(for the Fall 2010, Spring 2011, and Summer 2011 term)
Credit balance refunds from the first payment of financial aid funds (disbursement) available by the close of business day
Subsequent Disbursements: Credit balance refunds from funds disbursed prior to Wednesday at 5 pm will be available the following Monday’s close of business
Credit balance refunds from funds disbursed after Wednesday at 5pm will be available one week from the following Monday’s close of business
Credit refund checks are for amounts of financial aid (including grants, some scholarships, and loans) that are above the student's tuition & fees. Credit refunds are meant to be used to help a student offset the cost of books (though in most cases, books must be purchased prior to receiving the refund) housing, transportation, and certain personal expenses. If a student drops courses and/or does not complete more than 60% of the term, some - if not all - of the financial aid (including amounts that may be in excess of a credit refund such as the cost of tuition and fees) received may have to be paid back to the school or the U.S. Department of Education. This process is known as Return of Title IV Funds. Additional information is available at http://www.ccd.edu/FinancialAid/Return-Title-IV.aspx.
In the event a student's total financial aid award is less than the total tuition expenses, the student will be responsible for paying the difference. The Cashier's Office will issue the student an invoice for the amount due. Inquiries regarding CCD invoices should be directed to the Cashier's Office.
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