Once the allowable maximum is reached, you will be placed on financial aid termination and will be ineligible for additional federal student aid. Institutions are required by the Department of Education to maintain a fair and equitable refund policy. There are different types of refunds. Institutions are required to calculate and compare the applicable refunds and issue a refund according to the schedule that most benefits the student. The following Pro-Rata Refund Schedule established by the federal government will be used.
All refunds are less the financial aid trust fee and recreational center fee, if paid.
If you are not a first time ASU student, either the Institutional or the Federal Refund Schedule will be used based upon which schedule produces the greater refund. If you are not a first time ASU student, either the Institutional or the Federal Refund Schedule will be used based upon which schedule produces the greater refund. Dates Refund Withdrawal before or on first day. If you feel that you have extenuating circumstances, complete a review form .