What does a negative student account balance mean?

What does a negative student account balance mean?

A negative balance appearing on an account indicates that money is owing to the student. This could be as a credit as a result of an adjustment to the student’s registration, or a tuition overpayment. A positive balance appearing on an account indicates that there is money owing to the college.

What happens if you don’t use FAFSA money?

If you get your loan money, but then you realize that you don’t need the money after all, you may cancel all or part of your loan within 120 days of receiving it and no interest or fees will be charged.

How do I get my FAFSA refund?

Check – Some schools will write a check for the amount of the leftover balance and mail it to the student’s preferred mailing address. Direct Deposit – Students may be given the option of having their financial aid refund sent to their bank via direct deposit.

How is financial aid refund calculated?

The refund is calculated by deducting any Tuition, Fees, or Room and Board charges assessed, and refunded anything in excess of those costs.

How much aid will fafsa give me?

The amount of money you can get by filing the Free Application for Federal Student Aid (FAFSA) depends on your financial need. But, the maximum amount can be in the low tens of thousands of dollars per year. Average amounts are about $9,000, with less than half of that in the form of grants.

What is a student account refund?

A refund is a check or direct deposit issued with funds withdrawn from your student account. In most situations, the refund check corresponds to a particular credit on your student account, such as an excess student loan, an overpayment, or a credit from your department.

How do I get my Pell Grant Refund?

If some of your grant dollars are unused, the school will issue you a Pell Grant refund. You may receive a check for the remaining amount, or the school may transfer it via direct deposit into your bank account or student account.

How do I get my refund from EPCC?

Students can enroll to receive their refund by submitting the Student Direct Deposit Form (PDF) to the nearest EPCC Bursar Office. If you have any questions or concerns regarding your refund or the process for direct deposits please call or visit the nearest Bursar Office.

How can I get a refund for my Valencia College fees?

(View the contract between Valencia College and BankMobile ). All registered students will receive an email sent to your Atlas account which will provides information on how you can select an electronic refund preference.

What are EPCC CARES Act student aid funds?

EPCC CARES Act Student Aid funds are Federal grants that can be used to cover expenses, so you can focus on your education and meet your academic goals. Students will not be required to repay these funds.

What should I do if I receive an award letter from EPCC?

Complete and submit any additional forms/documentation as requested by the EPCC Financial Aid office. When you receive your award letter, sign and return one copy to the EPCC financial aid office.