Additional Disbursement Information

Student and Parent Authorizations 

Disbursing Title IV Funds to Pay Prior Award Year Educationally-Related Institutional Charges Other than Tuition, Fees, and Contracted Room and Board 

Students are allowed to apply up to $200 in FSA funding to prior year charges. In accordance with this, NU will hold up to $200 in funding if the student has a prior period charge on their account at the time of disbursement. If the charges or for non-institutional charges, the student (or parent) must provide authorization. 

Title IV Credit Balances

It is the policy of National University (NU) to issue credit balances within 14 days as required by the Department of Education. In accordance with Department of Education policy, NU determined TIV credit balances based on the charges for the period in question minus any disbursements during the same period. When the disbursements exceed allowable charges, a credit balance is created. 

Students will be issued any credit balance owed for that course within 14 days of being posted to their student ledger. 

In practice, NU does not hold Credit Balances on student accounts. Credit balance payments are made to students within 14 days of the credit balance creation.