Financial Aid


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Financial Literacy Series



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The Financial Literacy Workshops are mandatory for any student receiving institutional aid.
We welcome and encourage all students to attend these workshops as they will offer guidance in making sound financial decisions.

Institutional aid includes any funding granted to a student by the university. For example: all athletic aid, choir, band, Residence Hall Advisors, Auxiliary, departmental scholarships, etc.

If you plan on receiving this aid for the following year, you must attend four (4) Financial Literacy workshops this academic year to receive the funding the upcoming year.


Refund Process

The Value of Your Refund

What is a refund?

A refund occurs 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 a direct deposit via your Central State University email account.

What is the difference between disbursement and refund?

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

A refund is when there is more aid than charges on the account; therefore, the student receives the difference deposited to their bank account.

Fall 2021 Federal Aid Disbursement Date to School Account
September 8
September 22
October 6
October 20
November 3
November 17
December 1
Fall 2021 Excess Aid Disbursement Dates to Student Account (no later than the date listed below)
September 22
October 6
October 20
November 3
November 17
December 1
December 15

Disbursements will typically occur on the second Wednesday of each month, with additional dates added at the beginning of the fall term.

An additional Federal Aid Disbursement Dates to the Student Account may occur for fall and/or spring, as needed.