The Value of Your Refund

The Value of Your Refund

What is a refund?
It is what happens when the combination of financial aid grants, loans or scholarships exceeds the amount of Direct Charges (Tuition, Fees, Room, and Board). Funds not applied to cover education costs (direct charges) result in a financial aid refund paid to the student.

 

What is it used for?

Books, school supplies, computers, calculators, cleaning supplies, transportation home for the holidays, miscellaneous personal items, toiletries, laundry, and other necessary living expenses.

 

What is the refund process?

Not all unused aid returns to the student. For example:  Refunds for the Parent Loan for Undergraduate Students (PLUS) will be sent to the parent borrower. Any other refund will be given to the student.  When your financial aid posts to your account, we are waiting for the actual funds and approval from the Department of Education before we can issue a refund to you.  Refunds are available five business days after you see Fee Refund on your account.  Please set up direct deposit via MyCSU.

 

 

What is the difference between disbursement and refund?

Disbursement is when Central State University sends your request for payment to the US Department of Education to receive payment on your account to pay your tuition, fees, room and board.  This process takes 14 days.

 

Refund is when there is more aid then charges on the account therefore the student receives the difference deposited to their bank account.

 

What are the dates of disbursement?

 

DISBURSEMENT DATE SCHEDULED REFUND DATE
September 5, 2018 September 18, 2018
September 20, 2018 October 3, 2018
October 17, 2018 October 30, 2018

***NOTE: THESE DATES ARE ESTIMATED AND SUBJECT TO CHANGE***

Check your MyCSU account often for any updates!