What are federal Title IV funds?
Title IV funds are federal student aid funds, which are from federal student aid programs administered by the U.S. Department of Education. The U.S. Department of Education regulations only allow schools to use your Federal Student Aid to pay for current academic year institutional charges, unless you have granted permission to apply these funds to non-allowable charges as well.
Title IV funds include:
- Direct Subsidized/Unsubsidized Loans
- Direct Graduate PLUS Loans
- Direct PLUS Loans
- Federal Pell Grants
- Federal Supplemental Educational Opportunity Grants (SEOGs)
- Federal Perkins Loans
Federal Title IV funds do not include scholarships from the University or other private organizations.
- Mandatory fees
- Room and Board, if contracted with the University
Non-Allowable charges include:
- Escrow breakage deposits
- Husky One Card charges
- Parking fines
- Health service/lab fees
- Library fines
- Late fees
- Health insurance
How are Title IV funds applied to my account?
The U.S. Department of Education requires that Title IV funds be applied to specific allowable charges. Allowable charges include: tuition, mandatory fees, and room and board billed by the University. If your total of Title IV funds exceeds the total of these qualifying charges, the University must refund that excess to you unless you give permission to do otherwise.
Does the authorization form need to be signed each year?
No. The authorization remains in effect while you are a student at UConn. It may be rescinded or changed by sending a written request to the Bursar’s Office.
What does the authorization say?
"I wish to authorize use of my Title IV financial aid funds to pay any and all charges within the academic year."
- If a student says “Yes” to this question, federal funds can be used to pay for other charges such as Husky One Card charges, lost library books, parking fines etc. If a student says “No,” a billing statement will be issued requesting payment for those other items. Please keep in mind that if you do not sign this statement, you, the student, will become liable for all charges not covered by financial aid.
Complete the Title IV Financial Aid Authorization.
What if I don't grant the authorizations?
- If you do not grant authorization, your federal financial aid and loans cannot be used to pay for charges other than tuition, fees, University housing and meal plans and any excess aid will be refunded to you. Therefore, you may receive a refund and may simultaneously be sent a bill for any charges that could not be paid with your Title IV aid. Receiving a refund does not indicate that there are no pending charges on your account.
Sample Account – Unauthorized to pay non institutional charges
|Term Charges||Amount||Date Posted|
|Pirg Fee Storrs||5.00||06/14/2014|
|Escrow Breakage Deposit||50.00||06/14/2014|
|Transit Fee Storrs||60.00||06/14/2014|
|Activity Fee UG Storrs||95.00||06/14/2014|
|Infrastructure Fee UG Storrs||234.00||06/14/2014|
|University Fee UG Storrs||957.00||06/14/2014|
|Ugrad IS Tuition Storrs UACES||4,929.00||06/14/2014|
|Biology Course Fee||10.00||06/17/2014|
|Late Fee Ugrad||50.00||08/08/2014|
|Total Term Charges||6,465|
|Credit Card Self-Service TN||-201.00||08/13/2014|
|Federal Pell Grant||-1940.00||08/18/2014|
|Fed DL Stafford Sub Ln 1||-2226.00||08/18/2014|
|Fed DL Stafford Unsub Ln 1||-990.00||08/18/2014|
|Federal Direct Parent PLUS Ln 1||-958.00||08/18/2014|
|Total Term Credits||-6,465|
Note: Even though a refund was issued for $100, this student would still owes $100.00 of non-institutional charges ($50 Escrow Breakage Deposit, and $50 Late Fee)
If this student had completed the Title IV Authorization, their federal funds would have paid the $100 in non-institutional charges, and there would not have been a refund issued.
What If I change my mind?
- These authorizations are voluntary and will remain in effect for the duration of your UConn education. If you wish to rescind the authorization you may do so at any time by notifying Bursar’s Office in writing .