| Background Federal regulations regarding the use of Title IV financial aid funds awarded to students provide that an institution may directly credit Title IV awards to a student's account at the institution to satisfy current charges for tuition and fees. Additionally, students may authorize the college to apply any excess funds to satisfy other outstanding charges beyond tuition and fees (such as bookstore, daycare, etc.) for the current and prior award years, or to hold excess balances for future charges. Connecticut Community College policy requires students to pay or make payment arrangements in accordance with tuition and fee due dates as established by the college. In many instances, balances due for students receiving financial aid have been deferred based on the anticipated aid, however those balances become due and payable to the college immediately upon the disbursement of financial aid awards. In order to simplify and expedite the payment of outstanding balances to the college, it is recommended that students authorize the college to directly apply Title IV and other financial aid funds to other outstanding charges which the student owes the college for the current or prior years. Authorization I hereby authorize / do not authorize the College to apply or hold the proceeds of financial aid awards made to me, including Federal Title IV aid (Pell, SEOG, Perkins loan, Stafford loan, Parent PLUS loan), as well as any state, institutional or other grant or loan financial aid, as follows. This authorization shall remain in effect for the entire period during which I am enrolled at the institution, except that any of the following authorizations may be changed at any time by my completing and submitting a new form to the college Business Office.
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