Douglas Olsen
Liberty University offers refunds to students in certain circumstances, such as course withdrawals, and in the form of financial aid disbursements. The timing of these refunds depends on various factors, including the type of refund, the method of payment, and the student's enrollment status. For example, students who withdraw from a course after the first week but before the end of the 7th week are eligible for a 50% tuition refund, while those who withdraw after the 7th week but before the 13th week will receive a 25% refund. Refunds for federal student loans are typically disbursed 21 days after the start of the sixth credit hour, and eligible credits are scheduled to be refunded within 4 business days after disbursements. Students can choose their preferred refund method through Liberty University's refund management provider, BankMobile Disbursements.
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What You'll Learn
- Liberty University issues refunds through BankMobile Disbursements
- Students can request a refund of initial payments if they drop their course(s)
- Refunds from credit or debit card payments are returned to the original payment card
- Students can request an early refund of up to $3,000 of the current anticipated credit
- Students withdrawing after 13 weeks are not eligible for a tuition refund
Liberty University issues refunds through BankMobile Disbursements
Liberty University offers refunds to its students in certain situations, such as withdrawal from courses or overpayment. The mode of the refund is through BankMobile Disbursements, a technology solution powered by BMTX, Inc.
The timing of refunds can vary depending on the specific circumstances and the type of aid or payment involved. Here are some key points regarding the timing of refunds:
- For federal student loans, disbursements typically occur 21 days after the start of the sixth credit hour (or the third credit hour for doctoral students). Eligible credits are then scheduled to be refunded 4 business days after disbursements. However, the university has up to 14 days to process these refunds.
- For students on clinical rotations, the number of weeks used to determine the tuition refund is based on the number of weeks attended before withdrawal, excluding any gap weeks.
- If a student withdraws from courses, the refund amount varies depending on when the withdrawal occurs. For example, withdrawing after the first week but before the end of 7 weeks results in a 50% tuition refund, while withdrawing after 7 weeks but before the end of 13 weeks results in a 25% refund.
- In the case of early refunds, which are approved refunds of anticipated credit, these are released on the first day of class or rotations.
- Refunds from credit or debit card payments are refunded to the original payment card.
- If a student has a credit balance from federal aid, the refund must be issued to the student or returned to the U.S. Department of Education before the end of each academic year.
Choosing a Refund Method
Students have the option to choose their refund preference through BankMobile Disbursements. They can decide to receive their refund via direct deposit to a bank account or through a paper check. It's important to note that selecting "Hold my credit" authorizes the university to retain any excess federal aid for future charges, and in such cases, a refund will not be processed.
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Students can request a refund of initial payments if they drop their course(s)
Students at Liberty University who wish to drop their course(s) can request a refund of initial payments, provided they follow the outlined procedures and adhere to the specified deadlines. It is important to note that the refund policy and procedures may vary depending on the specific program and circumstances.
The refund policy at Liberty University states that eligible credits are typically refunded within 4 business days after disbursements. However, the university has up to 14 days to process refunds, as permitted by the U.S. Department of Education. Students should be aware that certain fees, such as the late Financial Check-In fee, Payment Plan Participation fee, and Returned Payment Processing fee, are not covered by Title IV federal aid, and they will be responsible for paying any remaining balance even after a refund has been processed.
For students receiving Veteran Readiness and Employment (VR&E) benefits, there may be an additional delay in invoicing of 2-3 weeks after the D sub-term add/drop period each semester. This delay is due to the timing of receipt finalization from the online bookstore by the Office of Military Affairs.
In the case of federal student loans, disbursements generally occur 21 days after the start of the sixth credit hour, or the third credit hour for doctoral students. Students with a credit balance on their account due to loans or overpayment will receive their refund through BankMobile Disbursements, a technology solution powered by BMTX, Inc. Students have the option to choose their preferred refund method through the BankMobile Disbursements website.
If students have a credit balance from federal aid on their account, they can choose to either receive a refund or authorize Liberty University to hold the credit balance for future charges. This authorization is given by selecting the "Hold my credit" option. However, it is important to note that if a student chooses to hold the credit, they will not be able to process a refund for that federal aid disbursement.
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Refunds from credit or debit card payments are returned to the original payment card
At Liberty University, eligible credits are scheduled to be refunded within 4 business days of disbursements. However, the U.S. Department of Education allows schools up to 14 days to process refunds. Liberty University delivers refunds via BankMobile Disbursements, a technology solution powered by BMTX, Inc.
Students can choose a refund option from the university's refund management provider, BankMobile Disbursements. If a student has a credit balance from federal aid on their account, the refund must be sent to the student or returned to the U.S. Department of Education before the end of each academic year. The parent borrower will receive the refund by mailed paper check unless they complete a Federal Direct PLUS Loan Change Form, which can be found in the student's ASIST account under the Financial Aid tab. This form allows the parent borrower to request that the refund be sent to the student's account or to request a reduction of the loan to cover only the student's account balance.
For credit balances not made up of federal aid, students may submit a refund request to the Student Accounts Office. Refunds from credit or debit card payments will be returned to the original payment card. It is important to note that some charges, such as the late Financial Check-In fee, Payment Plan Participation fee, and Returned Payment Processing fee, cannot be paid using Title IV federal aid (including Pell Grants and federal loans).
Additionally, students should be aware that the timing of refunds may vary for certain programs or circumstances. For example, invoicing for Veteran Readiness and Employment (VR&E) benefits will begin after the D sub-term add/drop period each semester, and there may be an additional delay of 2-3 weeks if the student is also using an Online Student Book Voucher, as this depends on when the Office of Military Affairs receives finalized receipts from the online bookstore.
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Students can request an early refund of up to $3,000 of the current anticipated credit
Students at Liberty University's College of Osteopathic Medicine (LUCOM) can request an early refund of up to $3,000 of their anticipated credit. This is an option for student-doctors who are in good academic standing and have completed their Financial Check-In (FCI). The early refund, if approved, is released on the first day of class or rotations. Students should be aware that if the anticipated aid is not received or credited to their account, they are responsible for repaying the advanced funds from other sources.
To apply for an early refund, students must complete the Early Refund Request form. This form can be found in the Academic Catalog under policy 3.5. It is important to note that this policy also outlines eligibility for tuition refunds for student-doctors who withdraw, take a leave of absence, are suspended, or are dismissed during a semester. These refunds are based on the date of withdrawal.
The refund process at Liberty University is typically scheduled to occur 4 business days after disbursements. However, the university has up to 14 days to process refunds as permitted by the U.S. Department of Education. Refunds are delivered via BankMobile Disbursements, a technology solution powered by BMTX, Inc. Students can choose their preferred refund option through this platform.
For credit balances not made up of federal aid, students may submit a refund request to the Student Accounts Office. Any refund from credit or debit card payments will be returned to the original payment card. It is important to note that some fees, such as the late Financial Check-In fee and the Payment Plan Participation fee, cannot be paid by federal aid.
Additionally, Liberty University outlines specific procedures for refunds related to parking registration and the Barbri fee. Refunds for parking registration must be requested through LUPD, and there will be no refund for withdrawals from the Barbri fee after the end of the first week of classes.
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Students withdrawing after 13 weeks are not eligible for a tuition refund
Liberty University offers refunds to students in certain circumstances, such as when there is a credit balance on their account due to federal aid or other sources. However, it's important to note that the university has specific policies and deadlines regarding refunds, particularly in the case of student withdrawals.
For students enrolled in the Liberty University School of Law, withdrawing from a course will result in the proration of all loans and scholarships based on the total number of days of attendance. It's important to be aware that having sufficient financial aid to cover charges at the beginning of the semester does not guarantee that financial aid will fully cover charges upon withdrawal.
The university provides a tuition refund schedule for students of the College of Osteopathic Medicine. According to this schedule, a student who withdraws from all courses during the first week of enrollment is eligible for a 100% tuition refund. The refund percentage decreases as time passes. Withdrawing after the first week but before the end of 7 weeks results in a 50% tuition refund, and withdrawing after 7 weeks but before the end of 13 weeks leads to a 25% tuition refund. However, it is clearly stated that a student who withdraws after 13 weeks is not eligible for a tuition refund.
The withdrawal deadline for undergraduate residential courses is typically around the 11th week of the semester, and students can withdraw from online courses until the final day of class. When a student withdraws, all billing hours remain on their account, and no refund is issued. A "W" grade is posted on the transcript, which cannot be altered or removed. This grade does not impact the student's GPA but could influence future financial aid awards.
It's worth noting that the timing of refunds also depends on federal student loan disbursements, which typically occur 21 days after the start of the sixth credit hour (or the third credit hour for doctoral students). Eligible credits are scheduled to be refunded within 4 business days after disbursements, but the university has up to 14 days to process refunds.
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Frequently asked questions
Refunds are issued 4 business days after disbursements. The U.S. Department of Education allows universities up to 14 days to process refunds. Liberty University delivers refunds with BankMobile Disbursements, a technology solution powered by BMTX, Inc.
Students who withdraw after the first week but before the end of 7 weeks will receive a 50% tuition refund. Students who withdraw after 7 weeks but before the end of 13 weeks will receive a 25% tuition refund. Students who withdraw after 13 weeks are not eligible for a tuition refund.
You may request a refund of your initial payments (excluding non-refundable fees) by emailing [email protected].
If a refund has been paid from a student loan credit balance, the student can pay the refund to the applicable student loan servicer. Student loan servicer information can be found on the National Student Loan Data System (NSLDS).
Student-doctors at Liberty University College of Osteopathic Medicine (LUCOM) can request an early refund of up to $3,000 of the current anticipated credit on their account. To be eligible, students must be in good academic standing and have completed Financial Check-In (FCI). Upon approval, the early refund will be released on the first day of class/rotations.
