Applying Federal Financial Aid to Non-Institutional Charges
If you are awarded financial aid, in excess of your semester charges, you may be eligible for a refund.
If you wish to apply credit from Federal Aid to pay non-institutional charges, which may include a book advance, parking permits, housing fines, health insurance, etc. A Title IV Authorization Form (Dynamic Form) must be completed. Please allow 24 business hours for processing
Applying Financial Aid Credit to Semester Charges
Actual/accepted financial aid awards may be used to satisfy an account if the following conditions are met:
- A Free Application for Federal Student Aid (FAFSA) needs to be completed.
- The student file with the Financial Aid Office must be completed.
- Awards must be accepted through MyFalcon.
- Entrance Counseling and Promissory Notes must be completed for Federal Direct Loans or Parent Plus loans. This is only required for first time borrowers.
- Estimated awards can’t be used as credit.
- Federal work study awards can’t be used as credit.
After actual accepted aid has been credited to the semester charges, any remaining balance must be cleared by the semester due date.
If the aid credit exceeds the semester charges resulting in a credit balance, a refund will be processed to the student when aid is disbursed.
Refunds resulting from a Parent Plus Loan disbursement will be refunded by check to the parent borrower, unless authorized to be refunded to the student.
Refunds may not be available until the mid-point of the semester. Please plan accordingly if using for rent, books or other supplies.
Fitchburg State complies with federal recommendations and guidelines. The institutional charges or financial obligations are paid in full before any refund(s) to students are issued.
If financial aid is canceled for any reason, the student will be responsible for all charges due.
For further information regarding Financial Aid, please visit Financial Aid.