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Credit Balance Refund

  • The Federal Direct Student Loan is disbursed directly to the student account
  • If the loan funds credited exceeds the amount of tuition, fees, on campus housing, and other authorized charges the school assesses, Andover Newton must refund the credit balance to the student unless the student signed a credit balance authorization form, which allows ANTS to retain the credit balance to cover future expenses
  • Students who did not authorize ANTS to retain their credit balance will receive a refund check. The refund will be issued by the business office not later than 14 days after the first day of class or the date the credit balance occurred  after the first day of class