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Federal regulations prevent the university from automatically deducting any fees, other than tuition, from your federal loan check without your prior written consent. If you want the university to deduct other fees from your account before your refund is calculated, you must give the Office of Student Financial Services written approval in advance.
If your federal loans exceed the amount of tuition you will be paying, the difference between the amounts will be automatically refunded to you. However, you then become responsible for all remaining charges to your account. If the balance on your account is not settled by registration, you will be charged late fees on any outstanding balance.
Even if you are due a title IV refund (processed automatically), the Office of Student Accounts suggests that you request your refund as soon as funds are disbursed to your account and are sure that no significant errors appear on your billing statement. Checks are generated automatially and are mailed to your LOCAL address. Automatic refunds will not be sent via direct deposit or to any other address other than the student's local address.
Note: Automatic refunds are calculated only on the difference between the federal loan money and tuition. So if you were to pay $5000 (by any other payment method other than a federal loan) towards an $8000 tuition bill, and then had $10,000 worth of federal loans applied to your account, you would be refunded $2000. The remaining amount would be applied to other charges. To claim a refund on any remaining credit balance, you would then have to request a refund.
Read about the Privacy Act
Read about Requested Refunds
Proceed to Requesting a Refund |
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