Financial Aid, Anticipated Aid, and Refunds
The Financial Aid Office processes awards under one of two general conditions. Awards that can immediately be applied to your account, “real” awards, and Anticipated Aid, meaning the awards are expected but the conditions have not yet been met to qualify for their passing to your student account as usable credits. Both the immediate or “real” and the Anticipated Aid will reduce the amount owed for your tuition and fees. The Anticipated Award will either become "real" when all eligibility requirements are met or may be removed from your account. Please check your account at One.IU where both types of awards can be viewed on-line in real-time. You also will be able to see details that explain reasons your aid may not have passed to your student account and what you can or should do about it.
One.IU will also allows you to see if your aid has passed to your student account and has resulted in a credit on your student account. If aid has passed to your student account, your account will show each award as a credit under the Financial Aid heading, taking the place of the anticipated aid entries. If the aid is still anticipated, you will see this under the Anticipated Aid heading on your student account. If not passed, please check with Financial Aid for details. (Awards that have not passed will not be available to your student account and cannot be calculated as part of a refundable amount).
All current costs such as tuition and fees will be paid first. You will be refunded any financial aid money that remains after your bill is paid. If you do not receive your expected aid, you are still responsible for the outstanding fees due. Refund processing of excess financial aid will begin 1/18/2017. In order to purchase books at the Barnes and Nobles bookstore on campus before classes start you must first obtain your RedHawk Card, specific dates and requirements apply. For specific details, please see the RedHawk Card website at www.iun.edu/redhawk-card.
If you are eligible for financial aid but do not plan to complete the semester, you must withdraw from your semester classes. Otherwise your fees will be paid by your financial aid, your enrollment will be validated, and you will receive failing grades in all registered classes. Financial aid recipients who reduce their enrollment may be required to repay their financial aid. Contact a financial aid counselor before adjusting your class schedule.
If your credited financial aid exceeds the amount due on your account, the excess credit may qualify for refunding. Once your refundable credit is approved for refunding, you will see a refund entry on your Student account. Refunds will be sent directly to your checking or savings account if you have set-up Direct Deposit or a check will be mailed to your address on file with the registrar. You should generally allow 3 to 4 business days from the refund date to allow the Direct Depositing transactions to occur, however for Direct Deposits you should check with your banking institution to confirm that the credit appears on your bank account and also what days are considered business days because of the holidays. If you are setup with Direct Deposit, Office of Student Accounts will notify you via your University e-mail address when a refund has been sent to your banking institution. For deliveries of checks by mail, reasonable time should be allowed for the US Postal delivery.
The Registration Agreement
When you register, the University reserves specific class spaces for you and commits resources to provide the instruction you have selected. On your part, you assume the responsibility for paying the assessed fees or for notifying the University if you decide not to attend. The availability of courses is subject to change. A section may be cancelled due to low enrollment or departmental staffing considerations. The department canceling a class will notify registered students.