Online education is increasingly popular and online schools are gaining academic recognition all around the world. Online schools, like traditional schools, now provide refund checks to students who enrol in their schools.
Many students apply for financial assistance from the institution of their choice in order to attend college or university without drilling a hole in their pockets. Students are often granted more financial aid than they require to cover their tuition fees. This is where refund checks come in. Students can use refund checks to purchase laptops, academic supplies, and other necessities. This is one of the reasons a refund check is of great value.
However, if you are wondering what a refund check entails and how to go about it, then it’s good you are here. This is because this article would show you all you need to know about refund checks, how they work and the best online colleges that give big refund checks.
So, if you’re looking for the best online colleges that give big refund checks, let’s dig in!
Read also: Top 8 Best Online Colleges that Accept FAFSA
Refund Checks and How They Work
A refund check is part of an academic financial aid package, and it’s the money left over after you’ve paid off your loans and other tuition costs. It is a great way to sort out financial issues that arise in a student’s academic journey.
For example, if a semester’s tuition costs $5,000, you might be accepted for $6,000. If you take the entire $6,000 loan, the school will give you a $1,000 refund check for the difference. In basic terms, this is what a refund check is!
It’s also worth noting that you’ll have to repay the money with interest, which will add up over time. Remember that student aid (refund checks) is meant to be spent on educational resources like books, computers, and other learning aids. As a result, they should never be used for anything other than education.
How Schools Provide Refund Checks
There are nearly three methods via which colleges issue refund checks. These, however, are dependent on the learner’s needs and preferences. These methods are noted below:
- Paper Check
This is one of the most basic means to obtain a refund check. This is sent to the student via mail, and they must supply their mailing address.
- Direct Deposit Options
Another option for receiving refund checks is through direct deposit, which is dependent on the needs of the students. In this instance, students must contact their financial service or a bursar’s official to enrol.
- Mobile Disbursement
Mobile disbursement is technologically advanced and a faster method of payment. In this instance, students have the option of making an electronic deposit. Students can select between a digital Bank mobile checking account and an FDIC-insured checking account tailored to students. There are almost 55000 fee-free ATMs.
Tracking Students Loan Refund Checks
To assist in tracking students loan refund checks, the US Department of Education provides financial assistance and sends the necessary information to your institution. When you choose an online school that provides refund checks, your school will evaluate the cost and accept it. The report displays how much money is being spent and how much money is left after all of the mandatory dues have been paid.
Even though the money is paid by the Department of Education, your school will handle any returns. As a result, you can check the progress of your refund via the online financial aid portal at your school. Every step of the way, the portal gives updates. To see if your money has been paid out, go to the financial aid section of the portal after logging in.
Students can also view all transactions related to their loans and grants. If you choose direct deposit, the money will be sent immediately into your account once the money has been reimbursed through the school portal. The time it takes your bank to complete an instant deposit is dependent on the time of day.
Online Colleges That Give Big Refund Checks
Some online schools provide huge refund checks to ensure that students can cover their unexpected expenses, such as purchasing a laptop or other academic resources. The following colleges give big refund checks:
The Higher Learning Commission (HLC) has approved Walden University as an online university. The university is a well-known online university that offers refund checks and laptops to students, alumni, employers, and other members of the academic community.
The university offers students the option of getting their refund in the form of a paper check or by direct deposit every semester (first week of each semester).
The University of Phoenix is a top university that welcomes students with a wide range of educational ambitions, from first-time registrants seeking an associate degree to those pursuing a master’s degree in their field of study.
If they qualify, students can also earn refund checks and laptops from the University of Phoenix. The student has the option of receiving refund checks in the mail or direct deposit, whichever they choose.
The payment and computers are supplied to the student within 14 days of his or her return to school.
Saint Leo University is one of the high-ranked universities in Florida. It is the largest of Florida’s four Catholic higher education institutions and one of the oldest Catholic colleges.
Students can get their refund via paper check, direct transfer, or money into their BankMobile account at Saint Leo University.
You will receive your funds around 14 days after your financial aid payment is disbursed if you set up a BankMobile account. BankMobile may take an extra one to two days to process your payment. A physical check will be mailed to your address on file if you do not create a BankMobile account. After the funds are disbursed, Saint Leo University will retain the check for 21 business days before mailing it to you.
The school’s mission is to truly live out the rich Catholic values both as individuals and as a group and this has remained constant since its establishment.
Purdue University is well-known for its flexible online learning opportunities. This accredited online university offers a customized online education that is tailored to the unique needs of adults with work or life experience outside of the classroom, allowing them to develop critical academic and professional skills while receiving the support and flexibility they need to achieve their career goals.
Refund checks are gotten through paper checks or direct deposits. It will then take 7 to 10 days for a direct deposit refund, or 10 to 15 days for a paper check refund.
Accredited by the Higher Learning Commission, Capella University is an online university that offers PhD, professional doctorate, master’s, and bachelor’s degree programs to adult learners.
Students can also receive refunds from Capella University. Students must choose between receiving a paper check or receiving a direct deposit refund.
It takes roughly ten working days to receive a direct deposit refund and approximately 14 days to receive a check refund once the student loan has been released and all outstanding school expenditures have been cleared.
Ashford University’s objective is to offer a way for adult learners to obtain a quality college education through online, flexible degree and certificate programs, as well as to provide a friendly community and fertile ground for academic, financial, mental health, and career support.
Refunds are also available to students enrolled in an Ashford University program. Depending on the student’s desire, there are two forms of refunds available: paper check or direct deposit.
Ashford University, as one of the online universities that offers refund checks and computers, will process and mail your refund through Tuition Management Systems, a third-party organization (TMS). It takes about three working days for your refund check credit to post in your account.
Bethel University offers online and professional learning opportunities. Bethel University prepares men and women for careers in leadership, scholarship, and service. It is one of the online institutions that provides refund checks and laptop computers to students enrolled in one of its online programs.
To ensure that everyone has the opportunity to acquire a high-quality Christian education, online students receive refund checks and laptops. Online programs in nursing, business management, organizational leadership, and Christian missions are among the most popular.
They prepare graduates to serve in strategic roles for the renewal of minds, the living out of biblical truth, cultural transformation, and gospel advancement.
Moravian University, founded in 1742, offers students a private education that they won’t find anywhere else: one-on-one attention and life preparation, backed by a track record of success that spans the nation’s history.
Moravian University is both selective and accessible, having pioneered the concept of education for all.
Another online college that permits students to receive check refunds is Moravian College. Each new student is also given a free Apple MacBook Pro and iPad, which they can keep after they graduate.
VCSU is a top public regional university in the Midwest, with over 65 undergraduate programs in art, business, communication arts, computer system,s and software engineering, language, and literature among others.
Valley City State University also provides students with check refunds as soon as their debts are paid off. In addition, the university engages in a laptop program that provides new laptops to all full-time students.
The American National University, which has campuses in Tennessee and Kentucky, was founded in 1886. Individuals seeking to advance their professions can take advantage of the university’s distance education and blended learning certificate and degree programs.
Adult students at American National University can expect high-quality programs in career-oriented areas that will provide them with the skills they need to succeed in today’s changing industry.
Refund checks are provided for the benefit of online students and to attract even more people to enrol in ANU’s online programs.
Frequently Asked Questions on Online Colleges that Give Big Refund Checks
Ques.: Does FAFSA send school refund checks via email?
FAFSA may issue you a refund check based on the amount of financial aid you received. Prior to the money being received, tuition and other costs must be paid. Most students who are qualified for refund checks received them within a few weeks of the start of the semester.
Furthermore, not every student receives the same amount of funding. The value of a return check might range from a few hundred dollars to thousands of dollars.
Ques.: How do you figure out how much money you’ll get back in your refund check?
Deduct the total sum paid to the university for the academic program from the program’s real cost. This will tell you how much money you should expect in your refund check.
Ques.: When will my college refund check arrive?
It’s crucial to know when the college will issue refund checks. Surely, these checks will be available once all university debts have been settled. A schedule for the distribution of refund checks can be found on the university’s notice board and in another financial circular.
In conclusion, refund checks are a great way to ease a student’s financial burden. Hence, we hope we have made your search for the online colleges that give big refund checks easier. You can also visit the school’s website for more information.