DISBURSEMENT FROM STUDENTS ACCOUNTS

  • Financial aid disbursements are distributed to the student approximately two weeks after the start of class.
  • When payments on a student's account exceed the amount of tuition charged, a refund would be issued in approximately two weeks after the date of that occurrence.

Financial aid disbursements, overpayments, or loan disbursements will refund however the payment is made.  If paid by cash or check, a check will be issued.  If paid by debit or credit card, a refund back to the card used will be made.  All checks will be mailed to the address on file, unless the student has signed up for direct deposit.  Direct deposit provides an electronic refund to the bank account of the students choice.  It is important to keep student address and bank account information up to date to avoid any delays. 

 

Refunds will be determined based on the length of the course and the withdrawal date.  Students who withdraw after the refund date will not receive a refund. 
 
*Refund period refers to the number of calendar days beginning with the first day of the Carl Sandburg College term. Courses with shorter terms begin with the appropriate term date.

LENGTH OF CLASS

  • 9-16 week classes a 100% refund is available if the student withdraws before the 9th calendar day of the term. 
  • 5-8 week classes a 100% refund is available if the student withdraws before the 5th calendar day of the term.
  • 4 week classes a 100% refund is available if the student withdraws before the 3rd calendar day of the term.
  • 2-3 week classes a 100% refund is available if the student withdraws before the 2nd calendar day of the term.
  • Less than 2 week classes a 100% refund is available if the student withdraws prior to the first calendar day of the term.

  **Community Education courses dropped the day before class starts receive a 100% refund.

FINANCIAL AID NOTICE FOR STUDENTS WHO DROP PRIOR TO COMPLETING 60% OF THE TERM

Students who do not attend 60 percent of the semester and who have received Federal Financial Aid (Pell Grant, SEOG, Direct Loans) to pay tuition, fees, or other intuitional costs, will be responsible to repay part of the monies received. If you fail to repay the funds, you will not be eligible to receive federal aid at any college or university. The College follows the federal requirements for repayment of Title IV funds. For more information about Losing Your Aid.
 

Student's who wish to have refunds automatically released to their bank account can Sign Up For Direct Deposit. Log in to your mySandburg account. Click on Student Menu under the Self-Service Menu. Click on My Account. Click on Sign Up For Direct Deposit to enter your banking information and agree to receive your funds electronically.