type of charges will my Title IV financial aid pay, if I accept or decline question #2?
If you accept and allow Grand Valley to apply Title IV financial aid to previous year institutional charges, then all charges on your student account for the previous, as well as the current semester, are available to be paid by Title IV funds. Beginning July 1, 2008, the amount of Title IV financial aid that can be used to pay prior academic year charges is limited to a total of not more than $200. If you decline, Title IV aid will only pay current academic year charges. Even if you have a balance on your account after your current year charges are paid, you will have to pay any previous academic year charges with other funds or risk having your current classes dropped.
Related Questions
- What if my financial aid is delayed and I don have the funds to pay my tuition and fee charges by August 22, 2011? What can I do to avoid being charged a late fee?
- What type of charges will my Title IV financial aid pay, if I accept or decline question #2?
- Can the Financial Aid Office estimate if I am eligible for Title IV Aid?
