Re: Recipient of credit balances

From: cathy foland (cfoland@siue.edu)
Date: Wed May 07 2003 - 18:06:17 EDT

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    Our PLUS loans pay charges first, thereby minimizing the number of credit
    balances comprised of PLUS loan funds. The parent indicates on the application
    whether they want any PLUS loan refunds to be disbursed to the student or to
    the parent and we make the check payable according to their preference.

    I hope that helps.
    Cathy

    Sue Spies wrote:

    > We are reviewing our policies for refunding credit balances. We are a
    > private university with fairly high costs. Credit balances usually arise
    > from a combination of student loans, pay plans, PLUS loans, cash.
    >
    > What are similar schools doing regarding who gets credit balances? For
    > example, should a student get the funds if the credit is a result of a PLUS
    > loan or a combination of a PLUS loan and Stafford loan? Would anyone be
    > willing to share your policy?
    >
    > Thanks
    > Sue
    >
    > Susan Spies
    > Bursar
    > University of Hartford
    > <mailto:spies@hartford.edu>spies@hartford.edu
    > (860)768-5206 

    --
Cathy Foland
Associate Bursar
Office of the Bursar
Southern Illinois University Edwardsville
Phone:  (618) 650-3131
Fax:  (618) 650-2971
Email:  cfoland@siue.edu

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