When will I receive my refund?
If you have accepted all awards and are not a first-time borrower (who must wait 30 days for loans to disburse) your financial aid will be disbursed the Monday after the add/drop period ENDS of every semester. When this disbursement creates a refund due to you it will be processed by the Student Accounts office seven (7) days after the credit occurs on your account. Please note that institutional aid in access of direct charges (which include tuition, fees, room & board) cannot result in a cash refund. Institutional aid can only cover up to the total of a student’s direct charges. Any excess will be reduced and applied to the need of another qualifying student.