You have a credit balance whenever your account has an overpayment, either because your term aid exceeds your charges, or you receive aid after you have paid your bill.
You will receive any credit balance in a rebate check to use for books and out-of-pocket educational expenses. The Bursar’s Office begins to disburse rebate checks for credit balances no earlier than ten days before the first day of classes each term. If you receive a late aid offer, you may not receive a rebate check until at least three weeks after the creation of the credit balance. If you receive a revised aid offer, you may also experience a delay in receiving a rebate check.
You can obtain up-to-date information regarding your rebate check by calling the Bursar's 24-hour Rebate Express Info Line: 410-704-4716. Information is updated daily.
Using Your Rebate Money
By signing your Free Application for Federal Student Aid (FAFSA), you agreed that you would use financial aid solely for the cost of attending an institution of higher education. You can use your rebate check money for books, room and board expenses, transportation or personal expenses.
For information on personal finance, Towson University created the Money Attitude Web page.
NOTE: If you withdraw from the university you may have to repay all or part of your rebate. The Financial Aid Office determines the amount that you must repay using a formula from the U.S. Department of Education.
If you drop classes from your schedule during the Drop/Add period at the beginning ot the term, your tuition and fee charges will change. The Financial Aid Office will recalculate your financial aid for that term using the reduced costs. As a result, you may have to repay all or part of the rebate money you received for that term.
You can use "Form C: Course Load Change" from the Forms and Publications page to notify the Financial Aid Office of your reduced course load for a term.
8000 York Road | Towson, MD 21252 | 410-704-2000
