Using Your Financial Aid Funds at the Bookstore: Book Vouchers & Title IV Authorization
If you are awarded, and accept financial aid that is in an amount greater than your tuition charges, then you may be eligible for a voucher to charge your textbooks and supplies to your excess financial aid at the university bookstore prior to your financial aid disbursement each semester.
To be eligible for a bookstore voucher you must meet the following criteria:
- You must have an accepted financial aid award for the semester.
- You must have accepted or been awarded enough financial aid to cover the cost of your tuition AND books.
- You must have completed Entrance Counseling and Master Promissory Note (MPN) if your accepted financial aid award includes student loans.
- You must be registered at least half-time (6 credits) in courses pertaining to your degree program in the semester you are purchasing textbooks.
- You must authorize Wilmington University to use your excess financial aid funds toward bookstore charges each year by either your signature on your bookstore receipt or answering “yes” to the Title IV Authorization question in your Financial Aid Requirements (2017-18 and forward).
bookstore vouchers are only valid for a specific time period each semester
Electronic bookstore vouchers become available for use two-weeks before the start of classes each semester.
Bookstore vouchers do not renew for the second block of a semester (B2), so if you are registered for a B1 and a B2 class, you will need to purchase all of your books for the semester at the beginning of the semester while your bookstore voucher is active.
Prior to charging books at the bookstore please read the following statement:
Your signature on the bookstore receipt will indicate that you READ, UNDERSTAND AND AGREE TO THE CONDITIONS DETAILED BELOW.
If you are eligible for financial aid in excess of tuition and fees, you may use such funds to pay for other educationally-related charges, such as books and supplies. In addition, you may authorize Wilmington University to use excess aid funds to pay a prior year past-due balance (not to exceed $200) current year tuition/fees, book charges and other charges you may incur. Please be aware that if you do not grant Wilmington University such authorization, you are responsible for paying for all books, supplies, and other charges incurred.
By signing the bookstore receipt, I understand the following:
- This authorization is valid for funds in excess of tuition and fees, based on financial aid eligibility and enrollment status.
- I may rescind this authorization at any time prior to incurring any educationally-related charges.
- I may not cancel this authorization after any such charges have been made.
- My request to rescind/change this authorization must be in writing.
Consequence of my withdrawing from all classes during an enrollment period:
A student who receives federal financial aid assistance (Pell Grant, AC Grant, SMART Grant, FSEOG, Work-study, Subsidized and/or Unsubsidized Stafford loans, Parent PLUS loan, Graduate PLUS Loan) to pay for his/her college education has the responsibility to attend all classes until the end of the term. For all students who do NOT complete all classes in the term for any reason, federal regulations require that Student Financial Services perform a “Return of Title IV Funds” calculation. Funds that the student was not eligible to retain are referred to as “unearned funds.” The student will be responsible for paying Wilmington University any charges that exceed the amount of financial aid earned and that must be returned to the government and/or lender.