Deduction of financial
a. Scholarship and grant money awarded to the
student are deducted from the student's account
after the Financial Aid Department has received
the signed Financial Aid Award Letter from the
student and validated the award to the Business
Office. Awards are made on an annual basis,
but are posted to each student's account (if
fully processed) at the beginning of each semester.
Loan money is posted to students' accounts once
the electronic funds transfer is received from
the lending institution or if by check form,
once the student or parent has endorsed it.
The North Carolina Need-Based Scholarship Program, North Carolina Contractual Scholarship
and Military Tuition Assistance (MTA) money
is not credited to student accounts until these
funds are received by the school.
b. Financial assistance awarded by agencies
or individuals other than Methodist University
is credited to the student's account after a
copy of such awards is provided to the Director
of Financial Aid, and the award is validated
to the Business Office.