The financial aid listed on the billing statement is tentative. If the aid is adjusted or canceled, a mid-semester bill is sent, or the Installment Payment Plan (IPP) is adjusted accordingly. Payment may be deferred for approved financial aid only. Verification of approved financial aid is required. When a student makes a personal payment and then receives a late financial aid award, he/she is entitled to a refund of the overpayment. Students enrolled in an IPP at the time of the overpayment should contact the Office of the Bursar regarding adjustments to the IPP.
Students who have approved financial aid pending or a second Stafford loan disbursement outstanding and have received a mid-semester bill should notify the Office of the Bursar by the billing due date.
Anyone needing information regarding various types of financial aid available and eligibility requirements should contact theFinancial Aid Office.
The U. S. Department of Education awards funds to colleges and universities in the form of Federal Perkins loans for students whose family income is extremely limited. If you have been awarded a Federal Perkins loan and do not want this loan, please notify the Office of the Bursar by phone at (724)357-6461, by e-mail at firstname.lastname@example.org, or by sending written notification via the U.S. mail to: Office of the Bursar, Indiana University of Pennsylvania, 1090 South Drive, 119 Clark Hall, Indiana, PA 15705.
The Office of the Bursar is pleased to announce that the following forms can now be completed online:
If you are unable to complete this process online, all of the necessary paperwork can be obtained at the Office of the Bursar counter in Clark Hall.
However, online completion of the promissory greatly expedites the time necessary for completing the loan acceptance and disbursement process.
There is an interest rate of 5 percent repayable nine months after ceasing at least half-time enrollment, graduation (including associate degrees), transfer or dismissal from IUP, or not attending a semester. Any students who are included in the previously mentioned criteria are required to complete an exit interview given by the Office of the Bursar.
Students are required to inform the Office of the Bursar and the Registrar’s Office in writing of any changes to permanent home and/or mailing address and telephone number.
The approximate monthly payment for borrowers with a Federal Perkins loan prior to October 1, 1992, is $30. For those borrowers whose first disbursement was made on or after October 1, 1992, the approximate monthly payment is $40.
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