Student Accounts

Title IV Financial Aid Authorization FAQ

1. Am I going to have to answer this every time I log in to self service?
No, once you have responded, you will not have to answer again while you are a student GVSU.

2. I don't have any financial aid why do I have to answer this?
All students are being asked to accept or decline. If at some point in the future you do receive Title IV financial aid, this authorization will already have been given.

3. What is Title IV financial aid?
Title IV financial aid is federally funded aid such as Federal Pell Grant, Federal Supplemental Educational Opportunity Grant (SEOG), Federal Perkins Loan, Federal Subsidized and Unsubsidized Direct Loans.

4. I want to change my response. How do I do that?
Students may change their Title IV authorization from decline to accept by phone, email or letter to the Student Accounts Office or the Financial Aid Office.

Student Accounts Office
1049 James H. Zumberge Hall (1049 JHZ)
Allendale, MI 49401-9403
616.331.2209
Financial Aid Office
100 Student Services Building
Allendale, MI 49401
616.331.3234

5. What type of charges will my Title IV financial aid pay, if I accept or decline question #1.
If you accept, all charges on your student account for the current semester are available to be paid by these funds. If you decline, then Title IV aid will only pay current tuition, related fees, room and board (if contracted with the GVSU). Other current semester charges such as library fines, book store purchases and health center fees will remain unpaid which could result in having your classes dropped even if you have a credit balance on your account after authorized charges have been paid.

6. What type of charges will my Title IV financial aid pay, if I accept or decline question #2?
If you accept and allow Grand Valley to apply Title IV financial aid to previous year institutional charges, then all charges on your student account for the previous, as well as the current semester, are available to be paid by Title IV funds. Beginning July 1, 2008, the amount of Title IV financial aid that can be used to pay prior academic year charges is limited to a total of not more than $200. If you decline, Title IV aid will only pay current academic year charges. Even if you have a balance on your account after your current year charges are paid, you will have to pay any previous academic year charges with other funds or risk having your current classes dropped.

7. What if I have more questions before completing this Authorization?
You may contact either the Student Accounts Office or the Financial Aid Office.

Student Accounts Office
1049 James H. Zumberge Hall (1049 JHZ)
Allendale, MI 49401-9403
616.331.2209
Financial Aid Office
100 Student Services Building
Allendale, MI 49401
616.331.3234

 

Page last modified June 4, 2014