January 14, 2015

Financial aid refunds give boost to area economy

by Pete Rosenbery

CARBONDALE, Ill. -- Southern Illinois University Carbondale this week is distributing $19.5 million in financial aid refunds, providing a significant boost to the region’s economy. 

The spring semester federal financial aid refunds are going to nearly 5,500 students. 

Federal financial aid includes grants, loans and scholarships.  The university credits the money to the students’ accounts, first paying off charges such as tuition, fees, and on-campus room and board.  Students who have more financial aid than direct university charges receive a refund.  Students typically use the financial aid refund dollars for textbooks, off-campus rent and utilities and other education-related expenses. 

SIU Carbondale strives to remain affordable and accessible for students.  Financial aid, in any of its various sources, bridges the gap between what students can afford and the cost of a university education. 

The spring semester begins Tuesday, Jan. 20.