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. All 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. You may sign up for eRefund and have your Credit Refund directly deposited into a checking or saving account.
Changes in enrollment status, housing status, and program status may affect financial aid eligibility and credit refund amounts. 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 45 days to be processed.
Please note that any new charges or aid adjustments that are applied to your account after your credit refund has been issued are your responsibility to pay.
When will I receive my credit refund?
These are the initial credit refund disbursement dates for each of the upcoming terms:
Spring 2024: February 9th.
Summer 2024: June 7th.
Fall 2024: September 20th
Spring 2025: February 14th.
Summer 2025: June 13th.
Please note that financial aid will not be applied to your student account until after classes have started, so if you are only taking Time Two courses, your refund will not be available until approximately 2-3 weeks after your the start of your Time Two courses begins.
Refund checks after the initial disbursement:
If a credit balance appears on your account after the initial distribution date, due to a disbursement of additional aid, tuition being refunded, or some other account adjustment, a credit refund will automatically be issued within two weeks.
How will I receive my credit refund?
Refund checks will automatically be mailed to the permanent address of any student who does not sign up for direct deposit. Students may pick up their check at the Enrollment Center. Please verify your permanent address is correct prior to refunds being issued.
How to sign up for Direct Deposit.
Federal Direct Parent PLUS Loan
If a Federal Direct Parent PLUS Loan exceeds the student’s charges, the refund may be issued to the parent upon request.
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.