Office of Student Aid : Parents of Students : Parent Newsletter

Penn State Office of Student Aid Parent Newsletter

Volume 5, Issue 4--August 2007

Hello, and welcome to the online Office of Student Aid Parent Newsletter! If you would like to subscribe, we can send a free monthly copy of the newsletter directly to your e-mail account.

Welcome
Within these pages, we will inform you about pressing issues and provide you with general information and updates related to financial aid.

Receiving a Refund
A credit occurs on a student's account when payments or student financial aid exceed the semester charges. A credit can also occur based on an adjustment to a student's charges. The Bursar's office will issue a refund for the credit, and the fastest way for students to receive their refunds is by opting for Rapid Refund.

Student Loan Decreases
Students sometimes decide to cancel or decrease their Federal Stafford, Federal Perkins, or University Loans. They can easily accomplish this by selecting the Loan Decrease option from the "Students" menu on eLion.

Student Credit Cards
College students are inundated with offers from credit card companies. They offer gifts for applying, low introductory interest rates, and pre-approved credit limits. College students are definitely courted by the lending industry, and the allure of "buy now--pay later" could tempt even the most financially prudent undergraduate.

Bill Payment Options
The fall eBill notices are rolling and tuition bill payments are due beginning on August 10, 2007. A number of options are available for making your student's payment including the eCheck option, which is available on eLion.

The Parent Newsletter is published monthly by Penn State's Office of Student Aid (314 Shields Building, University Park, PA 16802). If you have questions, suggestions, story ideas, or comments, please contact us online.

This publication is available in alternative media on request. Penn State is committed to affirmative action, equal opportunity, and the diversity of its workforce. U.Ed. EMA 08-10xx.