Examples of Credit Balance in a sentence
This can be accessed by clicking Manage Booking tab then Credit Balance and Agency Credit Line link.
CREDIT BALANCEIf your financial aid award exceeds your direct costs at the school (tuition, etc.), you will receive a Credit Balance refund.i. Refunds begin to be issued within 14 days after the disbursement date.ii.
BSMCON is authorized to retain up to $200 of a Title IV Credit Balance without a Title IV Credit Balance Authorization Form in order to satisfy an outstanding Student Account balance in a prior semester within the Academic Year.
A Title IV Credit Balance is created when the amount of Title IV Financial Aid disbursed to a Student Account exceeds charges for Tuition and Fees (or other allowable charges) during a specific Semester.
In accordance with Title IV Regulations, Financial Refunds that result from a Title IV Credit Balance are processed within fourteen (14) calendar days from the date that the Title IV Credit Balance was created (i.e. the date that the Title IV Financial Aid was disbursed to the Student Account and applied to posted charges).