Yale reserves the right to require that a returned check be replaced with a certified check, cashiers check or money order. The Financial Aid Office must authorize your financial aid before it is credited to your account. The student must endorse National Merit Scholarship checks before they are applied to the account. The Student Financial Services Office will notify recipients when the checks arrive so that they may endorse them. Usually, the checks are received by October 1 and February 1 for the fall and spring terms, respectively.
Some lenders require students to endorse their loan checks.
The Cashiering Department of Student Financial Services will notify you that your loan funds have arrived if you have to endorse the check. Academic charges such as tuition, room, board, library fines, late course change charges, and optional items such as telephone toll calls, parking fees, guest meals, and laundry all appear on the statement. Students charge the optional items through the Yale Charge Account Plan. Yale departments and offices, such as the Library, Registrar, Dining Services, Telecommunications, and Financial Aid put charges and credits on the account. Student Financial Services acts as a clearinghouse for these transactions.