We have a scholarship program for dependents of employees. We increased the amount of per semester scholarship to $3,000. Several schools do not cost this much leaving the student a balance on their fee bill. I have had a request from a student for permission to withdraw the remainder to purchase supplies/computer etc. There seems to be several options of how to answer this question assuming we can legally distribute the remainder for supplies and equipment. How do y'all handle this?
Do you allow the balance to roll-over to the next semester?
Just say "No" to withdrawals?
Limit the withdrawal amount to a set dollar amount?
Require a letter asking for specifics?
Always allow withdrawals?
Lisa B. Williams