What to do with a student loan refund
If there are funds left over after college costs have been paid, you may be issued a student loan refund by your school. Keep in mind, these funds are still part of your loan and you will need to pay them back. Here are a couple ways to manage your refund:
Return the funds to us
This helps reduce your total student loan cost.
Use the money for education expenses
Purchase the books, technology, and other things you need.