Your financial aid awards for the academic year are typically divided equally between the Fall and Spring Semesters. Financial aid awards credit to your Bursar account at the beginning of the semester if you meet all eligibility requirements. Prior to disbursement, your eligibility is verified. Your federal financial aid will credit to your Bursar account no earlier than ten (10) days prior to the start of your first class as long as you have met all eligibility requirements.
If a financial aid award is designated as an “anticipated” or “estimated” award, these funds do not credit (pay charges) to your bursar account. Estimated awards are made when additional information is needed to determine eligibility and/or the award amount or the award is pending action by the student.
The Office of the Bursar will apply your financial aid awards to current assessed university charges ten days prior to your first course.
Student Account Refunds
If the amount of your financial aid is greater than the amount of your Bursar bill and you have Direct Deposit, you will recieve a refund in your designated bank account. Otherwise, you will reciev a refund through the U.S. Mail. The default refund method is a paper check which is sent to the mailing address we have on file for you. Printing & mailing a paper check takes time. So paper check refunds take about 10-14 business days to get to you. Refunds sent via Direct Deposit, on the other hand, only take 3-5 business days. Therefore we highly recommend that students set up Direct Deposit to ensure that they receive their refund as quickly as possible. To learn how to set-up Direct Deposit online please click here.
Reasons for possible delays in refunds...
• No signed Title IV Authorization form on file
• Eligibility problems:
• Not enrolled in enough hours
• Changed class standing
• Prior term debts
• Flagged by Student Loan Administration: Past due loan debts, required exit interview, etc.
For Federal Work-Study (FWS), students are paid by the employer on a bi-weekly or monthly basis for FWS wages earned during the prior payroll period.
Office of the Registrar – Information for students on how to complete the process to drop classes or officially withdraw, including the academic calendar listing the tuition refund periods by semester.
Return of Title IV Funds – Regulatory Summary concerning the treatment of Title IV funds when a student withdraws or drops out.