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Credit Note Information & Downloads
 

CREDIT NOTE INFORMATION 

     What is a credit note? 

A credit note is an option made available to a student who has not completed her/his financial assistance file early enough to have funds available by the payment due date.  

     Why would I want to sign a credit note? 

If you do not have the funds to pay your bill by the payment due date, the credit note will allow you to deduct the amount of student Stafford loan that you qualify for from the balance owed the university. 

     Why wouldn’t I want to sign a credit note? 

There is a non-refundable $50 charge added to the balance that you owe the university. If you can pay your balance and wait for your file to be complete and funds awarded then you will save yourself $50. 

How much credit can I typically expect to have available to apply toward my balance?

 
Freshman (0-21 hours) -- $2750                           Sophomore (22-53 hours) -- $3250                               Junior/Senior (54 or more hours) -- $3750 

What if I need additional funds? 

Read and complete the 'PLUS  Info & Application'.  Click here to view 2009-10 Tuition & Fees.
 

IMPORTANT information for new freshmen and transfer students: 

If you are a new freshman or transfer student, go online immediately to complete loan entrance counseling AND to select a lender. These are federal requirements that must be met before our office can key credit in the system for you. Our office will be notified via email that you have completed these requirements. 

      What forms do I need to provide to be able to sign a credit note? 

-         Proof that you have completed the Free Application for Federal Student Aid the  (ex. copy of the FAFSA, copy  of the signature page that you mailed, etc.)
-      Signed copy of the 2008 federal tax returns that you used to complete the FAFSA
-     Dependent Verification form --you will need to complete a dependent verification form unless you are at least  24 yrs old, married, or an orphan.  If you are 24 years or older, married, or an orphan, you can download an Independent Verification form by going to our FA website at www.fmarion.edu and click 'download office forms and publications'.
-     IAPP
-    Signed credit note
-    Any additional requested information
 

 

Last Published: November 20, 2009 4:25 PM
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