Financial Aid Authorization - FOR STUDENTs

According to federal regulations, federal student aid will be applied directly to your outstanding university charges (tuition, fees, room, board and other eligible educational charges on the student's account) and in some cases you may be eligible to receive a credit balance.  A credit balance is created when the total federal student aid credited to your account exceeds the total amount of tuition, fees, room, board, and other eligible educational charges.

By answering the questions in Banner Web, you will or will not authorize SCSU to manage the federal student aid on your student account.

1. You can use the credit balance to pay prior term charges up to $200 (fall, spring, etc.)
2. You can use the credit balance to pay current term non-institutional charges, transcripts and graduation fees, and other miscellaneous fees and fines that you may incur.
3. You can have SCSU hold the credit balance to pay for a future term within the academic year (winter session and spring break).  The hold will expire in late Spring and any remaining credit balance will be mailed to the permanent address or deposited into your bank account.

If you do not authorize SCSU to hold the credit balance, the university must refund the credit balance within 14 days from the disbursement date.

You have the right to rescind the authorization at any time by logging into Banner Web and modifying your response(s) to the Title IV authorization questions.  Note that if you elect not to give autorization to SCSU or if you later cancel the authorization, you will be required to pay any outstanding charges owed to the university.

If you withdraw your authorization, SCSU will refund any remaining credit balance to you within 14 days. (Note that your cancellation is not retroactive.)

The questions you must answer in Banner Web account are as follows:

Prior Term Charges Authorization:  If you have any excess financial aid, do you authorize the university to hold up to $200 for a previous semester balance within the academic year? (Authorize or Do Not Authorize)

 

Current Term Charges Authorization:  Do you want to use your excess financial aid to transfer funds to your Hoot Loot card to purchase books, and to use for other charges such as parking fines, prescriptions, health insurance, etc? (Authorize or Do Not Authorize)

 

Credit Balance Hold Authorization:  Do you authorize the university to hold any excess financial aid for future term charges (winter session, spring break, etc.)? (Authorize or Do Not Authorize)

Please follow these instructions:

1.      Go to www.southernct.edu

2.      Click on MYSCSU

3.      Login by typing your username and password

4.      Click on Banner Web (link on the right hand side)

5.      Click on Financial Aid

6.      Click on Award

7.      Click on Award for Aid Year

8.      Select Aid Year and then click submit

9.      Click on Resource/Additional Information tab

10.  Select Authorize or Do Not Authorize

11.  Click on Submit the Information

 

PLEASE NOTE: If you did not receive an award notification you will not be able to complete the financial aid authorization.