Refunds of PLUS Loan Proceeds

From: Cheryl Goetz (Cheryl.Goetz@unh.edu)
Date: Wed Jan 08 2003 - 12:30:49 EST

  • Next message: Doug Ackley: "Re: 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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