Education
Scholarship Overpayment Refund to Agency
Returning excess scholarship funds to a government agency when a student withdraws mid-term.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Student Accounts Receivable / Cash | Asset (-) | - | 1,500.00 |
| Cash / Bank (Refund to Agency) | Asset (-) | 1,500.00 | - |
💡 Accountant's Note
When a sponsored student withdraws, the unearned portion of the scholarship must be returned. This mirrors the Title IV return logic — the institution keeps only what was earned.
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