Does my school owe me $2,000?

kelsmom
Sun, 24 Jan 2021 21:51:53 +0000

There is no way for us to answer that question. If you started school but then dropped classes, it is possible that a return of Title IV funds must be done. Whether or not it must be depends on when in the financial aid timeline you dropped classes. If it does have to be done, your financial aid amount might be adjusted. For this reason, I encourage you to contact your school’s financial aid office to find out if your aid is final - be sure to mention that you dropped classes. If it’s finalized, talk to your Bursar’s office to discuss the possible refund.

Also, if any of your refund is from a loan, and if you don’t need that money to survive right now, I suggest returning the refund to the financial aid office & telling them to return the loan to Direct Loans (or you could send it directly to your servicer yourself). This will save you lots of money in interest over time.