Payment and Your Student Account: Delinquent Accounts and Credit Balances
Students with outstanding balances are not allowed to register and will not be permitted to obtain either official transcripts of their academic records or a diploma until all financial obligations have been met. In addition, some services on campus may be suspended, such as check outs from media center, libraries and access to shops. Delinquent accounts may be listed with a credit bureau and may be referred to a collection agency.
From Non-Cash Payments—Credit balances from non-cash payments are processed regularly each week for students who are eligible.To receive an advance or refund, which will be deposited in your bank account, you must enroll in eRefund through SAIC Self-Service by clicking on the CASHNet link and providing information on the your bank account of choice.
Federal Direct PLUS Refunds—Credit balances resulting from a Federal Direct Parent PLUS must be processed by a paper check made payable to the parent borrower unless they have provided written permission for the student to have the Federal Direct PLUS loan refund. Parents may give authorization for the student to receive the credit balance when they request a Federal Direct PLUS at StudentLoans.gov. Parents may also send written permission by email to firstname.lastname@example.org, however, it must come from the parent's email address as listed on the Federal Direct PLUS Request or on the Federal Direct PLUS MPN (Master Promissory Note).
From CASH Payments—Credit balances resulting from cash payments (wire transfers, personal checks, money orders, cashier's checks, etc) are held on the student account from semester to semester until the end of each year unless requested by the student in writing from their SAIC email address to email@example.com or they are no longer enrolled. At the end of the year, after the add-drop session of the spring semester is completed, all credit balances remaining on a student's account will be automatically refunded in order to close out the end of the SAIC fiscal year.