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Application of Aid to Account
Financial aid is shown as a credit on the
preterm bill. When the proper documentation for each award is
received, funds will be applied directly to the students account. If
you are a financial aid recipient and your bill does not reflect
anticipated aid, please review OPUS for the status of your financial
aid file. (Financial aid funds disbursed by co payable check require
the students endorsement prior to being credited to the student
account.
All Title IV recipients must authorize Emory University to apply their
Federal funds (in excess of tuition, fees, and contracted room and
board) to any other charges incurred on their student account,
including minor previous balances.
All recipients have the right to rescind this authorization at any
time by contacting Student Financial Services. This may affect the
amount of credit balance refunded to the student.
Direct Deposit of Refunds
Students who have financial aid in excess of charges will have a
refund processed after their financial aid has disbursed. In an
effort to meet University sustainability goals and increase
efficiency, Student Financial Services has transitioned its refund
policy to Direct Deposit only. This refund delivery method will be
effective Fall 2011. Please sign into OPUS today and select
the Direct Deposit Setup link under My Account. This one-time setup
will allow any eligible financial aid refunds to be deposited
directly into a savings or checking account of your choice.
Failure to complete this setup may result in a check processing fee
beginning Fall 2011.
Refunding Proceeds of Bank Wires to Student Accounts
Although wire transfers are an accepted and effective way to pay
balances on a student account, Emory Student Financial Services
strongly discourages students from sending wire transfers in amounts
that exceed their charges and/or total cost of attendance. Credit
balances created by these transfers will be refunded only under the
following conditions.
Credit Balances created by wire transfers can be refunded to the
student up to an amount equal to one term of the Cost of Attendance
for the school in which the student is enrolled. The remaining credit
will be posted to the next term of enrollment as a future credit.
The Cost of Attendance is determined by the Financial Aid Office. The
calculation of eligible refund amount is based on one term of that
cost. An example of the yearly Cost of Attendance for Emory College
is available on this website.
Click here for more info...
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