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Herzing University

What happens if I change my schedule?

Adding or removing classes from your schedule can change your tuition cost.

If you add a course to your schedule, your tuition for that semester will go up based on the individual cost per credit.

If you drop a course before you start attending it, the tuition cost will adjust down based on the individual cost per credit. If you drop a course after you start attending, the full cost of the course will remain on your account.

When do I get my excess if I have military benefits?

If a student is using military benefits and has excess generated due to Pell Grant or additional loan funding, that stipend will be released once a credit appears on the account. Normally this is created once VA funding has been received.

With VRRAP funds, Herzing is paid 50% at the beginning of the program, 25% at graduation and 25% once employment is secured. The stipend will be released within 14 days of the federal funding being paid to the school. This is the only case where a stipend is released to the student without there being a credit on the account due to the nature of how VRRAP funding pays to the school.

I have a scholarship, can I get a stipend?

Certain Herzing scholarships offered to students require that students limit their borrowing to cover direct tuition and fee expenses only. This means excess funding for expenses outside of those direct charges are limited when opting to receive these scholarships. For a list of Herzing scholarships that require this direct packaging, visit https://www.herzing.edu/tuition-financial-aid/types-financial-aid/scholarships-grants.

Excess funds created by grant funding, such as the Federal Pell Grant will always be sent to you, and scholarship eligibility will not be lost. If you wish to receive a stipend from loans, you will need to discuss with your financial aid advisor how to remove the scholarship from your account. Please be advised once the scholarship is removed from your account, you can never get it back.

How do I sign up for direct deposit

Let your financial aid advisor know if you wish to have your stipend deposited directly into your personal bank account. They will set up the system to notify BankMobile. Please verify your address and phone number with your financial aid advisor so the information can get sent to the proper location.

Once BankMobile is notified, they will send you an email and a letter with instructions on how to set up the direct deposit. If Herzing sends the funds to BankMobile before you set up your account, you will be notified via email and text that you need to set up your account.

What can I use my stipend for?

Stipends are meant for students to pay for expenses related to going to school.

These expenses include but are not limited to, purchasing a new computer, school supplies, textbooks, additional scrubs for an externship, software programs, internet, off-campus housing, or transportation to and from school or externship.

Expenses not included would be vacation expenses, holiday gifts, etc.

What is a Stipend?

A Stipend is when a student gets funding released back to them. Stipends can happen for a couple of reasons.

The first is when a student has requested additional funding to help pay for school-related expenses and the stipend is issued to the student within 14 days from when there is a credit on the account.

The second way is if the student did not request additional funding and they did not fill out the Title IV Authorization form. If this is the case, please contact your Financial Aid Advisor to discuss solutions.

What is a Refund?

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.
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