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Financial Aid Payment Procedures

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 Federal Work Study. (Deduct 99.5% of the Federal Direct Subsidized or Unsubsidized Loan amount awarded and 97.5% of the Federal Direct PLUS loan amount awarded). Use only the amount for the fall semester.
 
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. Beginning with NEW students enrolled for Summer 2009, Per Federal regulations you can voluntarily authorize that your Title IV Federal Aid be used to pay your current term non-institutional charges such as parking fines, library fines, health center charges, etc.  You can also authorize that your Title IV Federal Aid be used to pay for prior term non-institutional charges (with a maximum amount allowable to pay for a prior term capped at $200).  Click here for additional information regarding Authorization of Title IV Aid.
 
Students desiring to receive verification of their estimated 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.

 

FEDERAL PERKINS OR NURSING STUDENT LOANS

 
Master Promissory Notes have replaced the previous promissory notes that were required on an annual basis. The signed Master Promissory Note will cover all loans awarded under these programs at Kent State University until the note expires (a period extending for up to ten years).  An e-mail will be sent to students required to sign a Master Promissory Note.  Students will be directed to an online site  signmyloan.com for an electronic signature.  
 
*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.