The disbursement of Federal Title IV funds will be used to pay in full all Federal allowable charges (tuition, fees, room, and board) for the current semester. However, if there are excess federal funds after all allowable charges have been paid, students may authorize the use of these excess funds for other charges that do not fall under the umbrella of mandatory fees, such as minor prior-year charges and to other current educational expenses such as, but not limited to books and supplies, health insurance, parking and transportation fees, library fees,drop/add and withdrawal fees, and graduation fees. Federal allowable charges are first met by federal Title IV funds, then institutional funds, and finally by outside or personal funds.

Additionally, if a credit balance appears on a student account and is the result of a personal payment or from any other alternative payment source, a student may leave this credit on the account to pay for future fees.

In the case of a Federal Parent PLUS loan, SAU requires authorization from the parent borrower to apply the funds to the charges beyond allowable expenses. Furthermore, if a refund of PLUS loan funds is requested, it will be refunded to the parent(s). A separate authorization forPLUS Loans can be found on the PLUS Loan application.

I understand that this authorization is voluntary and will remain valid until the completion of my program at SAU. I further acknowledge that I may rescind this decision at any time by submitting a written request. Any interest earned on the funds will be retained by the institution.

If funds are available after ALL of my educational charges have been paid, I request the following: