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Financial Aid Refund Examples

The number of credit hours students take in each term will affect when their financial aid is issued and how much of their financial aid can be applied to their student account each term.

Use the scenarios below to see how the amounts of financial aid refunds in each term can change, depending on the type of aid and the number of credit hours the student is taking each term.

If it supports students’ academic and personal plans, and if students are financial-aid eligible, they should consider enrolling in six hours in the first term because certain kinds of aid require that students are not only enrolled in a certain number of credit hours, but that they are actually sitting in those classes.

Tri-county Resident

  • Total Credit Hours: 12
    Tuition: $1,911.14
    Awards: $2,865

    Term 1 Refund

    $0

    Term 2 Refund

    $953.86
    Jim
    Jim
    Residency:
    Tri-county resident
    Aid:
    Pell Grant: $2,865
    Credit Hours:
    Fall 1: 6 credit hours
    Fall 2: 6 credit hours


  • Total Credit Hours: 12
    Tuition: $1,911.14
    Awards: $2,640

    Term 1 Refund

    $0

    Term 2 Refund

    $0
    Lisa
    Lisa
    Residency:
    Tri-county resident
    Aid:
    Pell Grant: $1,500
    S.C. Lottery: $1,140**
    Credit Hours:
    Fall 1: 6 credit hours
    Fall 2: 6 credit hours


  • Total Credit Hours: 12
    Tuition: $1,911.14
    Awards: $6,615

    Term 1 Refund

    $3,271.86

    Term 2 Refund

    $1,432
    Stephanie
    Stephanie
    Residency:
    Tri-county resident
    Aid:
    Pell Grant: $2,865
    Loan (subsidized): $1,750
    Loan (unsubsidized): $2,000
    Credit Hours:
    Fall 1: 6 credit hours
    Fall 2: 6 credit hours
  • Total Credit Hours: 6
    Tuition: $962.78
    Awards: $4,890

    Term 1 Refund

    $0

    Term 2 Refund

    $3,357.22
    Naomie
    Naomie
    Residency:
    Tri-county resident
    Aid:
    S.C. Lottery: $1,140**
    Loan (subsidized): $1,750
    Loan (unsubsidized): $2,000
    Credit Hours:
    Fall 1: 3 credit hours
    Fall 2: 3 credit hours
  • Total Credit Hours: 12
    Tuition: $1,911.14
    Awards: $4,890

    Term 1 Refund

    $2,408.86

    Term 2 Refund

    $570
    Joe
    Joe
    Residency:
    Tri-county resident
    Aid:
    S.C. Lottery: $1,140**
    Loan (subsidized): $1,750
    Loan (unsubsidized): $2,000
    Credit Hours:
    Fall 1: 6 credit hours
    Fall 2: 6 credit hours

Tri-county Resident and Veteran

  • Total Credit Hours: 12
    Tuition: $1,911.14
    Awards: $2,865

    Term 1 Refund

    $0

    Term 2 Refund

    $2,865
    George
    George
    Residency:
    Tri-county resident
    Aid:
    Pell Grant: $2,865
    Chapter 31—Vocational Rehabilitation*
    Credit Hours:
    Fall 1: 6 credit hours
    Fall 2: 6 credit hours


  • Total Credit Hours: 12
    Tuition: $1,911.14
    Awards: $2,640

    Term 1 Refund

    $750

    Term 2 Refund

    $750
    Isabell
    Isabell
    Residency:
    Tri-county resident

    Aid:
    Pell Grant: $1,500
    S.C. Lottery: $1,140**
    Chapter 33—Post-9/11: 100%***
    Credit Hours:
    Fall 1: 6 credit hours
    Fall 2: 6 credit hours

Other South Carolina County Resident

  • Total Credit Hours: 12
    Tuition: $2,118.74
    Awards: $2,640

    Term 1 Refund

    $0

    Term 2 Refund

    $0
    Rita
    Rita
    Residency:
    Other S.C. county resident
    Aid:
    Pell Grant: $1,500
    S.C. Lottery: $1,140**
    Credit Hours:
    Fall 1: 6 credit hours
    Fall 2: 6 credit hours


Out-of-State Resident

  • Total Credit Hours: 12
    Tuition: $3,604.46
    Awards: $2,865

    Term 1 Refund

    Due - $2,171.46

    Term 2 Refund

    Due - $740.46
    Jared
    Jared
    Residency:
    Out of state
    Aid:
    Pell Grant: $2,865
    Credit Hours:
    Fall 1: 6 credit hours
    Fall 2: 6 credit hours


  • Total Credit Hours: 6
    Tuition: $1,809.44
    Awards: $6,615

    Term 1 Refund

    Due - $1,093.44

    Term 2 Refund

    $3,372.56
    Greg
    Greg
    Residency:
    Out of state
    Aid:
    Pell Grant: $2,865
    Loan (subsidized): $1,750
    Loan (unsubsidized): $2,000
    Credit Hours:
    Fall 1: 3 credit hours
    Fall 2: 3 credit hours