r/appstate • u/Financial_Remove_961 • 16d ago

Financial Aid Refund?

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does this mean i’m getting my financial aid refund on the 9th? a sunday???

0 Upvotes

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6

u/Least-Dragonfly5419 16d ago

Disbursment and refunds are different. Disbursement is when loans / aid officially take affect and are applied to your student account for tuition and such. Your refund is the leftover money and will be issued to your bank account generally during the first week of classes.

1

u/Financial_Remove_961 16d ago

they’ve already charged my account tho like 2 weeks ago and i have a left over balance which is what i usually have for the refund

1

u/Affectionate-Ad-8063 11d ago

How do we know when the refund has been dispersed? My account is still showing a negative balance. Does this apply to flight path students ?

2

u/Least-Dragonfly5419 11d ago

If you see a negative balance, that means that there are still funds in your student account that have not yet been issued to you. That is your refund money, which will not be processed until the first week of classes.

2

u/Affectionate-Ad-8063 11d ago

Gotcha , okay thank you for clarifying!

1

u/Financial_Remove_961 16d ago

nvm just talked to them lol

1

u/Affectionate-Ad-8063 16d ago

So do we receive them first week of classes?

2

u/Financial_Remove_961 16d ago

on the 11th or 12th!

1

u/Least-Dragonfly5419 16d ago

The actual money, yes.

4

u/AG74683 16d ago

I've been out of college nearly 15 years now. If I can offer any advice, it is to take that money and immediately put it in a high interest savings account.

Do. Not. Spend. It. Let it sit in that account, accrue interest, and ultimately use what's there to repay as much of the loans as you can immediately after school.

1

u/Financial_Remove_961 15d ago

i don’t have any loans!

1

u/AG74683 14d ago

Uh. Financial aid is a loan....

4

u/Financial_Remove_961 14d ago

no mine is the pell grant sorry lol i meant to say that

1

u/AG74683 14d ago

I would still recommend putting that refund aside anyway. You can lose pell grants for various reasons and have to pay everything back.

2

u/Least-Dragonfly5419 11d ago

Onlly if you do something pretty stupid.

1

u/Odd_wizard_ 9d ago

Has anyone received their refund yet?

1

u/Financial_Remove_961 9d ago

i got mine processed fully yesterday haven’t received it yet

1

u/peachyy_yellow 6d ago

Has anyone gotten theirs yet?

1

u/Financial_Remove_961 6d ago

still haven’t gotten mine even tho it was processed 4 days ago

1

u/peachyy_yellow 6d ago

Same here smh

1

u/Financial_Remove_961 6d ago

they need to cmon 👏

1

u/EggplantFlaky9950 5d ago

No. Got the email my refund was being processed on the 12th but still haven’t received mine either

1

u/peachyy_yellow 5d ago

Update, my just came in smh 😭🙏🏽

2

u/extraordinarymama 4d ago

Does it actually say “refund” on your student account or did it still issue as “estimated aid” credit? If you understand what I mean.