Excess Financial Aid Refunds
If the total of all your financial aid is more than your direct tuition, mandatory fees, and Campus Shop deferred charges for the semester, you will receive an excess financial aid refund.Excess financial aid refunds are generally issued approximately four (4) weeks after the start of the semester.
Excess financial aid refunds will continue to be issued throughout the semester as funding is received from the Department of Education and GA Student Finance Commission.
- After the drop/add period and once attendance/enrollment is confirmed (approximately the second week of the semester), the U.S. Department of Education and/or the Georgia Student Finance Commission will electronically transfer funding to Savannah Tech to be applied to each student’s account.
- Once those funds are applied and each account is evaluated to determine the amount of refund due, a refund will be issued. Federal regulations allow the college 14 calendar days to issue a refund of excess financial aid.
- This means that STC will begin issuing excess financial aid refunds approximately four (4) weeks after the start of the semester.
Anticipated Excess Financial Aid Refund Schedule
Please note that the dates provided here are estimated and actual dates may be different. First-time borrowers under the *Direct Loan program will have a 30-day delay in the disbursement of Loan funds to the college.
|Financial Aid Schedule||Disbursed/Paid to Savannah Tech||Anticipated Excess Financial Aid Refund to Student|
|Fall 14 – miniterm||10/30/2014||11/12/2014|
|Spring 15 – miniterm||03/31/2015||04/13/2015|
*Effective fall 2014, Savannah Technical College will no longer offer Federal Direct Stafford Loans.