Unclaimed Title IV Credit Balance
The Office of Financial Aid Services is notified by the Student Accounts Office that a Title IV Credit Balance refund check has not been cashed or has been returned to Lewis University. The Office of Financial Aid Services will return the funds no later than 240 days from the school issued date on the check. The Title IV refund will be returned to the Direct Loan programs first, Direct PLUS, Graduate PLUS, Direct Unsubsidized and Subsidized. The remaining return will be returned to Pell Grant and Federal SEOG
An unclaimed Title IV Credit Balance can be in the form of a Direct Deposit or a manual check. Lewis University will attempt to reissue the Title IV Credit Balance no later than 45 days from the date when the returned funds were received. If in additional attempts the Title IV credit balance is still rejected, the procedures above will be administered. Lewis University will not attempt to reissue the Title IV Credit Balance if 240 days have lapsed.
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