Refund Checks

cptofthehouse
Mon, 31 Mar 2014 03:40:14 +0000

What do you mean by student apartments? My friend has a DD living in “student apartments” in that they cater to the nearby university, and maybe even only have students in them, but they are not affiliated with the university at all and when it comes to the financial end of it, my friend had to submit to a credit check and sign off on everything for her DD, and put down a heft deposit as well.

If your aid was not determined with the understanding you are living on campus, then your refund check will be the award amount minus the tuiton and fees. What else would they be charging you for? Why would your refund check be anything but that? The only issue I can see that could be a problem is if the school reduced your aid upon finding out you are not staying in the dorms and are not on a meal plan. Otherwise your aid is as stated in your award letter and you will get back whatever isn’t taken out for tuition and fees. Yes, the refund would be higher, than if you stayed on campus because the school would take out campus housing and food plan amounts from your award if you were staying on campus, and now you are not, and you have to allocate what you get towards off campus housing and your food.

I would check with the apartments you are considering as to what the deadlines and amounts are that you have to pay. Unless they are university affiliated in which case, they usually get billed through the school’s bursar office, such apartments may want the money before the school is willing to release the funds. You had better ask the bursars office as to what their schedule and procedures are for giving out excess funds to students. As I said earlier, some schools will not do so until well into the semester.