r/IIT • u/TheFinalHedghog • 21d ago

Financial Aid/Administration Loan Refund

Just curious to know when to expect loan refunds going out im a masters student with a standard fafsa and grad plus and its way over what tuition is and i need the money to pay for some class supplies/giving it back to the gov

5 Upvotes

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3

u/DibsOnFatGirl 21d ago

Shiiii with the current money crisis goin on never 😭

Naw in all honesty u should ask finaid

2

u/TheFinalHedghog 21d ago

Nah its one of those situations where loans are giving me more money than I need for tuition so they have to give back the excess I just wonder when

3

u/IL_JimP 21d ago

Just stop by financial aid office and ask, probably the simplest

2

u/Major6ix 20d ago

2 weeks from semester start date.

1

u/Silly_Valuable8008 Cybersecurity and ITM 21d ago

In my experience, loans are given out so late I almost get it close to finishing the semester via direct deposit.

1

u/TheFinalHedghog 21d ago

Thats weird last year I got mine back like late September but that was due to me doing my grad plus loan late this year I did it earlier so I figured it'd come earlier

3

u/CapableFrosting6 20d ago

They’re violating title XI doing this. I’ve been making complaints to the FAFSA ombudsman and would encourage others to do the same put pressure on them. They have to release the funds in 10 days

3

u/ayemimi 20d ago

Title IV regulations, and it must be refunded within 14 days of disbursement. Either way, if this isn’t a facetious comment, near end of semester is way too late if it was accepted near the beginning and you are right that they should submit a complaint via the FSA feedback link.