Re: bursar-l: Aid Disbursement

Our first batch of refunds go out the Friday before the first day of class
which is two weeks before the end of add/drop period. Although this would
not be my choice, this is the way things have always been done and it is
difficult to take something away. While this policy does result in
increased accounts receivable and ultimately bad debt, we have not found it
to be so significant an amount as to compel us to change the policy. Given
the volume of disbursements it is a tiny drop in the bucket. And certainly
our students prefer the current policy. Students are so anxious to get the
funds for rent, daycare, and many other "it can't wait" reasons that we
prefer to keep this early date for sending refunds.

Cathy

SIUe

Cathy Foland

Southern Illinois University Edwardsville

Bursar

cfoland_at_siue.edu

618-650-3138 Office

618-650-2971 Fax

From: bursar-l-bounces_at_list.mail.virginia.edu
[mailto:bursar-l-bounces_at_list.mail.virginia.edu] On Behalf Of
Gwynne.Kolodziejski
Sent: Wednesday, May 20, 2009 10:27 AM
To: bursar-l_at_virginia.edu
Subject: bursar-l: Aid Disbursement

Currently we do not disburse aid until after the add/drop period. Of
course, this delays incoming loans, drawing down funds & processing refunds
to our ever anxious students.

Would anyone who disburses aid "early" be willing to share any issues (and
subsequent resolutions) they encounter regarding refunds to student who do
not return, under-register or otherwise become ineligible for their aid?

Thanks for any insight you can provide.

Gwynne Kolodziejski

Director of Student Billing

Alvernia University

400 St. Bernardine Street

Reading, PA 19607

610.796.8325

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Received on Wed May 20 2009 - 16:38:37 EDT