{"id":5286,"date":"2021-07-13T19:33:53","date_gmt":"2021-07-13T19:33:53","guid":{"rendered":"https:\/\/kwu.isinqa.com\/?page_id=5286"},"modified":"2022-08-10T19:20:00","modified_gmt":"2022-08-11T00:20:00","slug":"refunds","status":"publish","type":"page","link":"https:\/\/www.kwu.edu\/pay-for-college\/financial-aid\/applying-for-financial-aid\/refunds\/","title":{"rendered":"Refunds"},"content":{"rendered":"
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Refunds & Payment Plans<\/h2>\n\t\t\t\t\t\t\t\t\t
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Credit Balance Refund<\/h2>\n

If your total financial assistance award for the term is larger than your charges, the difference is called a \u201cCredit Balance.\u201d<\/p>\n<\/div>\n

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\u201cCredit Balances\u201d will be \u201crefunded\u201d to the \u201cAppropriate Party.\u201d\u00a0Here is an example, using round numbers:<\/p>\n\n\n\n\n
Example #1<\/td>\nTotal Charges for Term<\/td>\n–<\/td>\nFinancial Aid for Term<\/td>\n<\/td>\nBalance<\/td>\nTo be paid to:<\/p>\n

You, or if Parent PLUS loan was borrowed, to person designated by parent borrower in the PLUS loan application<\/td>\n<\/tr>\n

Credit Balance<\/td>\n$10,000.<\/td>\n–<\/td>\n$12,000<\/td>\n=<\/td>\n($2,000)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

What does \u201cAppropriate Party\u201d mean?<\/h4>\n

If your Parent borrowed from the Parent Loan for Undergraduate Students (PLUS) program, they will have designated whether the \u201cCredit Balance\u201d should be refunded to them (the borrower) or to you (the student). KWU will follow their designation. If there is no PLUS loan in your Financial Aid Award, the \u201cCredit Balance\u201d will be paid to you.<\/p>\n

Can I Use My Financial Assistance Award to pay for my textbooks?<\/h4>\n

If your total financial assistance award for the term is larger than your charges, you are entitled to a \u201cCredit Balance\u201d Refund. (See Credit Balance Refunds above.) You can use that planned credit balance to pay for your textbooks with a book voucher. The earlier you can obtain your textbooks, the better prepared you will be on your first day of class. Working during the Summer and saving your wages is a good way to order your books ahead of the semester. However, if you still would like to use a book voucher, please contact the Student Financial Planning Office in the K Dub Hub for more information about book vouchers.<\/p>\n

What if My Financial Assistance Award is NOT Sufficient to Pay ALL of my charges for tuition, etc?<\/h4>\n

Below is an example of this:<\/p>\n\n\n\n\n
Example #2<\/td>\nTotal Charges for Term<\/td>\n–<\/td>\nFinancial Aid for Term<\/td>\n<\/td>\nBalance<\/td>\nBalance Not \u201cCovered\u201d by Financial Aid<\/td>\n<\/tr>\n
Balance Owed<\/td>\n$12,000<\/td>\n–<\/td>\n$10,000.<\/td>\n=<\/td>\n$2,000.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

If you have a remaining balance of charges not covered by your \u201cFinancial Assistance Award, the\u00a0KWU Payment Selection Form\u00a0<\/a>is how you and your family indicate how you want to cover the remaining balance. It is included with your Award Letter, and a blank copy is available to download from the\u00a0KWU Registrar web page<\/a>.<\/p>\n

In short, the following options are available:<\/h2>\n

Pay the balance in full prior to the beginning of the term.<\/h4>\n

Due Dates:\u00a0\u00a0 Fall Term:\u00a0 August\u00a0 1\u00a0\u00a0\u00a0\u00a0\u00a0 Spring Term:\u00a0 January 1\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Summer Term:\u00a0 June 1<\/p>\n\n\n\n\n\n\n\n\n\n\n
We accept:<\/td>\n<\/tr>\n
Method of Payment<\/strong><\/td>\nWhere \/ How do you deliver this?<\/strong><\/td>\nNotes:<\/strong><\/td>\n<\/tr>\n
Cash<\/td>\nBusiness Office\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Pioneer Hall Room 185<\/td>\n8-5 PM<\/td>\n<\/tr>\n
Check,<\/p>\n

Cashier\u2019s\u00a0 checks<\/td>\n

Business Office\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Pioneer Hall Room 185<\/td>\n8-5 PM<\/td>\n<\/tr>\n
Mail to:<\/p>\n

Kansas Wesleyan University<\/p>\n

Attn:\u00a0 Business Office PH 185,<\/p>\n

100 East Claflin Ave,<\/p>\n

Salina, KS\u00a0 67401-6196<\/td>\n

<\/td>\n<\/tr>\n
ATM \/ Debit Cards,<\/p>\n

Credit Cards accepted:<\/p>\n

Mastercard,<\/p>\n

Visa or<\/p>\n

Discover<\/td>\n

Business Office\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Pioneer Hall Room 185<\/td>\n\u00a08-5 PM<\/td>\n<\/tr>\n
Telephone Business Office at 785-827-5541 to make a payment by phone<\/td>\n\u00a08-5 PM<\/td>\n<\/tr>\n
Online through your MyKWU Portal Account<\/td>\nYour MyKWU portal:<\/p>\n

In the section under\u00a0 Current Students,<\/p>\n

My Account Info,<\/p>\n

My Account Balances,<\/p>\n

Make a payment.<\/td>\n

<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Pay the balance by automatic debit from a checking or savings account.<\/h4>\n

See the Payment Selection form for the dates on which these four (4) equal installments are deducted each term. The First Due Date is Aug. 1 for the Fall term and Jan. 1 for the Spring term. The account must be paid in full at the end of the Semester. See the Special Fees Section of the current catalog for the ACH Payment Plan. This information is available on page 32 of the 2020\u201321 academic catalog<\/a>.<\/p>\n

There are these additional financial assistance programs, as well:<\/h4>\n

PARENT (PLUS) LOAN\u2014<\/strong>The Parent PLUS Loan is a\u00a0Federal Student Aid\u00a0<\/em>credit-based loan available to a parent of a dependent undergraduate student. For more information or to apply, the parent should complete \u201cPLUS Loan Application\u201d and \u201cSign Master Promissory Note\u201d at\u00a0www.studentaid.gov<\/a>. Parents need an FSA ID to apply for the PLUS loan. A parent who does not yet have an FSA ID, can\u00a0create one online<\/a>.<\/p>\n

ALTERNATIVE EDUCATIONAL PRIVATE LOAN\u2014<\/strong>Non-governmental\u00a0<\/em>credit-based loans for students, deferred for half-time or greater, and a six-month grace period after school before repayment begins. Apply for the entire year; funds are disbursed each semester. A co-signer is strongly recommended in general but required for freshmen or students with no\/low credit scores. Interest rate based upon credit.<\/p>\n

KWU does not endorse any particular lender, but a list of possible lenders is located\u00a0here<\/a>.<\/p>\n<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t<\/div>\n\n\n

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Financial Aid Resources<\/h2>\n\t\t\t<\/div>\n\t\t\n\t\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\tApplying for Financial Aid<\/span><\/a>\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\tAward Status<\/span><\/a>\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\tVerification<\/span><\/a>\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t
<\/div>\n\t\t\t\t\t<\/div> \n\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t\t<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":3625,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-5286","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"\nRefunds - Kansas Wesleyan University<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.kwu.edu\/pay-for-college\/financial-aid\/applying-for-financial-aid\/refunds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Refunds - Kansas Wesleyan University\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.kwu.edu\/pay-for-college\/financial-aid\/applying-for-financial-aid\/refunds\/\" \/>\n<meta property=\"og:site_name\" content=\"Kansas Wesleyan University\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-11T00:20:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.kwu.edu\/wp-content\/uploads\/our-campus-hero.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1150\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.kwu.edu\/pay-for-college\/financial-aid\/applying-for-financial-aid\/refunds\/\",\"url\":\"https:\/\/www.kwu.edu\/pay-for-college\/financial-aid\/applying-for-financial-aid\/refunds\/\",\"name\":\"Refunds - 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