DisburseRefund

Students are required to maintain regular and consistent attendance in all classes. Financial aid disbursements will be calculated on the student’s class attendance. Students who stop attending class, drop out, or officially withdraw may owe money back to the federal financial aid programs or other scholarship or loan programs. Students should follow the procedures printed in the University catalogs for formally withdrawing from the University. 

Refunds are defined as the portion of maintenance and/or tuition and University housing charges due as a rebate when a student drops, withdraws, or is expelled from the University. The amount of the refund is calculated by the Bursar/Financial Services. 

Federal law requires federal aid recipients to “earn” the aid they receive by staying enrolled in college at least half time. 

Students who withdraw prior to completing 60% of the term for which they received federal or state student aid may be required to return some or all of the aid they were awarded. 

Students are encouraged to keep careful student loan records. The University will notify students if the Bursar / Financial Services, or Office of Financial Aid returns loan funds to the Department of Education’s Direct Loan Program on the student’s behalf.   

  In a refund or return of federal funds, the student may owe additional funds to the University, the federal or state government, or other constituency. Students are encouraged to use caution in deciding to drop or withdraw from classes. 

Repeating classes, dropping classes, or withdrawing from the University may impact the student’s future financial aid eligibility, including Lottery Scholarship. Students should be familiar with the ETSU Financial Aid Satisfactory Academic Progress Standards. Contact your Financial Aid Counselor BEFORE repeating classes, dropping classes or withdrawing from the University.  

Students are billed for a return of federal funds owed to the University. The return of federal funds must be paid before any additional Federal Title IV aid is awarded to the student. Any unpaid amount will be subject to referral to a collection agency or assigned to the U.S. Department of Education. Additional costs for collection fees and/or attorney fees may be added. A hold is placed on all University records when the student owes a return of federal funds. The student is ineligible for any additional federal financial aid funds until the debt is satisfied.

Balance of Aid —Funds for Other Expenses

A Balance of Financial Aid is the money the student receives for education-related expenses, such as books and commuting expenses, after all direct costs have been paid to the University. Students wishing to receive their balance of financial aid refund on or before the first day of classes can enroll in direct deposit through self-service at GoldLink. Log into the secure area and select “Student Account” from the menu. Students who do not sign up for direct deposit will receive their balance of aid in the form of a check mailed to the student’s local mailing address on file at ETSU.

All Parent PLUS Loan refunds will be mailed to the borrowing parent by paper check after the student’s ETSU student account is paid in full each term.

Reserving your textbooks at East Tennessee State University is the best way to get the quality used textbooks you want… not to mention save yourself some time and money. Simply visit the ETSU bookstore online. Typically, your textbooks must be picked up no later than the first day of classes each semester.