FINANCIAL AID REFUNDS
Why are you distributing financial aid refunds after drop/add?
We are allowing students to charge their books at USA's bookstore through drop/add and it allows for more flexibility in schedule changes.
Does the distribution of financial aid after drop/add include loans also?
How long after drop/add will I receive my financial aid refund?
The refunds should be processed by the Office of Student Accounting within 10 business days. If you have direct deposit, check with your bank to verify the deposit. Refunds issued by check will be mailed. PLEASE BE SURE TO KEEP YOU EDD ACCOUNT INFORMATION AND MAILING ADDESS CURRENT WITH THE UNIVERSITY.
PAWS indicates that my financial aid refund was processed but I have not received it? What should I do?
If you have not received your refund (check or EDD) after 7 days from the refund process date on your student account, contact the Office of Student Accounting. It takes approximately 10 days for check refunds to be received back by mail and approximately 5 days for financial institutions to return EDD resulting from closed accounts.
My refund is less than the amount I expected to receive. What happened?
- If you are receiving loan money, an origination fee may have been deducted from the total amount of the award. Please reference your promissory note and/or loan information.
- If you paid all or part of your tuition and fees with a credit card or through the USA Credit Union Deferred Payment Plan before your financial aid was applied to your student account, the amount paid with the credit card will be refunded back to the credit card or the amount paid by the USA Credit Union will be sent back to the USA Credit Union.
- If you dropped classes, it may have affected your financial aid award eligibility. Please contact the Financial Aid Office.
ELECTRONIC DIRECT DEPOSIT
When is the deadline to sign up for direct deposit of my financial aid refund?
January 16, 2014 is the deadline to submit completed paperwork to the Office of Student Accounting for Springl semester 2014.
I am a returning student that was previously enrolled in electronic direct deposit. Do I need to resubmit my EDD information?
Students enrolled in EDD do not need to resubmit information each semester unless the account information has changed or they no longer wish to participate in EDD. If the account information has changed, a new EDD form and voided check must be presented to the Office of Student Accounting by the EDD deadline.
What if I get to the cashier in the bookstore and they do not allow me to charge books?
Then you have either not been awarded financial aid at USA or you did not have sufficient aid available to allow for a bookstore charge.
I was awarded aid today but the bookstore will not allow me to charge my books.
The data is sent each night to the bookstore and they have either not received the data for today, or you do not have sufficient aid available to allow for a bookstore charge.
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