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Frequently Asked Questions

Why did I receive a refund of financial aid when I still have an account balance?

Indiana State University : Bursar Operations : FAQs
While we understand that this may be an inconvenience, we are required by federal regulation to limit the application of certain types of aid to specific charges.
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Why does a Financial Aid Refund Payment payment show as a charge on my account?

UNO | Cashiering/Student Accounts | FAQ
Financial Aid Refund Payment are positioned in the 'Charges' column of the billing statement indicating that the issuance of that refund payment is a debit which offset the credit balance on the account that triggered the refund. The 'Charges' column is really a 'Debit' column.
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When will I receive my financial aid refund?

IUS Bursar: FAQ's
Due to federal regulations, financial aid can be sent out beginning 10 days before school starts.  For the Fall semester, this date will be August 17, 2007.  For the Summer 2007 this date will be Monday April 30, 2007. If you are receiving a check through the mail, estimate a week and a half to 2 weeks for the check to reach you.  If your refund has not been requested, you may still sign up for direct deposit online.
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I have financial aid. Why do I have a balance on my account?

Student Accounts - University of La Verne
Financial aid may not fully cover your charges. Financial aid disbursement may not have taken place. You may not have completed all the required paperwork for some types of Financial Aid awards.
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How do I get my Financial Aid refund?

Information Center FAQ
Financial aid refund checks are mailed to the home address that is listed on your TCC student record. If you move, please be sure to update your mailing address.
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When and how do I receive a financial aid refund check?

FAQ-Students
bull; You're enrolled in the correct number of credit hours at the time the refund check is to be written. bull; There is financial aid money left after your tuition, fees, books, and any other Parkland charges are paid. If all of the above is complete by Wednesday, your refund check will be mailed on Friday of that same week. If it's complete by Thursday or Friday, it will be mailed out Friday of the following week.
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MTSU Parents Association
All students who will receive a financial aid credit balance need to do one of the following two things while at CUSTOMS Sign up for direct deposit to their personal bank account (form with instrucitons will be included in CUSTOMS packet.) The bank account may be a joint account, but the student's name must be on the account. Come by the Business Office, Cope 103, and receive an MTSU eCash PayCard.
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Cornish College of the Arts: Financial Aid: Frequently Asked...
You should be prepared to pay for your initial expenses at Cornish College of the Arts. Disbursement of funds begins after the first day of classes and after verification of enrollment. It is important to provide required financial aid documents by the deadline, or no later than two weeks after a request has been made to help ensure a timely disbursement of financial aid funds to the Student Account office.
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Will I receive a refund from my financial aid?

business office faq
As financial aid is credited to your account, any charges on your Blinn account are paid first. Refunds are disbursed through EFT's or checks beginning after the 12th class day (4th class day in the summer semesters). Refunds are then processed weekly. Check your financial aid on BORIS by clicking on the "Financial Aid" tab on the Welcome page.
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I noticed my financial aid or my refund was posted to my account, when will I receive my refund?

Financial Aid Frequently Asked Questions
Please allow 2-5 business days after it has been posted to your ePortal account, to receive your refund.
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I applied for financial aid--why did I receive a bill?

FAQs - Students
If your NCC financial aid application was received after the March 31 deadline, the aid may not be processed by the tuition due date. If you do not receive an NCC award letter by the tuition due date, then we recommend you enroll in the tuition payment plan. The plan will be adjusted after the award is received and any credit balance will be refunded to you. Your financial aid may not cover the bill in full.
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If I have Financial Aid for next semester can I roll my balance over to the next semester?

UNO | Cashiering/Student Accounts | FAQ
This is not recommended. A balance rollover to future semesters will not begin until shortly before the new semester begins. All late payment fees will be assessed to your account and will be included in the balance to rollover. Late payment fees can be as much as $200.00. In addition, there are several qualifications that you must meet in order to be eligible for a balance rollover.
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How many undergraduates receive financial aid?

Frequently asked questions about MIT's Pell Matching Grants ...
Approximately 92 percent of undergraduates receive need-based aid, merit-based aid, or both in the form of grants, loans and work. MIT offers no merit-based aid; its students receive merit-based aid from other sources.
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How will I receive my financial aid?

Loyola University Chicago- FAQs
When a student enrolls at Loyola, a university account is created by the Office of the Bursar. A monthly statement of the account is issued listing: university charges including tuition, fees, and on-campus room and board; credits applied from financial aid; cash payments and any balance due. All financial aid awards (except Federal Work-Study) are applied to the university account.
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Frequently Asked Questions
To be eligible to receive need based financial aid, certain requirements must be met. In general, all U.S. Citizens and eligible non-citizens who are enrolled in an approved degree or certificate program are eligible to receive financial assistance. Refer to the Eligibility Requirements section, the CCA Financial Aid Handbook, or the student eligibility criteria listed on the front of the FAFSA.
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How am I notified about the financial aid I will receive?

Frequently Asked Questions
You will receive a Financial Aid Award Letter from the CCA Financial Aid Office which will detail all aid for which you are eligible for the entire school year. You may not receive aid in excess of your cost of education. The award letter will detail the financial aid ‘offer’ or ‘award’, which is made after your eligibility for funds has been determined. The award, which may include several kinds of financial aid, is called a ‘package’.
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When will I receive my balance check from my financial aid?

LSCC: Financial Aid FAQ's
For students who are awarded before or during the registration process, no balance checks will be issued by the Financial Services (Business) Office until approximately (3) three weeks after the add/drop period is over. For those students who are awarded after the registration period is over, balance checks are usually issued by the Financial Services (Business) Office within (2) two weeks.
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UNT Student Accounting & University Cashiering Services:...
Financial aid loans, grants and scholarships are posted to the student accounts on a daily basis. Any amount owed on the student account is deducted from the financial aid before a refund is processed. Refunds are processed daily during registration periods and normally each Tuesday and Thursday during the remainder of the semester. Students participating in the electronic refund program will normally have their refunds deposited into their bank account within 2-3 business days.
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My Financial Aid is more than my charges. When will I receive my refund?

Student Accounts - FAQ : SUNY Cobleskill
Financial aid is applied in a first-in, first-applied order and refunds are not generated until the student's account is paid in full. Since refunds are not readily available during the first four weeks, it is advisable to have other personal funds to pay for expenses, such as your rent if you are living off campus or to pay for your books.
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I applied for financial aid . Why did you offer me a loan?

FAQ's
Loans are a form of financial aid; in fact, subsidized (interest paid while in college) loans comprise a major portion of the financial aid program.
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Does all my financial aid have to be applied to my account balance?

NMSU: UAR Frequently Asked Questions
Yes, your financial aid will be applied to your account balance first. Any excess funds will be returned to you, but all charges must be satisfied before any funds will be released to you.
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I have a negative balance on my account; I thought I had financial aid?

LSCC: Financial Aid FAQ's
When the amount of financial aid awarded to you exceeds the charges on your account, a credit balance is created. The negative balance is the amount owed to you in the form of a balance check which is disbursed by the Financial Services (Business) Office.
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When will I receive my Financial Aid award notification?

Answers to your Questions About Financial Aid at Michigan Te...
Notices of Michigan Tech scholarship awards are mailed January through March of the senior year in high school. Michigan Tech financial aid award notifications begin to be emailed to new students during the first part of March. Returning students receive their Financial Aid award notifications in summer.
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How many undergraduates receive need-based financial aid?

Frequently asked questions about MIT's Pell Matching Grants ...
More than 72 percent of undergraduates receive need-based financial aid, including scholarships, student loans and term-time jobs. Approximately 57 percent receive a need-based scholarship from MIT.
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When will I actually receive financial aid funds?

Loyola University Chicago- FAQs
OSFA and the Office of the Bursar work together to process refunds resulting from financial aid in excess of university charges. The processing of refunds begins after the close of the add/drop period, which is typically at the end of the first full week of classes each term. Refund checks for the amount of the excess credit are mailed to the permanent mailing address on file with the university.
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Do I need to be a full-time student to receive financial aid?

Financial Aid at Colorado Mountain College
This varies, depending on the requirements of the financial aid program and the availability of funds. Most do not require a student to attend full-time (12 hours or more) and some, like the Pell Grant, require an enrollment of only three hours, assuming all other eligibility requirements are met. to top Yes, if you are a resident of the CMC District and you have recently graduated from a high school within the CMC District, or will soon, you are probably eligible for the Richard C.
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