A Title IV credit is the difference between the allowable tuition and fees (tuition and fees that
are calculated in the student’s budget including housing and dining charges) against all of the
federal aid that is received for the award period (term) in question. If the difference results in a
credit then it is considered a Title IV credit.
Funds under the Title IV program include: the Federal Pell Grant, Federal Supplemental
Educational Opportunity Grant (FSEOG), Academic Competitiveness Grant (ACG), National
Science and Mathematics Access to Retain Talent (SMART) Grant, Federal Perkins Loan, Federal
Direct Loan, Federal Direct Parent PLUS loan, and the Federal Direct Graduate PLUS loan.
A Title IV authorization allows American University to apply a student’s excess Title IV funds to
non-institutional charges such as parking permits and health center fees. The parent must
authorize the application of these funds to non-institutional charges.
Furthermore, this authorization allows American University to retain the Title IV credit balance
and apply the credit to outstanding charges within the same award year. Should a Title IV credit
balance still exist at the end of the award year, the amount, to the extent of the Title IV credit,
will be refunded directly to the student. Unless the credit balance is the result of a Federal Direct
Parent PLUS loan(s), then it is refunded to the parent borrower (unless the borrower has authorized
the credit to be refunded to the student).
Student Name: ____________________________ ID Number: _______________
I authorize American University to retain any excess Title IV funds on the student account listed
above to pay for charges incurred in the academic year in which the credit balance occurred. (Note:
If a Title IV credit balance still exists at the end of the academic year, it will automatically be
refunded)
I agree I disagree with the above statement.
By signing below I understand this authorization to apply Title IV funds, to retain Title IV credit
balances on my account is voluntary, and that this authorization remains in effect for the duration
of my American University education. I further understand that I can change or rescind these
authorizations by contacting the Office of Student Accounts in writing.
Parent Signature: _________________________ Date: _________________
Office:
|Date Received: ________ ||PERC: _________ ||Date: __________
For more information please contact:
AU Central at (202) 885 - 8000
Email: aucentral@american.edu
Web: http://www.american.edu/aucentral/
PARENT- TITLE IV CREDIT
AUTHORIZATION FORM
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