Disbursement & Refund

Financial Aid

  • The "disbursement date" is the earliest possible date funds may be applied to your student account.

  • All course contracts must be approved and accepted with Registrar prior to releasing any financial aid funds to the Business Office.

  • Aid is released no sooner than the first block for which a student is enrolled.

  • While the Business Office waits on your financial aid funds to cover your charges, students and families should plan appropriately for other expenses.

  • When funds arrive, your eligibility will be re-verified and the payment will be posted to your account. (Third party funding [i.e. outside scholarship checks] will be paid according to sponsor instructions.) Once your charges are paid in full, the Business Office will generate a refund for any excess. Parents who are using a Federal Direct PLUS Loan have the option on the PLUS application to direct any excess loan proceeds to either the parent borrower or directly to the student. 

  • Refunds are processed through a third party service. You may choose between three methods: ACH, paper check or prepaid card by going to Refunds. If you are expecting a refund and have not received if after the term has started, please contact us.


For information and tips on calculating and paying for your education, visit the link below. 

Costs and How to Pay

 

For more information regarding Withdrawal Policy, Refunds, and Title IV Funds, please visit the below link or contact the Financial Aid Office:

Withdrawals, Refunds, and Title IV Funds

Financial Aid Office: (928) 350-1111 or finaid@prescott.edu

 

Spring 2020 Earliest Date Refund is Available

For students whose 1st class begins 1/14/2020 (start of term, orientation, and Block A)

1/10/2020

*All course contracts must be approved and accepted by the Registrar prior to releasing any financial aid funds to the Business Office.

For students whose 1st class begins 2/18/2020 (start of semester)

2/14/2020

*All course contracts must be approved and accepted by the Registrar prior to releasing any financial aid funds to the Business Office.

For students whose 1st class begins 3/16/2020 (Start of Block B)

3/13/2020

*All course contracts must be approved and accepted by the Registrar prior to releasing any financial aid funds to the Business Office.

Summer 2020 Earliest Date Refund is Available

For students whose 1st class begins 5/18/2020 (start of term, Block 1, and Block A)

5/15/2020

*All course contracts must be approved and accepted by the Registrar prior to releasing any financial aid funds to the Business Office.

For students whose 1st class begins 6/15/2020 (start of Block 2)

6/12/2020

*All course contracts must be approved and accepted by the Registrar prior to releasing any financial aid funds to the Business Office.

For students whose 1st class begins 6/29/2020 (Start of Block B)

6/26/2020

*All course contracts must be approved and accepted by the Registrar prior to releasing any financial aid funds to the Business Office.

For students whose 1st class begins 7/13/2020 (Start of Block 3)

7/10/2020

*All course contracts must be approved and accepted by the Registrar prior to releasing any financial aid funds to the Business Office.