MINIMUM PAYMENTS AND APPLICATION OF FINANCIAL AID TO FEES
Students with university loans, grants or scholarships need to understand how financial aid is applied to their accounts.
Reason for Policy/Purpose
This policy is required for the effective communication of university policy regarding minimum payments and application of financial aid fees.
Who Needs to Know This Policy
All students attending The University of Southern Mississippi.
Website Address for this Policy
The university requires that one-half of a student's total fees be paid in order to charge to their accounts. Students with university loans, grants or scholarships may use those funds as payment toward the first half of total fees. Loans, grants, scholarships and checks made payable to the university must be applied to fees in full before a refund or change can be given.
Financial Aid may be used to satisfy the minimum payment with the following
All Financial Aid must be applied to fees before a refund can be made.
The Bursar is responsible for the review of this policy every four years (or whenever circumstances require immediate review).
Amendments: Month, Day, Year – summary of changes
11/01/11: Formatted for Institutional Research website.
02/20/13: Formatted for template. Minor editing of punctuation and word usage throughout.