Refunds of PLUS Loan Proceeds

From: Cheryl Goetz (Cheryl.Goetz@unh.edu)
Date: Wed Jan 08 2003 - 11:51:09 EST

  • Next message: Cheryl Goetz: "Refunds of PLUS Loan Proceeds"

    The Department of Education does not dictate how we should handle refunds
    related to Parent PLUS Loans. They have told us that it is up to the
    individual school how they handle these refunds, but that the school must
    have a written policy. We are looking at changing our current policy and
    would like to have some input as to how other schools handle these.

    1) Do you always offer PLUS Loan refunds directly to the parent, or directly
    to the student?

    2) Do you require permission from the parent to disburse the refund to the
    student?

    3) Do you require the student's permission to disburse the refund to the
    parent?

    4) If the PLUS loan is not the only method of payment, what are your
    guidelines to determine if the overpayment is from the PLUS Loan?

    Thank you.

    Cheryl Goetz
    Senior Accountant
    UNH Business Services
    11 Garrison Avenue
    Durham, NH 03824
    (603) 862-0091
    Cheryl.Goetz@unh.edu

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