Anticipated Credits in Lieu of Payment

Students expecting aid from sources not controlled by the School will be allowed to defer one-half of the expected amount on their bill for each term if satisfactory documentation of the award has been received by the Financial Affairs Office. Students filing outside loan applications by July 15 will be allowed to defer one-half of the requested amount on their first bills. This deferment will expire on October 1^st or the date that the loan application is acted upon by the guarantee agency, whichever is first. To the extent that loan fees are deducted from loan disbursement checks, students using anticipated loan credits to pay their bill will note an increase in their Amount Due as a function of the School's non-receipt of the fee portion of the loan.