Credit Balance Authorization Form

Credit Balance Authorization Form

Every semester, all students are required to fill out the Credit Balance Authorization Form, regardless if they are receiving financial aid or not.  For returning students, this form will be sent prior to the start of the new semester.  For new students, the form will be sent the same day that they receive their welcome email.  The CBA comes from the Registrar via DocuSign.  

The Higher Education Act states any Federal Student Aid (FSA) awarded to a student in excess of educational charges must be refunded to the student or parent if a PLUS loan is posted no later than fourteen (14) days of the crediting of such funds to the student’s account. A student or parent may voluntarily authorize the institution to hold such credit balance for future charges, or return the credit balance to reduce loan indebtedness.

An FSA credit balance is created when the total of all FSA funds (Federal Grants and Federal Loans) credited to a student’s account exceeds the total of tuition, fees, and other eligible educational charges on a student’s account.