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SUMMER 2009 Students will have financial aid credited to their accounts only if an award has been granted and the proper forms signed and returned to the Financial Aid Office. If fees are not paid in full by the financial aid credits, the balance must be paid before the fee payment deadline. If your Statement of Account/Class Schedule shows your fees are paid in full by financial aid (your balance due is ZERO or a CREDIT (CR) BALANCE), you must access RaiderNet to confirm that you will attend before the fee payment deadline or your class schedule will be deleted. If you are due a refund from financial aid credits, you should access RaiderNet to confirm you will attend by May 8 to insure that your refund will be processed. (See How do I confirm?) If you have a credit balance due to financial aid, if you have processed your confirmation on RaiderNet, if you are enrolled in 6 hours and enrolled in the Full or May terms, your refund will be direct deposited to your bank checking or savings account beginning on the first day of class. (See How do I get my Financial Aid Credit Balance Refund?). You also have the option of having all or a portion of your credit balance transferred to your current RAIDER FUND$ account. (See What is a RAIDER FUND$?) If you expect to receive financial aid for the term, but awards are not credited to your bill, contact the Financial Aid Office at (615) 898-2830 so that problems can be resolved before the fee payment deadline. You may also access RaiderNet to check your account balance to determine if an award or loan has been credited to your account after your bill was printed. If your balance is a zero or a credit, you should confirm you will attend while on RaiderNet.
Federal Stafford, PLUS, Perkins, and MTSU Loans You must be registered at least half time to be eligible to receive loan funds [six (6) undergraduate hours, five (5) graduate hours]. Any student passing less hours will be required to provide documentation of attendance from his/her instructors. Summer financial aid may be adjusted and a hold placed on fall aid until proper documentation is received. First-time borrowers and transfer students must complete an entrance interview before Federal Stafford loan funds can be credited to their accounts. A feature available on RaiderNet will allow first-time loan borrowers and transfer students to complete their loan entrance interviews online. If you have not had an entrance interview, be sure to complete this requirement to prevent your loan disbursement from being delayed. Do this as soon as possible after you apply for your loan. Bank Loans - Electronic Fund Transfer (EFT) Federal Stafford and PLUS loans are electronically transferred directly to MTSU. If your loan has been guaranteed, your approved Stafford or PLUS loan will show on your bill as Estimated Aid. You may still need to sign your master promissory note before your lender can send loan funds to MTSU. When Stafford and PLUS loan proceeds are received electronically from your bank (about three days before classes begin), your loan will automatically be transferred to your student account to pay Summer 2009 registration fees, provided you are registered at least half-time, have had your entrance interview, have made satisfactory academic progress, have no financial aid holds, and are otherwise eligible to receive the loan. If your loan has been credited to your account and your fees are paid in full by the loan credit (your balance is ZERO or a CREDIT), you must confirm that you will attend before May 8 at 4:30 p.m. or your class schedule will be deleted. Access RaiderNet to confirm your registration and get a confirmation number. (See How do I confirm?) If fees are not paid in full by the loan credit, the balance must be paid in full before May 8 at 4:30 p.m. The balance due can be paid by credit card or check card on RaiderNet or by coming to Business Office in the Cope Administration Building by 4:30 p.m. on May 8. What is Authorized or Memoed Aid? SUMMER 2009 If financial aid credits show on the bill you receive in May under the heading of Authorized or Memoed Aid (pending aid), these are estimates of the amounts of Federal Stafford or PLUS loans guaranteed, Perkins Loans, scholarships, grants, or awards that have been approved for Summer. The actual aid will not be credited to your account until immediately prior to the start of classes and/or until all required paperwork is completed. All MTSU Foundation loan borrowers must come in person and sign promissory notes before loan checks can be released. Confirm registration (and get a Confirmation Number) as soon as you get your bill, then come to the Business Office, Cope 101, to sign notes and endorse checks on the first day you attend class. All Perkins loan borrowers must have signed the disclosure statement for the pending disbursement before the loan will feed to their student accounts. The disclosure statement will have been mailed to the borrowers permanent address prior to the first day of classes. Authorized or Memoed Aid is for billing and confirmation information purposes only. IT IS NOT ACTUAL AID. It has not been credited to your account and is not available for refund purposes. If for some reason your actual aid is not processed after you are registered or if you withdraw or otherwise become ineligible before actual aid is applied to your account, you will still be responsible for unpaid fees. Some of the reasons your actual aid may not be credited are that you do not sign your promissory note, you drop below the required number of hours, you become academically ineligible, you do not make satisfactory academic progress, you do not complete all required paperwork, or you do not complete your entrance interview.
How Do I Confirm My Registration? Do I Need a Confirmation Number? Students whose bills show they do not owe money because their fees will be paid in full with financial aid, Federal Stafford or PLUS loans, third party or other credits must confirm. Students who confirm their registration on RaiderNet will be given a confirmation number. Students must write down and keep this confirmation number as proof that they have completed the confirmation process. Students must either pay, get a financial aid deferment, or confirm their registration and get a confirmation number by their fee payment deadline or they will LOSE their classes. Students who pay their registration fees by cash, personal checks, money orders, or credit cards do not need to confirm. Your registration is validated or finalized. Your payment is your confirmation, and you do not need a confirmation number.
If your fees are paid in full by financial aid, Federal
Stafford loans, third party, or other credits, you must
complete the registration process by confirming that you
will attend MTSU for the Summer term. Your balance due
must be a Zero or Credit before you can confirm your
registration. To confirm you will attend MTSU this term
and validate registration, access RaiderNet and do
the following:
Reviewing your class schedule does not confirm your registration; you MUST select the Confirm Enrollment/Registration Payment/Account Detail for Term option. When you select this option, you will be given a confirmation number if your registration is confirmed. When you are assigned a confirmation number, the system will enter a code into the computer to hold your classes. Write down the confirmation number and the date. This is your proof that you have successfully completed the confirmation process. If in doubt, try the process again and the system will tell you if your registration has been confirmed. Your confirmation number will not be repeated. If your registration is not completed by either payment in full or by Confirmation before the final fee payment deadline for each term, your class schedule will be deleted. If you pay fees in full by cash, check, or credit card, your registration is finalized. Your payment is your confirmation. (See When and Where do I pay my fees and confirm that I'll be attending? for the Final Fee Payment/Confirmation Deadlines) What if my fees are paid by a third party? If you are a sponsored student (fees to be billed to an employer, pre-paid tuition program, government agency, or foreign embassy), your account should reflect credits for the fees to be paid by your sponsor. If your account does not show these credits, contact your sponsor to determine if authorization paperwork has been sent to the Business Office, or bring a fee authorization form to the Business Office during the early fee payment period. Payment, whether by check or by third party authorization, is required by the due date or your class schedule will be deleted. If your fees are PAID IN FULL BY THIRD PARTY (your balance is ZERO or a CREDIT (-) on your billing statement), you MUST confirm that you will attend before the fee payment deadline or your class schedule will be deleted. (See How do I confirm?) What if I'm a graduate assistant? If you are a graduate assistant, your assistantship will pay a portion of the Program Services Fee. You will owe a balance for some student-related fees not covered by the assistantship. All undergraduate classes must be approved by the Graduate Office in order to be covered by the assistantship. You must pay your balance due or confirm you will attend by the fee payment deadline or your class schedule will be deleted. Late registration fee will be $100. If credit for your assistantship does not show on your bill, contact the Graduate Office at 898-5589.
Will I Receive a Refund if
I withdraw or drop classes? SUMMER 2009 Fee adjustments for each summer session are based on the date of the drop or withdrawal and not the reason for the drop. A withdrawal constitutes dropping ALL classes in ALL sessions for the summer term. Fee adjustments are based on the date of withdrawal. A drop is processed instead of a withdrawal if the student has at least ONE remaining class for the summer term. Drops are processed on RaiderNet. Drop fee adjustments are based on the date the course is dropped. Fee exchanges are only allowed for classes dropped and added within the same part of term on the same day. RODP courses DO NOT exchange evenly with other courses. The refund policy listed below for each part of term will be applied for a drop and add not within the same session. SUMMER 2009 FEE ADJUSTMENT DEADLINES
*These represent Sunday drop fee adjustment deadlines. Fee adjustments will be processed beginning approximately two weeks after the end of each refund period. It takes several weeks to process all the refunds. The University will offset against proposed refunds any amount owed by the student to the University. Refund percentages are based on total tuition charges, not the amount paid. The refund for students who receive financial aid may be returned to the financial aid program and/or applied to the amount owed the University. NOTE: Refunds for courses running for odd dates will be prorated per TBR policy. Fee exchanges are only allowed for classes dropped and added within the same session on the same day. The refund policy listed above for each session will be applied for a drop and add not within the same session. How Do I Get My Financial Aid CREDIT BALANCE refund? SUMMER
2009 If you have a credit balance due from financial aid, you have the option of having the excess aid balance direct deposited to your checking or savings account. If your financial aid is received before May 6, it will be deposited into your bank account and available for use on May 11 - 12, if you are registered for a course in the Full Summer or May terms. Otherwise funds direct deposited will be available for use on the first day you attend class for that part of term. To be eligible, you must be registered for at least six (6) undergraduate hours or graduate/undergraduate combination or five (5) graduate hours for the term. You must meet all of the financial aid requirements (i.e., have previously seen the entrance video). You must confirm you will attend on RaiderNet. If you have a credit balance due to financial aid, you must Confirm You Will Attend on RaiderNet before your refund can be direct deposited or your refund check can be processed. Confirm as soon as possible after you receive your bill. (See How do I confirm?) Summer Financial Aid refunds should be direct deposited to your checking or savings account. Direct deposit refunds for students enrolled in the Full Summer or May terms who meet all other eligibility requirements and whose aid is credited to their accounts by May 6 will be available in their bank accounts on May 11 or 12. (See below for dates for other sessions.)
By
Direct Deposit to your checking or savings account. Refunds will processed to be available in bank
accounts beginning on the first day that classes start
for each part of term, provided you have:
You may sign up for Direct Deposit by accessing your RaiderNet account. For more information on how to sign up for direct deposit, please visit Direct Deposit.
If you have a credit balance due to financial aid, and you choose not to direct deposit your refund to your bank, you may sign up for an MTSU eCash PayCard. If your financial aid is credited to your account by May 6, your refund will be loaded onto your PayCard and available for use on May 11 - 12 if you are enrolled in the Full Summer or May terms (provided you have met all financial aid eligibility requirements, have no financial aid holds, have completed the entrance interview requirements for first time borrowers and transfer students and have completed all required paperwork). You must confirm you will attend before your refund can be loaded onto your PayCard. The funds can be accessed or used by the student cardholder through designated ATMs, at merchants participating in certain point-of-sale debit networks, or by issuance of a check. This account will remain open indefinitely and will be reloaded each time there is a financial aid credit balance refund. Do not lose or destroy your card! If you choose to use the new MTSU eCash PayCard, come by the Business Office in Cope 103 to sign up and receive your card. Part of Term Direct Deposits
NOTE: Summer refunds for students who are on financial aid probation for the Spring 2009 term and are enrolled in the Full or May terms will not be available until the week of May 18 due to Spring term grade posting. If you add a class to your schedule after your initial registration payment or confirmation for the Summer terms, you will not be automatically dropped from that class by the Business Office. You must access RaiderNet to drop the class. Your fees will be adjusted based on the refund policy in effect on the date of your drop. (See How much refund will I receive?) (See also, Will my Fees change if I'm dropping and adding?)
What if I need to withdraw
from classes? A withdrawal constitutes dropping ALL classes in ALL parts of terms for the summer term. A drop is processed instead of a withdrawal if the student has at least ONE remaining class for the summer term in any part of term . Drops are processed on RaiderNet. Drop fee adjustments are based on the date of the drop. If you do not plan to attend MTSU this Summer and wish to withdraw from ALL classes for ALL parts of terms , access RaiderNet to drop all of your summer courses. Fee adjustments are based on the date of withdrawal. Note: Students who withdraw after the last day to add a class but prior to completing 60% of the session currently attending will have their financial aid prorated. Students may owe a refund to the U.S. Dept. of Education and/or MTSU. Students are advised to contact the Financial Aid Office before withdrawing. (See How much refund will I receive?) Will my Fees change if I'm dropping and adding? SUMMER 2009 After the term begins on May 11: If you are dropping a class and adding another class within the same part of term, please note that the drop and the add must be processed on the same day. The system cannot exchange the fees from the dropped class for the added class unless they are processed on the same day. Fee exchanges are only allowed for classes dropped and added within the same part of term. If you are dropping a class from a part of term and adding another class in a different part of term, please note that this may not result in an even exchange of fees. The dropped class will be credited based on the fee adjustment policy in effect on the date of your drop. For example, once the May term begins on May 11, a May term course will not even exchange for a June term course. The May term course will be adjusted at the fee adjustment percentage and the June term will be charged at the full rate. RODP courses DO NOT exchange evenly with other courses when students drop/add. RODP courses are charged at a different per-hour rate.
After your initial registration is finalized, if you add
a class and decide not to attend the class, you must drop
it from your schedule. You will not be automatically dropped
from the class by the Business Office. Your fees will
be adjusted based on the refund policy in effect on the
date of your drop. If you are enrolled in only one class and want to drop it and add another, you must process the add first. If you have any problems contact the scheduling center at (615) 898-5094.
One Card That Does It All! A personal RAIDER FUND$ account, which is accessed through your color student ID card, is available to all MTSU students. RAIDER FUND$ is a declining balance, money management program that allows students a convenient way to make campus purchases without the need to carry cash or the inconvenience of paying by check or credit card. The RAIDER FUND$ account can be activated by making a minimum deposit of $10.00 at the Business Office cashier windows or with a credit card over the Bursar's Office web site (see link below). RAIDER FUND$ can be used to pay registration fees, rent, and other charges such as parking tickets and Star 1 telephone charges at the Business Office, buy meals directly or purchase meal plans from Campus Dining, make copies in the library copy center, use washers and dryers in residence hall laundries, and purchase books and supplies at Phillips Bookstore. Most of the campus Pepsi and snack machines will accept RAIDER FUND$. Additional information on the advantages and convenience of having a RAIDER FUND$ account may be obtained at the Business Office Cashier Windows in the Cope Administration Building or by calling (615) 898-5079. For more information on Raiders fund$ see:
Required registration fees at MTSU include:
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