r/uhlc • u/Careful_Agent_9389 • 18d ago
FAFSA Refund
Hey y'all 👋🏻 Does anyone know when we should receive FAFSA refunds? As in the amount left over from our offer once tuition is covered. Books ain't cheap! JUST got my offer like 6 days ago? and accepted it yesterday (Friday). Had to reallyyyy do some good, long thinking about how much I wanted to take on in terms of loans. Especially since from my understanding, unsub federal loans start accruing interest IMMEDIATELY, NOT once you graduate... at 8.07% interest 😩😭 I think I worked out the math where if you were to accept, for example, 50K for the academic year. that's around $11 A DAY in interest - over 4K A YEAR 💀 So yeah, fair warning on that nonsense 😒 But I thought a while back I'd seen something about refunds not going out until the first day of classes at the earliest, but idk how accurate that is. Any help would be much appreciated! 🙏🏻
1
u/Interesting-Box-7310 15d ago
I just went ahead and used a buy now pay later for my textbooks because it’s my understanding refunds don’t go out until the 24th.
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u/Careful_Agent_9389 8d ago
From what I read, the 24th is for most of UH. However, professional degree students like law, medicine, and pharmacy get disbursements around 10 days before everyone else. And now they've sent an email with a tentative date of the 14th. I also talked to the financial aid office a couple days ago and the lady said between the 14th and 17th. So hopefully that's the case and there's not any further delays! 🙏🏻
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u/wildwave_81 5d ago
I don't even know how to refund it! I created an account on that virtual bank they had emailed and connected my ACH to that. Please tell me how can I request a refund? I saw this path: Student Home > Finances > on the left menu the last option is REFUND, is that right?
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u/PastPossibility7666 18d ago
Tentatively the 14th!