Loans | Student Financial Services

Title IV Credit Authorizations | Student Financial Services

You have a Title IV credit stability in case your federal monetary support exceeds your prices for tuition, charges, college housing and meal plans for a time period.

1. I authorize Baylor University to make use of any Title IV fund credit stability to pay any present miscellaneous prices that I incur, corresponding to, however not restricted to, parking, well being insurance, and late charges.

2. If all present yr institutional prices are paid, I additional authorize any Title IV fund credit stability to pay any minor excellent college prices from prior years, to not exceed $200. If a student says “Yes” to this query, federal funds can be utilized to pay for different prices like misplaced library books, parking permits, well being middle charges, and many others.  If a student says “No,” the college will ship a refund by direct deposit (or test if direct deposit account isn’t arrange) for the Title IV credit stability. A student who says “No” and has a parking price on their account may have a maintain for not making this fee out of pocket.

Most forms of federal student support and loans are from Title IV of the Higher Education Act, and are included on this authorization. Funds embody Federal Pell Grants, Federal Supplemental Educational Opportunity Grants, Federal Academic Competitiveness Grants, National SMART Grants, Federal Direct Stafford and PLUS Loans, and Federal Perkins Loans.

If you’ve got been awarded Title IV monetary support and you haven’t beforehand accomplished the Title IV Credit Authorization, you must full the authorization course of through your BearWeb account by following this path: Student Financial Services > Student Account > Title IV Authorizations. 

READ:   2020 Guide to the Best Federal Student Loan Forgiveness Programs

If you don’t grant authorization, your federal monetary support and loans can’t be used to pay for prices aside from tuition, charges, college housing and meal plans, and any extra support can be refunded to you. This might negatively have an effect on any monetary plan you’ve got in place.

These authorizations are voluntary and can stay in impact at some point of your Baylor University training. If you want to rescind the authorization it’s possible you’ll achieve this at any time by notifying the Student Accounts Office in writing at baylor.edu/sfs/contactus.

If you’ve got any questions on these authorizations or about Title IV funds you’ve got obtained, please contact the Student Accounts Office at baylor.edu/sfs/contactus, or by cellphone at 254-710-2311.