RE: Financial Aid Refunds

From: Lill Heit (lill@coastal.edu)
Date: Thu Jan 23 2003 - 09:51:31 EST

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    Here at Coastal Carolina University, we wait until the end of the 100%
    refund period (appoximately one week after classes begin) before processing
    excess financial aid checks. This seems to work well and the students are
    accustomed to it.

    Lill Heit, Bursar
    Coastal Carolina University
    P.O. Box 261954
    Conway, SC 29528-6054
    843-349-2101

    -----Original Message-----
    From: Cindy Shelton [mailto:sheltonck@appstate.edu]
    Sent: Wednesday, January 22, 2003 4:44 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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