REFUNDING OF CREDIT BALANCES
A credit balance occurs whenever a student has funds credited to their account which exceeds the total amount of a student’s direct charges. Refunds are not automatically generated except in cases where Federal Title IV aid exceeds tuition and fees.
Regulations stipulate that a student’s unpaid charges on their bill must be satisfied before a refund can be processed.
Federal Regulations also require that American Academy McAllister Institute of Funeral Service document that a student begin and attend regular classes in order to be eligible for a refund of a credit balance.