Bookstore Credit
Students who have completed the financial aid process and are awaiting the arrival of their aid may be eligible to use a portion of their anticipated aid to purchase textbooks at the Regent University Bookstore prior to the start of the term. To be eligible for this bookstore credit, a student must have financial aid funds scheduled for disbursement greater than their current tuition and fees for the semester. Please note, this is not a program that students choose to "charge it to my student account". Instead, the program is designed to give students a credit at the bookstore up to a preset amount, not to exceed the estimated refund of a student. If a student chooses not to purchase his/her books with this credit, no action is necessary on his/her part and the full amount of the normal refund will be processed.
The Basics
- Maximum Amount Available: up to $750 per semester (undergraduate and graduate), $1,000 for law students (fall only).
- Availability Dates for Summer 2013
- Start: April 15, 2013
- End: April 30, 2013 at 5:00pm for in-store and online purchases.
- Must have an anticipated financial aid refund.
- After the semester begins, financial aid refunds are processed within two business days of funds being received. Because of this, undergraduate students beginning in Sessions B, D, or F will not have a bookstore credit, but they will be able to purchase books for the session once their refund has been processed.
The Details
Students who have completed the financial aid process have the ability to use a portion of their financial aid money to make textbook purchases at the Regent University Bookstore. To be eligible for this bookstore credit, a student must have financial aid funds scheduled for disbursement greater than their semester tuition and fees charges.
Students must have:
- Registered on at least a least half-time level.
- Undergrad, six hours
- Grad/Law, five hours (Summer semester - three hours)
- Doctorate, three hours (one hour in Dissertation/Psy.D. internship phase)
- Completed an "Authorization of Title IV Aid Form" allowing for more than tuition/fees to be paid using federal financial aid.
- Completed entrance counseling (if receiving loans).
- If receiving loans, applications must be processed to the point of approval/guarantee and awaiting disbursement to Regent (promissory note complete, etc.).
- Have anticipated financial aid exceeding Regent charges.
Prior to the beginning of each semester, the Central Financial Aid Office will review student records to determine which students have an anticipated refund and have authorized Regent to use Title IV financial aid funds for more than tuition and fees. Depending on the result of this review, a student will be given a credit not to exceed $750 ($1,000 for law in the fall semester only) at the Regent Bookstore.
Example 1:
| Student Tuition and Fees: | $6,169.00 | (12 credits @ $495/credit + semester fees) |
| Approved Financial Aid: | $7,602.75 | |
| Available Bookstore Credit: | $750.00 |
Example 2:
| Student Tuition and Fees: | $6,169.00 | (12 credits @ $495/credit + semester fees) |
| Approved Financial Aid: | $6,400.00 | |
| Available Bookstore Credit: | $231.00 |
If the student is eligible for the bookstore credit, he/she will receive an e-mail notification from the Central Financial Aid Office indicating the amount of the credit and the dates the student is able to utilize this option. Students may then purchase their books both in person or online. Detailed instructions will be provided in the notification.
This bookstore credit is only available for a limited time period prior to the start of each semester. Typically this time period runs from the date tuition charges are placed on a student's account to the day before refunds are processed. If a student does not complete the financial aid process until after the start of the semester, he/she will not be eligible for this credit.
After the credit period has closed, the student's refund will be processed as normal; minus the amount used in the University Bookstore toward textbook purchases. (See the examples below.) A student is not required to take advantage of this bookstore credit. If a student chooses not to purchase his/her books with this credit, no action is necessary on his/her part and the full amount of the normal refund will be processed.
Example 1 (Student Using Bookstore Credit)
| Initial Refund Scheduled: | $1,897.75 |
| Available Bookstore Credit: | $750.00 |
| Bookstore Purchases: | $342.59 |
| Actual Refund Processed: | $1,555.16 |
Example 2 (Student Not Using Bookstore Credit)
| Initial Refund Scheduled: | $1,897.75 |
| Available Bookstore Credit: | $750.00 |
| Bookstore Purchases: | $0.00 |
| Actual Refund Processed: | $1,897.75 |
Any purchases made at the bookstore using this allowable credit will be charged to the student's university account. If the student does not enroll in the upcoming semester, or otherwise becomes ineligible for all or part of their financial aid package, the student will be responsible for repaying the amount of anticipated aid used to purchase text books as outlined in the financial agreement governing student accounts. Refer to the bookstore's textbook return policy 
to determine if your account can be credited for the return of your textbooks.
Updated: 08-APR-2013
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