Every month, HESC’s “Question and Answer” Web feature includes an interesting question presented to the Office of Counsel and Regulatory Compliance staff. This month’s winning question is:


Can a school use current-year funds to satisfy prior award year changes?

A school may pay up to $200 of current-year funds to satisfy prior award year charges for tuition and fees, room, or board (and with permission) educationally related charges.

FSA funds may not be used to repay a student’s loan. Loan payments are not part of the cost of attendance for the period of enrollment.



Direct questions regarding this guidance to the Office of Counsel and Regulatory Compliance at 518-473-3986; or toll-free at 1-866-431-HESC (1-866-431-4372), press 6; or via email at askpolicy@hesc.org.