The Refund Process

Understanding the Refund Process

FEE 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 check paid to the student.

 

FUNDS DISBURSED – I see funds on my account, why don't I have a refund?
When you see the funds posted on your account, we are waiting for the actual funds and approval from the Department of Education before we can issue a refund to your account.

FEE REFUND/REFUND CHECK – I see a fee refund on my account, why don't I have a refund check?
Once, we complete what is referred to as the reconciliation process with the Department of Education, we calculate refunds due and submit them for payment.

Students who have NOT completed their Master Promissory Notes & Loan Entrance Counseling will not receive disbursed or refunds processed.  Students who have not completed their MPNs or Loan Entrance Counseling must do so immediately.   Directions on how to do so are available at www.centralstate.edu/financialaid.

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 student.\

 

REFUND AVAILABILITY- What are the dates refund checks will be distributed?

DISBURSEMENT DATE REFUND DATE
January 26, 2015 February 9, 2015
February 12, 2015 February 26, 2015
March 9, 2015 March 23, 2015
April 17, 2015 May 1, 2015


 




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