The Department of Education has implemented federal regulations that authorize this University to administer Title IV financial aid funds. Title IV funds are financial aid you may receive in your financial aid package from the University and include:
- Federal Education Loan Program
- Stafford Loan Program-Subsidized and Unsubsidized
- Federal Work Study Program
Federal regulations stipulate that Title IV financial aid funds cannot be applied to your student account until ten (10) days prior to the first day of classes. Federal regulations further require that the University apply your Title IV financial aid funds to ‘allowable charges’, which are tuition, mandatory fees, and room and board charges contracted with the University. The University also allows many departments to assess charges to your student account in order to consolidate billing. Some of these charges might include Parking Permit fees, Health Center charges, Escrow Breakage Charge and other miscellaneous charges. Federal regulations require the University to obtain your authorization to apply your Title IV financial aid to all charges appearing on your student account.
Your permission to authorize financial aid to pay for these charges will expedite the settlement of your student account. If authorization is not received prior to the settlement due date, the Title IV financial aid funds will not be applied to all charges. This may result in an outstanding balance on your student account and cause late charges to be assessed.
You are not required to give authorization but if so; once the authorization is signed, the Secretary of Education considers the initial authorization to continue to be valid for future years. You may cancel the authorization at any time by submitting your request in writing to the UConn Bursar’s Office. The cancellation is not retroactive and will take effect on the date that we receive it from you.
You can create this Title IV Financial Aid Waiver by logging into your Student Administration account. In the Student Center, scroll down to the Finances section and select Create Student Permissions.