Title IV Refunds
A refundable Federal Student Aid (FSA) credit balance occurs only if the total amount of FSA program funds exceeds allowable charges. The order in which funds are credited to a student’s account does not determine which award creates the refundable FSA credit. Instead, Berkeley applies Title IV aid to direct charges (tuition, fees, and housing) in the following order:
- Federal Parent Loans for Graduate Students
- Federal Direct Stafford Loans
Federal Work Study is not directly applied to a student’s account.
Seven-Week Session Students
Any applicable federal and/or Berkeley College Institutional Aid (IA) will be disbursed in full, assuming students will attend all courses, including those in session B (which does not begin until the 8th week of the semester). If courses are not attended, IA may be reduced. In addition, if a course or courses are not attended the loan funds received may exceed charges. In such cases, Berkeley College strongly recommends that students repay such excess loan funds immediately to avoid incurring unnecessary debt.
Students who fail to start session B will be responsible for repayment of any refunds the College remits to them based on anticipated Session B attendance, which may result in a balance due.