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 record notation.  Financial Aid needs to be finalized and applied to a student’s account before the Credit Refund can be issued.  Sign up for eRefund and have your Credit Refund directly deposited into a checking or saving account.

• Earliest Credit Refund for Summer 2013 – Credit refunds will be available for the first time on May 31st, 2013 for Summer Session 1 and 3.  Summer session  2 credit refunds will be available on July 19th, 2013.

• Earliest Credit Refund for Fall 2013 - Fall credit refunds will be available for the first time on October 1st.

• Earliest 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.

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

Effective September 2011

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

Students who withdraw from Augsburg College may be eligible for a refund of a portion of their charges based on the refund schedule below. This refund is based on the percentage of calendar time remaining on the date of the student’s official withdrawal from classes. 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 be adjusted. (Please noted 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.