If a student has completed the financial aid process for Federal Direct, Perkins, or Nursing loans, the amount for the semester (less applicable fees) has been deducted as a pending credit from the balance due on his/her statement.
Students receiving Federal Perkins loans will be required to sign a new Master Promissory Note (MPN). Once this note is signed, disbursements will be credited to the student's account for each semester funds are awarded. Recipients awarded Nursing loans are required to sign an MPN once per year before proceeds will be credited to the student's account.
State scholarships, outside scholarships, the QuikPAY® payment plan, Pell Grants, and other forms of aid that may be included in pending credits are applied to the student's account as they are received by the University.
Students receiving awards from outside agencies should make sure that the Office of Student Services is aware of these awards, particularly if a bill needs to be sent to the agency before funds will be remitted.
Outside scholarships that are not already credited to the student's bill may be deducted from the balance due, provided they are not contingent upon grades and that documentation of the award has been sent to the Office of Student Services.
If the University does not receive the funds for the pending credits listed on your statement, you will be responsible for payment of the total balance on your student account.
If the amount of the pending credits received for outside scholarships exceeds the amount reported to Financial Services during the financial aid process, an aid adjustment may be required.