Bursar's Office
Payments, Refunds and Deadlines
Class fees can be paid by cash, check, or credit card. Mastercard, Visa and Discover are accepted. Credit card authorizations may be faxed to (219) 785-5543. You may also pay by Visa or Mastercard on the Web through MyPNC Banner.
Credit Card Authorization Form
FACTS Payment Plan
Review payment plan options available to you through FACTS/Nelnet Business Solutions. Sign up early for lower monthly payments. Download the FACTS flyer (PDF, 103K).
FACTS brochure for MBA students (PDF, 176K).
Payment Dates
Summer 2008:
For those who advance register for the Summer 4-week session, fees are due by May 2, 2008. After this date, payment is due at the time of transaction. Fees for the Summer 8-week session are due by May 23, 2008.
Deferment of Financial Aid
Students receiving financial aid must fill out the "Postponement Request for Financial Aid Students" (Only if you are receiving enough aid to cover all of your fees). If your financial aid is not going to cover all of your fees, you must appear in person at the Bursar's Office to apply your financial aid to your class fees. Any remaining balance must be paid at that time.
Students Receiving Financial Aid
First-time Perkins Loan Borrowers: You must attend entrance counseling during the first week of the semester. Counseling session times will be posted in the Bursar's Office and the Financial Aid Office.
Change Money: "Change Money" is excess financial aid after fees are paid. Change money checks may be picked up in the Bursar's Office during the first week of classes.
NOTICE: Students who receive financial aid (Title IV) and do not attend classes for which they are enrolled will be responsible for repayment of their financial aid.
|
Spring 2008 Refund Schedule |
|
Refund Percentage |
Prior to semester |
100% |
1) 1/14 to 1/20 |
100% |
2) 1/21 to 1/27 |
60% |
| 3) 1/28 to 2/3 |
40% |
| 4) 2/4 to 2/10 |
20% |
| 5) 2/11 to end of semester |
0% |
| Summer 4-Week Session Refund Schedule |
| |
Refund Percentage |
| Prior to semester |
100% |
| 1) 5/12 to 5/18 |
100% |
| 2) 5/19 to 5/25 |
40% |
| 3) 5/26 to end of semester |
0% |
Summer 8-Week Session Refund Schedule |
| |
Refund Percentage |
| Prior to semester |
100% |
| 1) 6/9 to 6/15 |
100% |
| 2) 6/16 to 6/22 |
40% |
| 3) 6/23 to end of semester |
0% |
** The regulations apply only to full withdrawals. All partial withdrawals are refunded by the percentages designated above for "Other Students" (Institutional).
* Institutional refund will be used when greater than Federal refund.
PRIORITY OF RETURN OF FUNDS BY THE SCHOOL:
1. Unsubsidized FFEL Stafford Loan
2. Subsidized FFEL Stafford Loan
3. Perkins Loan
4. PLUS Loan
5. Pell Grant
6. Academic Competitiveness Grant
7. National SMART Grant
8. FSEOG Program
9. Other Title IV Aid Programs
10. Other Federal, State, Private or Institutional Aid
11. The Student
PRIORITY OF REPAYMENTS (RETURN OF GRANT FUNDS) BY THE STUDENT:
1. Pell Grant
2. Academic Competitiveness Grant
3. National SMART Grant
4. FSEOG Program
Refund Policy for Financial Aid Recipients
When a title IV financial aid recipient withdraws from all classes, the percentage of the period completed, based on class days will be calculated. The federal government mandates that students who withdraw may only keep the financial aid they have “earned” up until the time of withdrawal. Title IV funds in excess of this amount must be returned by the University and/or Student to the Federal Government.
To determine how much Financial Aid a student has earned, we will calculate the percentage of the period completed, based on calendar days. Scheduled breaks of 5 days or longer will be excluded. This percentage is then multiplied by the total amount of Title IV aid disbursed. The Institution and/or Student must return the unearned amount of aid.
This policy applies to all Title IV financial Aid recipients, including first time students. You will be notified by mail if you have withdrawn from all classes and must repay a percentage of you financial aid. If you have any further questions, please contact the Bursar Office.
State Refund Policy
All State Financial Aid is recalculated through the end of the 4th week of classes. Aid will be recalculated at the new number of credit hours if a student drops any classes during the first four weeks of the semester and drops below 15 credit hours but remains in 12 or more hours. If a student drops below 12 hours they may lose their entire award. The student will be billed for any lost aid amount.
Procedures to follow to obtain a Refund
Notifications of withdrawal or cancellation and requests for refund must be in writing and addressed to the Registrar. Not attending a class does not constitute a formal withdrawal from a course. You must complete a drop card in the Registrar's Office (located in room 40 Schwarz Hall) to formally withdraw from a course. Otherwise you may receive a failing grade in the course for non-attendance.
