Prior Year Charges

Prior Year Charges

Federal student financial aid can only cover institutional charges for the current academic year, as defined by the U.S. Department of Education.? However, students who receive Federal Financial Aid, but are allowed to enroll for a semester while still owing institutional charges (i.e. tuition, fees, books, room/board) to Colby Community College may have up to $200 from current year financial awards (Pell and/or loans) applied to a prior year balance without authorization from the student. As per the CCC Financial Agreement and pursuant to other CCC policies, students should seek to have a zero balance on all prior semesters.

This is in accordance with the U.S. Department of Education 34 CFR 668.164(c)(4) and 668.164(c)(3).

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[Added January 2022]