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Post -Withdrawal Disbursement <br />Occasionally, a student who withdraws from Pacific College is entitled to a Post -Withdrawal <br />Disbursement (PWD). A post -withdrawal disbursement occurs when the R2T4 calculation determines <br />that a student is eligible to Title IV funds even though the student has completely withdrawn or stopped <br />attending the program. If a student withdraws and is eligible to a post -withdrawal disbursement of a <br />Direct Subsidized or Unsubsidized loan(s) or a parent is entitled to a post -withdrawal disbursement of a <br />Parent Loan for Undergraduate Students (PLUS). A PWD disbursement notice is mailed to the student <br />informing them of their eligibility for the loan funds. It is the student's right/responsibility to notify <br />Pacific College within 30 days of the date of the letter. A student choosing to accept the PWD must <br />indicate so on the PWD form and return the form to the Financial Aid Office. <br />Credit Balance Policy <br />Pacific College's Credit Balance policy addresses the treatment of crediting Title IV funds and how the <br />College handles those balances as they occur. Whenever aid funds are credited to a student's account and <br />those funds exceed the student's allowable charges for the payment period, students may use the <br />"Student Cash Management Authorization Statement (SCMAS)" to authorize Pacific College to hold a <br />credit balance on their account until the end of the payment period. Credit balances must be issued to the <br />student within 14 calendar days from the date a credit balance is created if the student declines or does <br />not complete a SCMAS form. <br />28 2022-2023 Catalog Pacific College <br />