Louisiana Tech University - Financial Aid - FAQs: Refunds of Financial Aid
  • Apply Now!

FAFSA Online

School Code:  002008

 

Frequently Asked Questions

FAQS

 

Financial Aid Glossary

Glossary

FAQs: Refunds of Financial Aid

 

Return to FAQ Index

 

Will a refund from a PLUS loan be given to the parent or the student?
A letter is sent to the parent asking how they would like the refund disbursed. The refund can either be mailed to the parent or refunded as a credit the student's account. If the PLUS Loan disbursement is received and the student still owes a balance, the balance will be paid by that disbursement and any refund will be credited in the manner the parent requested.

Top

If I drop a class, will I have to pay any of the financial aid back that I received?
If you have already received grant monies and drop your class(es), which changes your enrollment status, you will be in repayment of certain grants. If you completely withdraw from the University or stop attending prior to completing more than 60% of the enrollment period, you will be required to repay a percentage of the financial assistance that you have received for the enrollment period to the U.S. Department of Education. In addition, you may owe the college additional funds that were initially credited to your account but have now been returned to the federal government by the institution.

Top

If I resign today, will I owe any money back? If so, how much will I owe?
If you completely withdraw from the University or stop attending prior to completing more than 60% of the enrollment period, you will be required to repay a percentage of the financial assistance that you have received for the enrollment period to the U.S. Department of Education. In addition, you may owe the college additional funds that were initially credited to your account but have now been returned to the federal government by the institution.

Top

If I only attend part-time, how will my aid be affected?
Pell Grant: Your Pell Grant is always based on the number of hours in which you are enrolled. Usually you will still receive a portion of your Pell based on part-time enrollment; however, if your original Pell was very low based on full-time, you may not receive any at less than full time.

SEOG: Your SEOG should not change from your original award if you are part-time.

LEAP: You must be enrolled full time to receive and keep your LEAP.

Perkins Loan: You may receive your Perkins loan funds at part-time enrollment and even less than half-time, but if you are enrolled less than half-time, you will be put in repayment by the Comptroller's Office in compliance with federal rules.

Stafford Loan: You may receive your Stafford loan funds at part-time enrollment if you are enrolled at least half-time (4 hours as an undergraduate student or 3 hours as a graduate student).

Top

I was reported as never attending class. However, my instructor made a mistake. What can I do about it?
Contact your instructor and have a letter written to Financial Aid saying that you did attend the class in question. Be sure that the specific class and quarter are in the correspondence.

To have your Pell reinstated you must have this letter to Financial Aid by the end of the academic year in question, which is Summer.

Top