1904 - Deferments

Issuance of Temporary Credit

• Temporary credit may be issued to students awaiting receipt of external loans, financial aid, other funds from external sources, and faculty/staff benefits.

Authority and Administration

• The Office of Student Registration & Financial Services (SRFS) is authorized to grant and administer temporary credit for student charges.
• When an award is determined but the student has outstanding requirements, a memo in the amount of the award will be placed on the student account.
• When an award is determined and all requirements have been met, but disbursement is scheduled for a later date, an authorization is placed on the student account.
• Both memos and authorizations reduce the outstanding balance due and are reflected on the student’s monthly billing statement.

Limitations on Credit Amounts

• Temporary credit granted to students awaiting financial assistance may not exceed the amount of the expected funding.

Expiration of Temporary Credit

• Temporary credit will expire according to a schedule determined by SRFS.

Special Circumstances

• Schools and centers may request that SRFS apply temporary credit for pending financial resources in special circumstances.
• Such requests must be reviewed and approved by SRFS prior to application of the temporary credit.