Prior-Year Debt Authorization

What is? Should I authorize my school? Is it free money? Do I have to pay back the $200?

What are you talking about? Where did this come from?

My awards from my college. To finalize my financial aid package.

My awards from my college. To finalize my financial aid package.

http://talk.qa.collegeconfidential.com/financial-aid-scholarships/1869330-title-iv-authorization-prior-year-debt-authorization.html

See @kelsmom’s reply in that thread.

As @kelsmom explained, it is just for small amounts. One time I paid my daughter’s tuition but she dropped a class. One of her scholarships paid by the credit, so when she dropped the class, she had ~$250 added back on to her master bill. I happened to check the bill and noticed it, so I paid it. If I hadn’t done that, that $250 owed might have caused her next bill to have some weird posting of charges and credit. Her bill had enough of those!

It’s sort of like overdraft protection.