Title IV Statement Agreement
This agreement is to be completed when logging on to your IOnline account for the first time.
Title IV Aid at the MGH Institute of Health Professions is all financial aid funded by the federal government including Subsidized Direct/Stafford Loans, Unsubsidized Direct/Stafford Loans, Graduate PLUS loans, and Parent PLUS loans.
Title IV aid can only be used to pay for mandatory institutional charges only, such as tuition and fees, unless written authorization is obtained by the student.
By accepting this agreement, you permit the Institute to use any excess Title IV aid to pay non-institutional charges that may be assessed on your student account such as health insurance, tuition insurance, returned check fee, etc. Any remaining credit balance will be refunded to you unless you have authorized the Institute to hold the funds for the next semester in your loan period.
If you decline and do not authorize the Institute to pay your non-institutional charges with Title IV Aid, you will be responsible for paying these costs directly out of pocket. Any credit balance resulting from Title IV Aid for which you are entitled will be refunded directly to you. Note this may create a balance on your account for your non-institutional charges and you will be responsible for these charges.
By accepting this agreement, you authorize the MGH Institute of Health Professions to apply the excess funds to pay these non-institutional charges that may be assessed to my student account. I will be refunded any excess funds after these charges are allowed.