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There are many forms of financial help offered to enrolled undergraduate and graduate Excelsior students. To be considered for many of the options listed below you must complete the United States Department of Education’s Free Application for Federal Student Aid (FAFSA). With it and along with a study plan and course approval, you can work with your Excelsior College financial aid advisor to determine the best options for you. The process may take up to several weeks. Your advisor will keep you apprised of the status of your financial aid application.
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Financial Aid by Program
On or about the mid-point of the term you are attending, your Federal financial aid awards (loans and grants) are credited to your student account and automatically deducted from your institutional charges such as tuition and fees. If the amount of financial aid awards exceeds your charges for the term, the bursar's office will refund a check for the credit balance unless you choose to keep the balance on your account. If you are entitled to a credit balance refund, you can expect a check in the mail approximately two weeks after your financial aid has been credited to your account. Please make sure that the address you have on file with the office of registration is accurate.
If you completely withdraw from all your courses and received Federal Student Aid, you are subject to having all or part of your financial aid returned to the appropriate financial aid programs. If you withdrew prior to 60% of the enrolled period elapsing, a pro-rated schedule determines how much Federal Student Aid funds were earned at the time of withdrawal. Please see the Excelsior College Student Policy Handbook (PDF) for complete refund procedures as outlined in the course withdrawal section.