|Policy:||IU Financial Aid Code of Conduct, USSS-16|
|Things to Know:||An excerpt from the Comprehensive Guide to Payments to Students document:|
"Fee Remission Definition: A fee remission is any award to a student, regardless of funding source, which provides funding restricted to pay only certain educational expenses assessed by IU. Fee remissions are applied to approved charges with specific payment rules.
All fee remissions for undergraduate and graduate students, regardless of types of remissions, must be processed through the SIS to comply with federal financial aid regulations (regardless of whether the student is receiving federal financial aid).
The Financial Aid Office is responsible for ensuring that fee remissions paid through the SIS mechanism called “Third Party Contracts” (TPCs) and the amounts paid are accurately reflected as part of an applicant’s total aid. The awarding department may be asked to indicate the amount they expect the TPC to pay, as an estimate, when the student is attached to the TPC so that amount can serve as a placeholder, around which other aid can be awarded."
See page 7 in the Comprehensive Guide to Payments to Students document for details on the characteristics and examples of fee remissions.
Please contact the Office of Student Financial Assistance (OSFA), email@example.com for questions.