A credit balance is the result of an overpayment on a student's account from Financial Aid, loans or payments received.  Credit balance refunds will be processed when a credit actually exists on the student's account.  Anticipated Financial Aid must be posted to the student's account in order for a credit to exist and for a refund to be processed.

For students who have applied for financial aid loans, here is what you can expect:

Please allow 14 business days from the day that your refund is processed to receive your refund check in the mail. For students that have direct deposit, allow 3-5 business days from the day that your refund is processed to receive your refund in your bank account. Click here for instructions on how to find out when your refund was processed.

NOTE: Your agreement to allow your Federal Financial Aid to be applied toward all charges on your student account is important as this may impact the processing of your refund. Your refund may not be mailed to you or direct deposited into your bank account if your student account reflects a balance due after your refund has been processed. This applies if you have a balance due in the current term because you have not agreed to allow your aid to pay all charges or if you have a balance due in a term from the prior financial aid year. Refunds to students having a balance due are processed as a paper check that is routed to the Cashier's Office, not to the student. As refund checks are received in the Cashier's Office, students are emailed to advise that a check is available for pickup.


Return of Department of Defense Tuition Assistance (TA) Funds

In accordance with the Department of Defense Memorandum of Understanding (MOU), the University is required to return unearned funds to the program, if a student withdraws from a course paid for by Department of Defense funds (tuition assistance), based on the following schedules: 

 

8 Week Course Withdrawal

4 Week Course Withdrawal

Before or during week 1

100%

Days 1-7

100%

During week 2

75%

Day 8

70%

During weeks 3-4

50%

Day 9

67%

During week 5*

40%

Day 10

63%

During weeks 6-8

0%

Day 11

59%

Day 12

56%

12 Week Course Withdrawal

Day 13

52%

Before or during weeks 1 -2

100%

Day 14

48%

During weeks 3-4

75%

Day 15

44%

During weeks 5-6

50%

Day 16*

41%

During week 7*

40%

Day 17 0%

During weeks 8-12

0%

16 Week Course Withdrawal

Before or during weeks 1 -2

100%

During weeks 3-4

75%

During weeks 5-8

50%

During weeks 9-10*

40%

During weeks 11-16

0%

* After this point, the course is 60% complete.

 

Courses / classes of non-standard length not noted above will be returned to the program on a proportional basis.  This will be calculated by dividing the number of days completed of the course by the total number of days of the course.  Once the course is 60% or more complete, no return to the program will be required.