RE: Financial Aid Refunds

From: Ehmann, Peg (Peg_Ehmann@urmc.rochester.edu)
Date: Thu Jan 23 2003 - 10:44:36 EST

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    We, too, time the disbursement of FA until most of the "dust has settled".
    We are able to go online to our lender to put a hold on any student's
    disbursement. We do this if there is a question of credit hour changes or
    if the registration is held up for any reason. It has been a tremendous
    time (and agrevation!) saver. When we started this delay procedure, we had
    a few complaints, but the students seem to have adjusted and no longer
    expect their check the minute they walk in the door. (We may have actually
    helped them to learn to PLAN!!)

    Peg Ehmann, Bursar
    University of Rochester School of Medicine
    Rochester, NY

    -----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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