Tuition and Credit Refund Policies

Credit Refund Policy

Augsburg students may be eligible to receive a credit refund if their financial aid exceeds tuition and fee charges for a term.  Credit Refunds are issued within two weeks after the last day to drop courses without recorded notation.  Financial Aid needs to be finalized (You can verify your financial aid status online through Track Your Financial Aid) and applied to a student’s account (Check your Transaction History online to verify all of your financial aid has been applied to your account and nothing is left pending) before the Credit Refund can be issued.  Sign up for eRefund and have your Credit Refund directly deposited into a checking or saving account.

  • Credit Refund for Fall 2013 - Fall credit refunds will be available for the first time on October 1st.
  • Credit Refund for Spring 2014 - Spring credit refunds will be available on February 7th, 2014.

Changes in enrollment status, housing status, and program status may affect financial aid eligibility and credit refunds. Students who are enrolled less than half-time (less than 6.0 credits for undergraduates, less than 3.0 credit for graduates) may not be eligible for financial aid; however, students may apply for private alternative loans. Registration changes made from the first week of the term through midterm may require a return of financial aid funds. Students who drop courses may receive a tuition refund, but some forms of financial aid may have to be adjusted before a refund will be available. Financial aid return of funds may take up to 30-45 days to be processed.

How will I receive my credit refund? 

  • Sign up for Direct Deposit. If you create a direct deposit account through your Augnet student account, funds will be deposited directly into your designated bank account any time a credit balance appears on your student account due to an aid disbursement, overpayment, tuition refund, bookstore account credit, or a returned housing deposit. Sign up now
  • Refund Checks Mailed. Refund checks will automatically be mailed to a student’s permanent address if they do not sign up for direct deposit. Students may no longer pick up their check at the Enrollment Center. Please verify your permanent address is correct prior to refunds being issued.

Do I have a credit refund?

Check your Account Activity in AugNet Records & Registration to see if a “Credit Refund” is posted to your account.

Can you keep my credit on my student account?

Students can request that we hold their credit refund through the online Authorization to Hold a Credit Refund form.  Please note, that request can take 2-3 business days to process.  Students can provide a date when their authorization expires.  Refunds will be issued within 14 days of the authorization expiring.  Students can request to remove their authorization by e-mailing studentfinances@augsburg.edu.  We cannot hold refunds past the end of the academic year.

Refund checks after the initial disbursement:

If a refund is available after the initial distribution date, due to the receipt of additional aid, changes in registration, or other account adjustments, refunds are issued on Fridays.

If you have any questions regarding our refund policy, please contact the Office of Student Financial Services at 612-330-1046 or email us at studentfinances@augsburg.edu.

TUITION REFUND POLICY

Refund Schedule for Day, Weekend, Graduate, Rochester and United Programs

Day Students, who drop or withdraw below 12 credits, and all other programs may be eligible for a refund of a portion of their charges based on the refund schedule below. This applies to all students who drop one or more courses during the term and/or withdraw from all courses in the term.

The refund schedule is effective whether or not a student has attended classes. Financial aid may need be adjusted, please see the information posted below about how/when financial aid may need to be refunded.  Please note that financial aid includes, but is not limited to Federal, State, and Institutional grants and loans.  It may take up to 30-45 days for tuition and possible financial aid adjustments to be finalized. If a credit balance remains on the student’s account, a credit refund will be issued at that time.

Financial Aid-Return of Aid Policy

Student’s must earn the financial aid they are awarded each semester.  A student can earn their aid by attending classes, or in the event of hybrid/online courses, be an active participant in the course.

Federal/State Aid Adjustments

Augsburg is required to return unearned federal/state aid for students who fully withdraw from their courses.  Student are eligible to keep more aid the longer they attend their courses.  After 60% of the term has passed, students are eligible to keep all of their federal/state aid.  See the dates below.  If you are planning to completely withdraw from your courses, please see a Student Financial Services counselor to determine what aid may need to be returned.

Institutional Aid Adjustments

Augsburg will return institutional aid for students who partially withdrawal or fully withdraw from courses if the student received.  If student’s withdraw from heir courses they will receive a 50% tuition refund and 50% of their institutional aid will be removed.  If a student withdraws after the last day to receive a tuition refund, there will be no adjustment to their institutional aid.

2013-2014

Fall Tuition Refund Policy

  • Full Term Classes: To receive a full refund, drop your course by 09/17/2013.  To receive a 50% refund, withdraw from your course by 10/17/2013. The last day for federal/state aid to be returned is 11/06/2013.
  • Times 1 Classes: To receive a full refund, drop your course by 09/11/2013.  To receive a 50% refund, withdraw from your course by 09/24/2013.  The last day for federal/state aid to be returned is 10/03/2013.
  • Times 2 Classes: To receive a full refund, drop your course by 11/04/2013.  To receive a 50% refund, withdraw from your course by 11/17/2013. The last day for federal/state aid to be returned is 11/28/2013.

Spring Tuition Refund Policy

  • Full Term Classes: To receive a full refund, drop your course by 01/27/2014.  To receive a 50% refund, withdraw from your course by 02/26/2014. The last day for federal/state aid to be returned is 03/13/2013.
  • Times 1 Classes: To receive a full refund, drop your course by 01/20/2014.  To receive a 50% refund, withdraw from your course by 02/02/2014. The last day for federal/state aid to be returned is 02/09/2014.
  • Times 2 Classes: To receive a full refund, drop your course by 03/10/2014.  To receive a 50% refund, withdraw from your course by 03/23/2014. The last day for federal/state aid to be returned is 04/02/2014.

Summer Tuition Refund Policy

  • Full Term Classes: To receive a full refund, drop your course by 05/23/2014.  To receive a 50% refund, withdraw from your course by 06/22/2014. The last day for federal/state aid to be returned is 07/14/2014.
  • Times 1 Classes: To receive a full refund, drop your course by 05/19/2014.  To receive a 50% refund, withdraw from your course by 06/01/2014. The last day for federal/state aid to be returned is 06/10/2014.
  • Times 2 Classes: To receive a full refund, drop your course by 07/14/2014.  To receive a 50% refund, withdraw from your course by 07/27/2014.  The last day for federal/state aid to be returned is 08/03/2014.

2014-2015

Fall Tuition Refund Policy

  • Full Term Classes: To receive a full refund, drop your course by 09/16/2014.  To receive a 50% refund, withdraw from your course by 10/16/2014. The last day for federal/state aid to be returned is (TBD).
  • Times 1 Classes: To receive a full refund, drop your course by 09/10/2014.  To receive a 50% refund, withdraw from your course by 09/23/2014.  The last day for federal/state aid to be returned is (TBD).
  • Times 2 Classes: To receive a full refund, drop your course by 11/03/2014.  To receive a 50% refund, withdraw from your course by 11/16/2014. The last day for federal/state aid to be returned is (TBD).

Spring Tuition Refund Policy

  • Full Term Classes: To receive a full refund, drop your course by 01/26/2014.  To receive a 50% refund, withdraw from your course by 02/25/2014. The last day for federal/state aid to be returned is (TBD).
  • Times 1 Classes: To receive a full refund, drop your course by 01/19/2015.  To receive a 50% refund, withdraw from your course by 02/01/2015. The last day for federal/state aid to be returned is (TBD).
  • Times 2 Classes: To receive a full refund, drop your course by 03/09/2015.  To receive a 50% refund, withdraw from your course by 03/22/2015. The last day for federal/state aid to be returned is (TBD).

Summer Tuition Refund Policy

  • Full Term Classes: To receive a full refund, drop your course by 05/22/2015.  To receive a 50% refund, withdraw from your course by 06/21/2015. The last day for federal/state aid to be returned is (TBD).
  • Times 1 Classes: To receive a full refund, drop your course by 05/18/2015.  To receive a 50% refund, withdraw from your course by 05/31/2015. The last day for federal/state aid to be returned is (TBD).
  • Times 2 Classes: To receive a full refund, drop your course by 07/13/2015.  To receive a 50% refund, withdraw from your course by 07/26/2015.  The last day for federal/state aid to be returned is (TBD).