<p>Can someone explain what these are? </p>
<p>We got a letter that needs signed so the FA package can be completed and Federal Funds cannot be disbursed until this is on file. It asks if we agree/or not to 3 items: Title IV funds can be used for expenses beyond Tuition, Room & Boards (fee, fines, other chargees), They can be applied to previous years minor charges, and Excess can hold over to future semesters.</p>
<p>These don't make sense to me, why would I want federal funds to pay for such things as fines? If I owe from last year and didn't get federal funds why should I be able to apply them either to a previous or future balance.</p>
<p>Can someone explain what this is and if it matters how these are answered?</p>