What is financial aid credit?

What is financial aid credit?

When your school gives you financial aid, sometimes money is left over after your aid is applied to your tuition, fees, and other school charges. This remaining amount is called a credit balance.

What percentage of students receive financial aid at Baylor College of Medicine?

Baylor is committed to helping students from all financial backgrounds achieve their dreams of gaining a quality education. Approximately 92 percent of Baylor students receive some form of financial aid from a wide range of sources.

What do I do if my financial aid is denied?

1. Address your eligibility. Depending on the reason you lost financial aid, you can first try to fix the problem.
2. Consider filing a financial aid suspension appeal.
3. Apply for grants and scholarships.
4. Take out private student loans.
5. Work your way through college.
6. Ask for help.

Do I get money back from financial aid?

If your financial aid award exceeds the amount you owe the school for tuition and other expenses at the time of disbursement, you will receive a financial aid refund. Each school has its own method and schedule for issuing students’ refunds (disbursement).

How do I get out of financial aid suspension?

In most cases, you need to repay the excess loan amount to regain your financial aid eligibility. You can pay it back all at once, or, if doing so would be a hardship, you can set up a repayment plan. Once you’ve repaid the amount, you will be able to get federal aid.

Can I get financial aid after academic suspension?

You can also regain your financial aid after suspension if you address the SAP problems, like your GPA or completed number of courses toward your degree. Ensuring you make academic progress by meeting at least the minimum requirements for your school and your financial aid. Avoiding dropped classes.