FW: Financial Aid Refunds

From: oa.kderouen {Karen DeRouen} (oa.kderouen@forum.utexas.edu)
Date: Thu Jan 23 2003 - 08:10:42 EST

  • Next message: Ralph, Judith C: "RE: Financial Aid Refunds"

    At the University of Texas, we don't send refunds out until after the 12th
    class day of each semester. Financial aid isn't disbursed until after the
    beginning of classes, but students can defer to their financial aid to
    satisfy the requirements for retaining their classes.

    -----Original Message-----
    From: Cindy Shelton [mailto:sheltonck@appstate.edu]
    Sent: Wednesday, January 22, 2003 3:44 PM
    To: bursar-l@virginia.edu
    Subject: Financial Aid Refunds

    Hello Fellow Bursars and Student Accounts Directors!

    I hope you all are surviving the beginning of the spring term rush. I'm
    having a little problem at my institution and would like to know if any of
    you have the same issue. Currently, our Financial Aid Office feeds any and
    all types of aid to students' accounts 10 days before the term begins. We
    then have refunds available to students on Registration day, which is two
    days before classes start. Recently, this has caused big problems because
    students are dropping/adding hours, aid is being taken away, meal options
    are being added for off-campus students, etc. during the first week and a
    half of classes. Even worse, we are having students pick up refund checks
    and then withdraw.

    How many of you do what I described above and how many of you wait until
    after the drop/add period to make refunds available? I would like to change
    our refund policy but will need input from other institutions before my
    administration will make a decision.

    Thanks, in advance, for your responses!
    Cindy Shelton
    Director of Student Accounts
    Appalachian State University
    (4 year public)
    Boone, NC
    828-262-6420



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