Account Refunds 

Refunds Overview for Main Campus and Extended Studies Students

 Refunds Overview for Florida Tech University Online Students

 How will my refund be processed: ***PNC Processing as of 2011***

 Can I receive my refund by direct deposit?

 What if my refund has been processed but I have not received it?

 Why is my refund larger than expected and I now have a balance due on my account?

 Can I leave the balance in my account for future terms?

 

 

Florida Tech has partnered with PNC Bank to establish the Panther Payment Portal for the processing of all student refunds.  This includes both Florida Tech University Online, Extended Studies, and Main Campus students.  You may access the portal at www.pnc.com/fit.  You now have the ability to choose to receive your refund via direct deposit to your bank account, VISA pre-paid debit card, or traditional paper check.  See details below  and/or visit www.pnc.com/fit.

 

 Refunds Overview for Main Campus and Extended Studies Students

Often students receive financial assistance and/or payments that exceed the tuition & fees charged for the semester. In this case, the student is eligible to receive a refund of the credit balance on their student account. All refunds will be processed through PNC Bank as direct deposit, debit card or paper check.

Students with a credit balance not resulting from financial aid can submit the Refund Request Form to the Office of Student Accounting by mail, fax, or in person at the cashier's window. Please allow four (4) business days from the refund transaction date for the refund to be sent to PNC Bank for processing.

Students with a credit balance resulting from financial aid will automatically have the refund processed after the 100% drop/add period (the first two weeks of class) and are not required to request the refund. Any additional credit balances created after this period will be processed weekly. The way for the students to determine if the refund has been processed will be to check their student account by logging in to Access Florida Tech, clicking on the Student Money tab, then PAWS. Please allow four (4) business days from the refund transaction date for the refund to be sent to PNC Bank for processing. After four business days you may log into the PNC Panther Payment Portal for a refund status update and the expected delivery date of your funds. Refund checks and debit cards will be sent to the PAWS MAILING address (unless a STUDENT REFUND address has been updated in PAWS), or the preferred mailing address you enter in the PNC Panther Payment Portal.

***** Preferred address information should be updated both through Access Florida Tech (click on the Student Academics tab, then Student Profile under Student Information and update your Mailing and Student Refund Addresses) AND your PNC Panther Payment Portal account at www.pnc.com/fit. Students should verify their address at least once (more frequently if you change addresses) each semester to ensure the refund will be mailed to the correct address if you choose the check or debit card option. *****

  

Please be reminded if you are receiving Federal Title IV Funds (Grants such as Pell, ACG, SMART, etc. or Loans such as Stafford or Plus) and you wish for these funds to pay for charges other than tuition, such as books, fees, etc. Florida Tech must have your authorization to do so.  If you have not made this authorization then Florida Tech is required to refund you the entire amount of your financial aid after tuition, which may result in a balance due on your student account. You will then be required to remit payment back to Florida Tech for the remaining balance. To authorize future Financial Aid to pay for books, fees, insurance, etc:

Log in to Access Florida Tech, then click the Student Money tab, then PAWS, navigate to the Financial Aid tab and select the last menu pick, Financial Aid Authorization.

Note for All Students: Students that have received a refund from a financial aid overpayment and have withdrawn, or that have been over awarded, may be required to repay a portion of their financial aid to Florida Tech. Students should review their student account through Access Florida Tech on a regular basis to stay informed regarding the status of their student account.

  

Refunds Overview for Florida Tech University Online Students.

Often, students receive financial assistance and/or payments that exceed the tuition & fees charged for the semester. In this case, the student is eligible to receive a refund of the credit balance on their student account. All refunds will be processed through PNC Bank as direct deposit, pre-paid debit card or paper check.

Students with a credit balance not resulting from financial aid should contact their University Alliance representative for refund instructions.

Students with a credit balance resulting from financial aid will automatically have the refund processed after the 9th business day of class and are not required to request the refund. Any additional credit balances created after this period will be processed weekly. The way for the student to determine if a refund has been processed will be to check their student account in PAWS. Please allow four (4) business days from the refund transaction date for the refund to be sent to PNC Bank for processing.   After four business days you may log into the PNC Panther Payment Portal for a refund status update and the expected delivery date of your funds.   Refund checks and debit cards will be mailed to the MAILING address unless a STUDENT REFUND address has been updated through Access Florida Tech (click on theStudent Academics tab, then Student Profile under Student Information and update your Student Refund Address).

***** Preferred address information should be updated both through Access Florida Tech (click on theStudent Academics tab, then Student Profile under Student Information and update your Mailing and Student Refund Addresses) AND your PNC Panther Payment Portal account at www.pnc.com/fit. Students should verify their address at least once (more frequently if you change addresses) each semester to ensure the refund will be mailed to the correct address if you choose the check or debit card option. ***** 

Please be reminded, if you are receiving Federal Title IV Funds (Grants such as Pell, ACG, SMART, etc. or Loans such as Stafford or Plus) and you wish for these funds to pay for charges other than tuition such as books for example, Florida Tech must have your authorization to do so. If you have not made this authorization then Florida Tech is required to refund you the entire amount of your financial aid after tuition, which may result in a balance due on your student account. You will then be required to remit payment back to University Alliance for the remaining balance. To authorize future Federal Aid to pay for books:

 Log in to Access Florida Tech, click on the Student Money tab, then PAWS, navigate to the Financial Aid tab and select the last menu pick, Financial Aid Authorization.

 

 Note for All Students: Students that have received a refund from a financial aid overpayment and have withdrawn, or that have been over awarded, may be required to repay a portion of their financial aid to Florida Tech. Students should access their student account through Access Florida Tech on a regular basis to stay informed regarding the status of their student account.

 

How will my refund be processed?

Florida Tech has partnered with PNC Bank to establish the Panther Payment Portal for the processing of all students refunds.  This includes both online and on campus students.  You may access the portal at www.pnc.com/fit.  In the portal you will select the desired method to receive your refund: 

  • Direct Deposit to your bank account, either PNC Bank or any other financial institution.  This is the fastest and most secure way to receive your refund.
  • VISA Pre-Paid Debit Card issued by PNC Bank and mailed to you.  Avoid check cashing fees and time required for checks to clear.  Accepted at most locations that accept VISA.   For more details visit www.pnc.com/fit.
  • Paper check mailed to the address you choose.

 

Students will receive their PNC activation code via their Florida Tech student email account or can request the activation code at www.pnc.com/fit.    Once you have your Activation Code, log in to the Panther Payment Portal at www.pnc.com/fit and select how you want to receive your refund and your preferred address.  Selecting your preference now will ensure that you are set up and ready if you should be eligible for a refund at any time while enrolled with Florida Tech.

 Anyone can do it. You do not have to be a PNC Bank Customer, and there is no charge to take advantage of this convenient service.  You may contact PNC Bank at 1-800-745-7577

 

Can I receive my refund by direct deposit?

Yes!  You may choose direct deposit, debit card or paper check.  Set up your desired method to receive your refund by logging onto www.pnc.com/fit.

 

What if my refund has been processed but I have not received it?

After reviewing your PAWS account to confirm a refund has been processed and at least four business days have passed since the date of that entry log on to www.pnc.com/fit to check the expected delivery date of the refund.  If that date has been met please contact PNC Bank at 1-800-745-7577. 

 

Why is my refund larger than expected and I now have a balance due on my account?

Please be reminded, if you are receiving Federal Title IV Funds (Grants such as Pell, ACG, SMART, etc. or Loans such as Stafford or Plus) and you wish for these funds to pay for charges other than tuition such as books and fees for example, Florida Tech must have your authorization to do so. If you intend to use your financial aid for these types of charges please Log in to PAWS (TRACKS ID & Password), navigate to the Financial Aid tab and select the last menu pick, Financial Aid Authorization.  You are only required to make the authorization one time and it will be effective for your entire attendance at Florida Tech. If you have not made this authorization then Florida Tech is required to refund you the entire amount of your financial aid after tuition, which may result in a balance due on your student account. You will then be required to remit payment back for the remaining balance.

Can I leave the Financial Aid credit balance in my account for future terms?

All balances from excess Financial Aid are refunded in full to the student every term.