Should a credit be generated by Title IV funds and other financial aid, students or parents may complete the authorization for disposition of financial aid funds form to authorize how the credit should be processed. Students may request the credit issued as a refund check or retained as a credit on their account. Parents with a Direct PLUS Loan may request a credit resulting from that loan to be issued as a refund check to the student or to the parent directly.
Federal Title IV funds include Pell and Supplemental Educational Opportunity grants and student and parent federal loans. This is a one-time authorization and is valid for subsequent award years. The form is available through MySCAD, and conditions may be modified by submitting an updated form to the student accounts office.