Approved financial aid is used to reduce the outstandingbalance on a student’s account. The entry will appear as“Anticipated Aid” on the monthly billing statement and will reduce the current term balance due. On MyView the Anticipated Aid summary includes aid for all semesters for the financial aid award year. The balance remaining after application of the anticipated aid will be billed to the student and will be subject to the minimum payment process and finance charge calculation.
Total Charges - Anticipated Aid = Net Charges
Net Charges X Minimum Percentage Due = Min. Payment Due
The student must apply for financial aid in a timely manner. Late applications will result in finance charges and late payment fees being assessed. Financial aid is not considered disbursed and eligible for the refund calculation until it appears in the Current Payments/Credits column of the monthly billing statement.