Return of Federal Funds
In compliance with new federal regulations, students will only have a 30 day period in which to request the school to return their student loan funds to the lender. The 30 day window begins with the date of the tuition statement and ends with the first day of the actual payment period.
The student and/or parent must submit a written request to the school in order for the school to return funds during this 30 day period.
Once the term begins, the school will not be responsible for returning loan funds on behalf of the student to the lender. It will be the student's responsibility to return any loan funds they no longer need. The College will no longer void refund checks to be returned to the lender after the start of each term.
This change in procedure will take effect for all programs beginning 1/5/09. Please take a moment to review your award letter and decide on if you would like to reduce your spring 2009 loan disbursement. If you choose to reduce your spring loan, please provide a written letter to financial aid office including the following:
Your name
Loan to be reduced
Amount of reduction
Semester of reduction
Date
Signature
Reduction letters must be faxed to 510.869.1529 and must be submit to the financial aid office ASAP.
The financial aid office is available to answer questions. Please feel free to send me an e-mail if you should have any questions or concerns.
Federal Financial Aid Programs
Samuel Merritt University remains committed to providing financial aid options for our students. The college is confident students can secure the necessary funds to complete their educational goals. Please find some links below that address the current issues in financail aid.
Free Application For Federal Student Aid
Cal Grant
Students can now manage Cal Grant account(s) online and view updates, make school changes, make address changes and post leave of absence requests. To view your Cal Grant status you can click here.
New Visa Prepaid Cards
Samuel Merritt University is proud to provide a Visa prepaid card to students-allowing you to receive your financial aid, tuition, or any school-related refunds quickly and hassle-free. For more information on the card, please click here.