(03-12-2019, 02:53 PM)studyandpass5 Wrote: I need to take 9 credits through TESU, but only 6 of those credits will be covered under financial aid. I emailed the financial aid department and they told me:  Once we award you and you accept your award, you can register for 6 credits of online or guided study classes without payment.  Generally, your eligibility for funding will exceed the cost of 6 credits.  You would receive a refund check for the credit balance in your account approximately 35 days after the start of the term.  You could then use the refund to pay for your 3 credit course in the next available term.

Has anyone had success with actually getting the refund from TESU? I guess it varies from person to person, depending on how much aid you got, but I was curious as to how many of you this actually happened to. That would be great if I could get a refund, as then I could take the dreaded Capstone by itself and not have to worry about juggling two courses at once.

(03-12-2019, 06:04 PM)mysonx3 Wrote: I am going to have an overage this term (I took a small federal loan) and I'm wondering how it will be disbursed. At my previous school it was direct deposited, but TESU hasn't asked for bank account info. Will they send a check?

(03-13-2019, 12:22 PM)mysonx3 Wrote:

(03-12-2019, 06:04 PM)mysonx3 Wrote: I am going to have an overage this term (I took a small federal loan) and I'm wondering how it will be disbursed. At my previous school it was direct deposited, but TESU hasn't asked for bank account info. Will they send a check?

Turns out the answer to this is that they will mail a check approximately 35 days after the start of the term.

(03-13-2019, 06:54 PM)cookderosa Wrote:

(03-13-2019, 12:22 PM)mysonx3 Wrote:

(03-12-2019, 06:04 PM)mysonx3 Wrote: I am going to have an overage this term (I took a small federal loan) and I'm wondering how it will be disbursed. At my previous school it was direct deposited, but TESU hasn't asked for bank account info. Will they send a check?

Turns out the answer to this is that they will mail a check approximately 35 days after the start of the term.

Yes I remember getting a check. I'd have to look back and see if I wrote down my numbers, but at the time I did it (2007) I rec'd a full Pell and took out the subsidized student loan which was something like $5000. Of the loan, TESU needed a small amount of it (maybe less than $1000?) and the rest came back to me in a check that I deposited into a savings account. Since I was finishing my UL credit (not starting the process) I added to that savings account every chance I got. On the day I got a bill, I paid my loan in full - but the money was mine if I'd have needed it, I could have used it. If I were starting, I would have used the refunded money to fund my CLEP/DSST/ACE credits.
The way I did it, the math worked perfectly- it might be a different scenario now with tuition being more expensive. It might actually put someone in debt to use the Pell.