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Refunds - Parent Plus

Overpayment refunds are not released until at minimum three (3) days after the conclusion of the drop/add period for the term or session and only once the account is actually overpaid with disbursed funds.  Please plan accordingly for expenses, such as books, at the beginning of the term or session.

What is a Parent Plus Loan?

Parent Plus Loans are loans a parent can take that are used to help pay a student's expenses at Kutztown University.  These loans are applied for at www.studentloans.gov by the parent.  The parent upon approval would need to sign a Master Promissory Note (MPN) with their FAFSA (US Dept of Ed) pin # (not the student's).  The loan repayment is the responsibility of the parent.

Who gets refunds on the students account?

When a students account is overpaid, a refund is issued (no sooner than three {3} days after the conclusion of drop/add).  If the overpayment is caused by:

  • Aid in the student's name, the refund is released to the student (following the Golden Bear Debit Card refund program and preferences). 
  • The disbursement of the Parent Plus loan - the refund must go to the parent who took the loan.  Parent Plus refunds are currently only issued as a paper check, and mailed to the parent's address.

Can I give permission to have a Parent Plus refund released to my son/daughter?

Yes.  A parent has the right to request Kutztown University to release this refund to the student instead.  This release form must be completed, and returned, prior to the disbursement of the Parent Plus loan to guarantee the processing of the refund to the student.  If received after the disbursement, but prior to the refund, we will do our best.  Once a refund is processed it cannot be reversed and re-issued.  Submission instructions are on the form.

**We are aware that on www.studentloans.gov, the parent has the option to choose to have the refunds sent to the parent or the student, but Financial Aid is unable to retrieve that information and as such, we must refund to the parent unless we have specific permission, per refund, to do otherwise.