Financial Aid Recipients
Financial Aid Recipients
Payment Procedures: Any deductible financial aid will be reflected on the invoices if the financial aid is awarded when the invoice is printed. Aid that is awarded after an invoice has been printed may be deducted as follows:
1. Any aid, which is designated as "actual" on the "Notification of Financial Aid," may be deducted with the exception of College Work Study. (Deduct 99.0 percent of the Federal Direct Subsidized or Unsubsidized Loan amount awarded and 97.5 percent of the Federal Direct PLUS loan amount awarded). Use only the amount for the fall semester.
You may deduct an award from the Bureau of Vocational Rehabilitation (BVR) if Kent State University has received billing authorization from your local BVR office.
2. After deducting the appropriate amounts of financial aid, the balance must be paid in full or on the Installment Payment Plan by the payment deadline. You cannot use estimated (EST) aid, or awarded financial aid as the first installment plan payment. Contact the Bursar's Office for further information.
3. Kent State University has been approved as an experimental site participant under section 487 A (d) of the Higher Education Act. As a result, the University is not required to obtain written permission from a student to credit Title IV aid to prior term charges or to current charges previously disallowed by federal regulations. Students may decline this automatic crediting by signing a waiver at the Bursar's Office. The University reserves the right to hold any refund due to students signing such a waiver for the maximum period of time allowed by federal regulations.
Students desiring to receive verification of their possible aid should check FlashLine before initiating direct contact with the Student Financial Aid Office.
Some forms of aid vary in amount based on the number of course hours for which students are enrolled. The Student Financial Aid Office will use your enrollment as of the end of the first week of class as the basis for this determination.
FINANCIAL AID IN EXCESS OF UNIVERSITY FEES
1. Students can request refunds of excess financial aid via direct deposit by filling out a direct deposit form available through FlashLine.
2. The Bursar's Office will begin to prepare checks or direct deposit transfers for all financial aid recipients whose account reflects a credit balance as of 10 days prior to the start of classes. ALL FINANCIAL AID REFUND CHECKS WILL BE MAILED. The earliest date that refunds from excess financial aid may be mailed or deposited is 7 days prior to the start of classes.
3. It is not necessary to call the Bursar’s Office to request a refund. Refund checks or direct deposit transfers will automatically be produced and mailed, or deposited, once credits exist and eligibility requirements are met.
4. Refund checks will be mailed to the first applicable address from the following list:.
- Residence Halls
- If off campus, to local address
- If no local address, to permanent address on file
- Regional Campus refunds will be mailed directly to students' local/ permanent address.
NOTE: It is the student’s responsibility to ensure that the correct address is on file with the Registrar’s Office. Address corrections should be made at FlashLine. Incorrect addresses will significantly delay the delivery of your refund check.
FEDERAL PERKINS OR NURSING STUDENT LOANS
Beginning with the 2004-2005 academic year, Master Promissory Notes will replace the previous promissory notes that were required on an annual basis. The signed Master Promissory Note will cover all loans awarded under the Perkins Loan program at Kent State University until the note expires (a period extending for up to ten years). Promissory notes and related documents will be mailed to eligible borrowers 30 days prior to the start of the Fall semester. They will be mailed on a weekly basis.
FEDERAL NURSING STUDENT LOANS:
30 days prior to the start of the Fall semester, students who have been awarded a Nursing Student Loan must visit the Kent State University's Bursar's Office in person to sign a promissory note and complete other related documents.
*NOTE: Federal Perkins and/or Nursing Student Loans will NOT be credited to your student account and refunds WILL be delayed until the Promissory Note has been signed. All related documents must be completed and returned to the Bursar's Office.