Overpayment and/or Return to Title IV | Financial Aid Office
Financial Aid

Overpayment and/or Return to Title IV

 

How Can I Pay Back An Overpayment Or R2T4?

If you have received a letter stating that you need to repay some of the financial aid award (Pell Grant) that you have received for your enrollment but later dropped, you will need to submit the payment with the letter to the IVC Bursar's Office in person or send by mail within 45 days from the date of the letter to the following address:

Irvine Valley College
Bursar's Office
5500 Irvine Center Drive
Irvine, CA 92618

Acceptable methods of payment are cash, money order or cashier's check. Upon receipt of payment, your student hold will be removed but please allow up to 4 weeks for processing before you are eligible to receive financial aid for a subsequent semester or to be paid at another school for the current semester.

What Are The Acceptable Methods Of Payment?

Acceptable methods of payment are cash, money order or cashier's check..

How Long Does The Process Take To Clear My Account?

Upon receipt of payment, your student hold will be removed but it will take up to 4 weeks for processing before you are eligible to receive financial aid for a subsequent semester.

Why Wasn't I Notified Earlier That I Owe Something?

If you are still enrolled in at least 1 class, an enrollment update will run prior to the second disbursement and an adjustment to the students’ awards will be made at that time, at which the Financial Aid Office will notify students whether they owe anything and a letter will be sent out then.

If you completely withdraw, calculations will be performed within 45 days from the date of complete withdrawal and a letter is sent to students to notify them if they owe anything – read more about our Return of Title IV Funds policy.

Please check your mail at home or verify that we have your updated mailing address on file.

I Don't Have The Money To Pay Back The Overpayment Or R2T4. What Are The Consequences Of Not Repaying The Amount Owed?

If your payment is not received:

  • Your overpayment will be reported to the National Student Loan Data System (NSLDS). Until the overpayment has been resolved, you will no longer be eligible for Title IV student financial aid (at any school).
  • Your student account will also have a hold which will prevent you from registering for classes.