You have a credit balance whenever your account has an overpayment, either because your total aid exceeds your charges, or because you receive aid after you have paid your bill.
Any credit balance will be issued to you as a rebate check that you can use for books and out-of-pocket educational expenses. The Bursar’s Office cannot start disbursing rebate checks for credit balances until 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.
For up-to-date information about your rebate check status, call the Bursar's 24-hour Rebate Express Info Line at 410-704-4716.
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 financial management, visit TU's Money Attitude page.
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.