Answer
A refund is funding that has been returned to the federal government, school, or alternative source.
This can happen if the student has withdrawn from a course or the university and it has caused a change in the cost of tuition or fees. The loans will be returned to the lender to reduce the student's overall loan balance.
If this happens to a loan, that portion of the loan acts like it never existed. There are no fees attached and any interest accrued on that portion of the loan goes away.
This can happen if the student has withdrawn from a course or the university and it has caused a change in the cost of tuition or fees. The loans will be returned to the lender to reduce the student's overall loan balance.
If this happens to a loan, that portion of the loan acts like it never existed. There are no fees attached and any interest accrued on that portion of the loan goes away.
* Bureau of Labor Statistics (BLS), U.S. Department of Labor, Occupational Outlook Handbook 2022. BLS estimates do not represent entry-level wages and/or salaries. Multiple factors, including prior experience, age, geography market in which you want to work and degree field, will affect career outcomes and earnings. Herzing neither represents that its graduates will earn the average salaries calculated by BLS for a particular job nor guarantees that graduation from its program will result in a job, promotion, salary increase or other career growth.