Tiffin University
Refund
Check Policy
Refund checks to students are paid as a result of a credit
balance on a student’s account. This credit balance may result from an
overpayment by the student on their account or by financial aid funds such as
grants, outside scholarships and loans applied to the student’s account.
Note: Tiffin University
grants and/or scholarships (including athletic grants), can be used only for tuition
and on-campus housing charges. Therefore, you cannot
receive a refund if the University grants and/or scholarships are creating the
credit on the student account.
The University prints a credit balance refund check after a
credit shows on a student’s account and after financial aid funds are received
from the appropriate financial aid programs. These programs may include
student loans and Federal grants. Refunds
can be issued only after all documents have been submitted and verification, if
required, completed.
Credit balance refund checks
are issued only on Friday’s
and will be mailed to the student’s permanent address on file with the
University. Please see below when refund checks will be issued for the
various programs at Tiffin
University.
·
Traditional Students – Refund
checks will be issued after 2 complete weeks of coursework have been completed
for the semester.
Graduate Students -- Refund checks will be issued after 3 complete weeks of coursework have been completed for the semester.
·
Degree Completion Students – Refund
checks will be issued after 14 days of coursework have been completed for each semester.
· Ivy Bridge College Students -- Refund checks will be issued after 4 complete weeks of coursework have been completed for the semester.
Students should allow at least 3 to 5 business days for
refund checks to arrive. If a student refund check is not received in 14
business days a stop payment and reissue of the funds can be done. The
student will not incur a reprocessing charge. If the reissue happens prior
to 14 business days the student will be charged a reprocessing fee of $35 and
the check will be reissued. Students who fail to maintain/update their
permanent address will be charged the reprocessing fee of $35 if a check has to
be reissued due to an incorrect mailing address.
ATTENTION
STUDENTS: If you incur expenses prior to receiving your
credit balance refund, you must cover these costs yourself until your financial
aid refund is available. Tiffin
University does not offer institutional loans or pay for expenses such as rent,
utilities, car expenses, etc., you must plan ahead and budget for these
expenses. Checks will not, under any
circumstances, be mailed overnight or priority to cover student expenses.
Students receiving unexpected or unwanted refund checks or
questions in general regarding refund checks should contact the Financial Aid
Office immediately, 1-800-968-6446, ext. 3279.