DIRECT PLUS LOAN REFUND RELEASE FORM Please complete and return to CFCC Financial Aid Office Attn: Rachel Cavenaugh Student Information Name: __________________________________________________ SSN: ___________________________________________________ Borrower’s Information (Parent) Name: _________________________________________________ Address: _______________________________________________ City: ________________________________________________ State/Zip: ______________________________________________ Email: _________________________________________________ Phone: _________________________________________________ SSN: __________________________________________________ Academic Year 2009-2010 PLUS Loan funds in excess of student’s charges should be: ____ Refunded to Student ____ Refunded to Borrower (Parent) at above address _________________________________ __________________ Borrower’s Signature Date See Reverse for Important Information on the Use of PLUS Loan Funds to Cover Student Charges Authorization to Apply PLUS Loan Funds to ALL Charges I authorize CFCC to automatically apply my PLUS Loan funds to cover my dependent student’s current tuition and fees and other charges, such as books and supplies. I understand that my dependent student will be responsible for any charges incurred after PLUS Loan funds are distributed as instructed on the reverse. Student’s Name _____________________________________________ Student’s SSN/ID# ___________________________________________ Parent Borrower’s Signature ___________________________________ Date ____________________________________ Federal financial aid regulations govern how CFCC can apply financial aid to students’ accounts. Only “allowable charges,” defined in regulation as current tuition and mandatory fees and college-provided room and board charges, can be paid from financial aid funding. By completing the above authorization, you agree to allow CFCC to satisfy all outstanding charges on your dependent student’s account with PLUS Loan funds. You are not required to sign this authorization form; and if you do, you may cancel it at any time. The written cancellation request should be sent to Rachel Cavenaugh, Financial Aid Office. The U.S. Secretary of Education considers a signed authorization to remain in effect indefinitely unless you cancel it. Failure to sign this authorization will result in your dependent student’s not being able to charge books and supplies in the CFCC Bookstore against PLUS Loan funds. Cancellation of this authorization may result in unpaid charges on your dependent student’s account for which s/he will be solely responsible.