Refunds are usually available by the end of the third week of classes. Students must budget carefully for August and September and again for December and January rent, utilities and other obligations because loan funds may not be disbursed until the end of the third week of class each semester.
The majority of loan funds are sent to the school electronically and posted to the student’s tuition account. After tuition and fees are paid, remaining funds will be disbursed to you by Direct Deposit (EFT) to your bank account (Direct Deposit Authorization form required), or a refund check will be sent to your current mailing address.
Those students, who have completed the Direct Deposit Authorization Form, will find the process more efficient. If you have not already done so and are interested in signing up for Direct Deposit, please complete the Direct Deposit Authorization Form online, print out the form, attach a voided check and send it to the Business Office on or before the first week of August.
If payments are made by credit/debit card (including, but not limited to tuition, fees and housing charges) and financial aid funding is received after those payments were made, we are bound by our merchant agreement to refund credit card payments before issuing a refund to you. Any credit/debit card payments made within 180 days of the date the credit occurred on the account are returned first, and any additional credit is refunded to the student second.
Contact the Financial Aid Office
Email | 916.739.7158