Financial Aid refunds are issued if the total amount of financial aid awarded for the semester is greater than the charges on your account/eStatement. If you are due a refund, you will see a negative balance on your account/eStatement before the refund is processed.
The Student Accounts Office will process refunds starting 5 business days before classes begin each semester. By starting the process on this date, it ensures that students will have their refunds in hand by the first few days of classes.
Students can confirm that their refund has been processed by viewing their Account Activity. There will be a line item posted that reads "Refund", as well as the date and amount.
If you have direct deposit, you will receive your refund 3 to 5 days from the date the refund was posted to your student account. If you don’t have direct deposit, a paper check will be mailed to your permanent address. Please allow 5 to 7 days from the date the refund was posted to your student account.
A negative balance on your account is a good thing! This means you do not owe anything to the university. Instead, you will be receiving a refund.
Students may use their refund money to purchase books and/or other school-related expenses. Also, there may be various circumstances in which additional charges are added to a student’s account. Refund money can and should be used towards these charges.
Refunds for overpayment or other credits are processed after the official add/drop period has ended. After the add/drop period, these refunds are processed weekly. The university reserves the right to refuse payments that substantially exceed the balance on the student's account.
Direct Deposit is the fastest and most secure way to receive your refund. By electing this option, your refund will be directly deposited into your checking or savings account, at the financial institution of your choice, which is significantly faster than waiting for a check to arrive in the mail.
Title IV Authorization for Financial Aid
If a student is receiving financial aid, the university highly encourages the completion of the Financial Aid Titile IV Authorization in order to allow non-institutional charges to be paid with financial aid awards.