If you accidentally paid more than you owe, you will receive a refund for overpayment. *** Information will be forthcoming on refund distribution for January 31 st and February 15 th. Phone: (910) 672-1325 Fax: (910) 672-1423 Toll Free: 1-800-368-4210 finaid@uncfsu.edu. 8:00am – 5:00pm to pick up refund checks. Students and parents should view the Fee sheet to obtain the semester cost. Title IV is a term that refers to federal financial aid funds. If you have direct deposit, you will receive your refund 3 to 5 business days from the date the refund was posted to your student account. These awards are considered “gift award” free money and do not require repayment. Financial aid refunds are issued if the total amount of financial aid awarded for the semester is greater than the charges on your student account. A student is entitled to a refund when the account is overpaid and a credit balance is created. Student Refunds Process - All financial aid funds, except Federal Work Study, will be disbursed in two payments to your student account by the Treasurer's Office. Students can: Check the status of their FAFSA Application; View a list of documents the Financial Aid Office has received and a list of documents still outstanding; View their financial aid awards The following deadlines to submit a refund appeal will be enforced. Find forms and fees to apply or manage a case at NCAT. Answer : A student is entitled to a refund when the account is overpaid and a credit balance is created. This federal loan program allows graduate students with no adverse credit history to apply for up to their Cost of Attendance each year, less any financial aid. What is a Financial Aid Refund? Administrative and Equal Opportunity Division Hearings. Educational loans have varying interest rates and repayment terms. Please allow 5 to 7 days from the date the refund was posted to your student account. 1020 E. Wendover Avenue, Suite 101. The Office of Student Financial Aid may exercise professional judgment for special circumstance, dependency override and make adjustment to the student’s FAFSA information or cost of attendance at the request of the student. The amounts and types of financial aid a student is eligible for is determined, in part, by their enrollment level. NCAT's hearing lists show you the time and place of cases listed for a hearing or other listing type. Some awards are based upon eligibility which is calculated using the information provided on the Free Application for Federal Student Aid (FAFSA). Also, there may be various circumstances in which additional charges are added to a student’s account. Refunds of Course and Special Fees. This normally relates to the number of credit hours or clock hours taken by a student during a given academic period. (1) You must complete the Entrance Counseling Session at Studentloans.gov. Repayment of principal and interest begins 30 to 60 days after the loan is fully disbursed with deferment and forbearance options available. You can confirm that your refund has been processed by viewing your Account Activity. Students requesting refund checks from financial aid are asked to do so this month. Students and their assigned authorized bill payer will receive an email notification when a new billing statement is available online. Course fees are ONLY refunded for courses dropped by the partial tuition refund deadlines provided above. The Office of Student Financial Aid makes every effort to provide you with timely and accurate information regarding your award. Repayment of principal begins six months after the borrower ceases to be a student on at least a half-time basis. Students must also pass 67% of the hours attempted and earn a certain grade point average to continue receiving financial aid. North Carolina A&T State University. After the add/drop period, these refunds are processed weekly. It is recommended that you check your N.C. A&T email account (aggies email accounts) and Aggie Access on a regular basis to ensure you remain informed regarding your financial aid awards and other pertinent information. Our experienced staff is available during office hours to respond to your financial aid questions and requests. Currently have eligible expenses related to COVID-19; Have received a federal financial aid award for fall 2020; Are registered for fall 2020 courses If a personal payment is received in excess of the amount billed, the excess will be placed on deposit for an upcoming semester. Office Hours. The UNCG Financial Aid Office is here to help students apply for financial aid, understand the different types of financial aid available, and make the most of their financial aid awards. Out-of-pocket cost can be covered through a variety of sources, including: savings, income and educational loans. Basic levels of enrollment include: undergraduate (students seeking an associate's degree, a certificate, or a baccalaureate degree); post-baccalaureate (such as teacher certification); graduate (students working on a master's degree or professional degree); and post-graduate (such as students enrolled in a doctoral program). Grants and Scholarships do not require your acceptance on Aggie Access. There is a fee to sign up for the tuition pay plan. As part of that commitment, our Financial Aid office will work with you to receive the financial assistance you need to attend N.C. A&T. Enrollment Level: Level of the degree-granting program in which a student is enrolled. The UNCG Financial Aid Office staff is here to assist students with the process of applying for financial aid. Applicable refund checks will be ready effective September 26,. for the following categories of financial aid students: BEOG, SEOG - initial and renewal year, NDSL, Minority Presense, and Nursing Loans and Scholarships. (3) You must accept, reduce or decline your Federal Direct Loan on Aggie Access On-Line. NCAT deals with a broad and diverse range of cases. If you decide not the use the voucher, you will receive the funds in the form of a financial aid refund, which you may use to purchase your books/supplies. View today's Administrative and Equal Opportunity Division hearing list. Work-Study students generally work 10 -15 hours per week. Monday - Friday 8:00am - 5:00pm. Loans are used to help pay the remaining net costs after gift aid is deducted. If you don’t have direct deposit, a paper check will be mailed to your permanent address. (2) You must electronically sign a Master Promissory Note (on-line) at Studentloans.gov. Be sure ... NCAT or Southside campuses. Payment directed to UNC Charlotte should be rendered for the amount due based upon a University bill, or the expected amount of tuition and on-campus housing/dining charges. 4 - Private (Alternative) Loan: A loan from a commercial, state-affiliated or institutional lender used to pay for up to the annual cost of education, less any financial aid received. This can result in a higher (or lower) financial responsibility for the student (and his/her family) than the FAFSA might indicate with its Expected Family Contribution (EFC) estimate. Housing Cancellation Request To request cancellation of your housing contract, you must log into the Online Housing System and submit a Housing Cancellation Request. Greensboro, NC 27405. GRADUATE AND LAW STUDENTS with loans must be enrolled in at least four and one half Indirect Costs: Expenses incurred as a result of attendance that the student/family may pay to a third party (merchant, landlord, etc.) NCAT has the power to make a range of orders including the payment of money, an order that money is not owing, an order that certain goods or services are to be provided; an order to replace or fix faulty goods or an order that goods be returned and a refund provided. https://registrar.illinois.edu/tuition-fees/refunds/spring-2020-refund-schedule If a student is receiving financial aid, the university highly encourages the completion of the. Students can receive refunds in one of the following ways: by direct deposit or by a paper check mailed to the mailing address on file. SAP - All students must attend classes. The purpose of student refunds is to reimburse students for monies paid in excess of tuition and fees. Financial aid refunds are issued if the total amount of financial aid awarded for the semester is greater than the charges on your student account. MEALS: can be used at William Dining Hall and The Marketplace, both all-you-care-to-eat locations. They will automatically be accepted on your behalf. If a student receives financial aid, they should contact the Financial Aid office before withdrawing. Saturday/Sunday: Closed. Restrictions For Refunds From Loans UNDERGRADUATE STUDENTS with loans must be enrolled in at least six credit hours to receive a refund from their loan proceeds. Aid will be adjusted or canceled for students who fail to attend class(es). Phone Hours: Monday – Friday: 9am – 4pm . 7. Financial Aid Refunds Ready . Kamesia House Executive Director of Scholarships & Financial Aid CLICK HERE TO DOWNLOAD AND PRINT A DIRECT DEPOSIT FORM. Private loans usually require the applicant to be creditworthy or have a co-signer and have varying interest rates, fees and repayment options. If a student enrolls in distance education courses and decides to withdraw and is due a refund, after submitting a request to be withdrawn to A&T Online, refunds are issued. Steps for Viewing, Accepting and Other Financial Aid Award Information 2018-2019Semester Cost Fee SheetFinancial Aid Award ChecklistFinancial Aid Award Information Guide. If the Admissions/Registrar's Office should receive the request online, the form will be processed within 24 - 48 hours. Read about the steps you need to take to resolve your case from application to decision. It is very important that you read this document in full to become familiar with programs, policies and guidelines relating to your award. We recommend setting up direct … 2 -Federal Parent Loan (PLUS): A federal loan program that allows parents who have no adverse credit history to apply for up to the Cost of Attendance each year, less any financial aid. Scholarship awards are typically based on merit or a combination of merit and need, such as academic excellence, talent, affiliation with various groups, or career aspirations. Federal Pell Grant: A grant provided by the federal government to qualified undergraduate students who demonstrate exceptional financial need and have an Expected Family Contribution below a threshold designated annually by the U.S. Department of Education, based on the amount of program funds appropriated by Congress. Helping college students and graduates succeed with custom financial literacy programs for colleges and resources for financial aid questions, careers, personal finance Gift aid can be awarded based upon many factors, including (but not limited to) financial need; academic excellence; athletic, musical, and theatrical talent; affiliation with various groups; or career aspirations. If you are receiving aid and/or scholarships not listed on your award letter, you must notify the Office of Student Financial Aid. No direct deposits of financial aid can occur during the prenote process, which takes 10 days. Select a case type to find out how NCAT can resolve your issue or dispute. Use the search filters to view hearings listed in past 7 days or to be heard in the next 3 weeks. Family Financial Responsibility: Many schools award institutional scholarships and grants based upon a more comprehensive calculation of family financial circumstances using information provided on the CSS PROFILE or the College's own financial aid form. Below are the cancellation deadlines for the upcoming semesters. Grants are typically based on financial need. The purpose of student refunds is to reimburse students for monies paid in excess of tuition and fees. Repayment of interest (and often principal) generally begins immediately, with some lenders offering deferment options for in-school periods. Students enrolled in direct deposit will have access to their refunds on the morning of January 23 rd. Your actual enrollment will not be verified until the end of add/drop period. If financial aid paid all or part of a student’s tuition, it is often necessary for any refund to be sent back to the financial aid source. Best wishes to you for a successful year at NC A&T State University. Campus Directory Email: extendedcampus@ncat.edu. Declining a specific award does not mean that it will be replaced with additional funds. 1 - Federal Direct Student Loan: Loan funds provided to the student by the U.S. Department of Education, through the school. If awarded a Federal Direct Loan, all students must accept, reduce or cancel their loan award on Aggie Access On-line. Common reasons for an award being adjusted are residency changes, enrollment level changes, receipt of additional aid and changes to family income, to name a few. The OSFA recognizes that some students are not able to meet the entire cost to attend the University. Telephone: 336-256-0355. Students and/or parents are required to sign a promissory note when accepting an educational loan. The intent of this glossary is to provide definition and understanding of the most commonly used terms on the award notification. Tuition Pay - The University offers an installment payment plan that provides an opportunity to pay tuition, fees, room and board charges for the semester in up to 5 payments for one semester and 10 payments for the academic year. A negative balance means you received more financial aid for the semester than the charges shown on your student account. During the workshop you will be assigned a position on or off campus. Note: Please be cautious of phishing scams that try to change your account information/refund destination. Students may have special financial circumstances beyond their control. FLEX DOLLARS: come with meal plans U-E and do not transfer semester to semester. If you don’t have direct deposit, a paper check will be mailed to your permanent address. Fax: 336-334-7081. The University reserves the right to change without notice any award due to federal, state and or institutional changes in policies, procedures or regulations. All students must accept or decline the aid awarded on Aggie Access Online. For example, a POT A (1st 8 week) course must be dropped by midnight August 30th to receive a refund for the … The office of student financial aid understands that students must withdraw from the university for various reasons. Educational Loan: A form of financial aid that must be repaid with interest. If you have a negative account balance, you will be receiving a refund. Toll Free: 1-888-498-6752. Have submitted a FAFSA for 2020-21. Review your Contract for Residential Services for your application period to find the further information about penalties related to your cancellation. Financial aid refunds are paid when you receive more financial aid than the direct costs on your university bill. Free Application for Federal Student Aid (FAFSA), Steps for Viewing, Accepting and Other Financial Aid Award Information 2018-2019, 1601 E. Market Street, Greensboro, NC 27411, Expected charges for one year of tuition and fees, Estimated living expense -- allowance for rent, utilities, and food for off-campus living, Full-time status = at least 12 credit hours, Three-quarter time status = at least 9-11 credit hours. Refund money can and should be used towards these charges. Office of Financial Aid. Cost of Attendance (COA): The estimated cost of attending this institution for one academic year. You may apply at tuitionpay.com beginning June or you may contact them at 1-800-635-0120 for additional information. A student is entitled to a refund when the account is overpaid and a credit balance is created. Your award notification indicates the types and dollar amounts of aid awarded. (e.g., be eligible to receive federal financial aid funds such as the Pell Grant, Direct Loans, etc.). Gift aid includes awards with titles such as grants, scholarships, remissions, waivers, etc. Online Requests. There will be a line item posted that reads "Refund," as well as the date and amount. The N.C. A&T State University Federal School Code is … PLUS loans must be repaid with interest. Homepage [ssbprod-ncat.uncecs.edu] Code ssbprod-ncat.uncecs.edu. E-Bills – The University will provide billing statements electronically. The Financial Aid Award Information Guide was developed to provide you with information on programs, policies and procedures. You have the right to accept or decline all or a portion of your award. At UNC Charlotte, any changes to banking information requires a second identification factor (i.e., text message code), but we encourage you to be extra vigilant regardless. The university reserves the right to refuse payments that substantially exceed the balance on the student's account. Click on myBanner enter your Network ID and Password, select Student, select Student Account, select Student Account Information, select Refund Direct Deposit Setup, enter your Bank Routing Number, Bank Account Number and Bank Account Type, Press Continue. Work-study students are paid bi-weekly at an hourly rate of at least $8.00 per hour. This amount includes the following: Direct Costs: Expenses the student/family pays to the college. Q: When will I get my refund? Federal regulations state that any federal funds disbursed to a student's account in excess of allowable charges must be delivered to the student (or parent in case of an undergraduate PLUS loan.) Now that you have received your award letter, the next question is “How much do I owe?" If you are enrolled in direct deposit and your bank account information has Online Financial Aid System. The Glossary of Terms for Award Notifications contains universally accepted definitions of language typically contained on award notifications given to current and prospective students. Instead, any refunds processed during this time will be in the form of a check. Self-help: Financial aid in the form of loans or student employment. Students, who drop a class after spending their refund check, are subject to owe money back to the university if their financial aid is reduced due to a lesser course load. Each voucher is specific to the semester it was offered. Half-time status = at least 6-8 credit hours. Students with financial need can qualify for a subsidized loan, and the government pays the interest on the loan while the student remains enrolled at least half time. Student employment earnings (including Work-Study awards) are generally not deducted from billed costs but can be used to help cover indirect costs and are paid in the form of wages to the student. The University of North Carolina at Charlotte9201 University City Blvd, Charlotte, NC 28223-0001704-687-8622, Credit balance refunds due to TransferMate/ personal payments will be issued starting 4-7 business days before classes begin. Net Cost: Amount of direct and indirect costs remaining after all gift aid (scholarship and grant) is subtracted.