Is your "Current Balance Due" a negative number? What does this mean?
In some instances, your "credits" (scholarship, grant, loan, and/or payment) might be larger than your "charges" (tuition, room, board, fees, etc.). If you see a negative number as your balance due, this is a "credit balance."
What are your options if you have a credit balance?
You can choose from the following:
- Reduce your loan(s) - send an email to the Financial Aid Office
- Leave the credit balance on your account - your credit balance can be used to pay current charges and/or will carry over and apply to the next term
- Receive a partial or full refund
- Go to the Cashier Window located on the first floor of Brokaw Hall during Week 1
- You can receive up to $500 of your credit balance
- Enroll in eRefund online in CASHNet
- Update your Federal Student Aid Authorization Form (the third option should be changed to "Do Not Authorize") and return it to the Financial Aid Office by email, fax, or mail.
- After you've enrolled in eRefund and updated your Federal Student Aid Authorization Form, refunds will processed by the Student Accounts Office after the completion of Week 2; typically refunds are processed by the end of Week 3 of the term