Financial Aid Refunds

Students walking on campus

The Office of Financial Aid & Scholarships (OFAS) is required by federal law to verify that students are eligible for the loan by being registered (at least half-time) as a matriculated student. The OFAS begins the verification process after Add/Drop period ends, which is within the first two weeks of the semester. Once OFAS verifies the students eligibility, the loan/scholarship/grant funds are disbursed to the student's account. Once the funds are disbursed and the student account has been paid in full, any remaining balance will be refunded after the Bursar's Office then runs a report which shows students whose accounts have a credit balance (negative) as a result of the disbursement.

Once its determined that a student is eligible for a refund, it may take up to 14 business days for a refund to be issued. Students who were issued an Owl Choice Card (Where Is My Card?) must select their refund preference, otherwise their refund may be delayed. Click here to learn more about activating your refund preference.

Students will receive an email to their Owls Mail account when their financial aid has been disbursed by the OFAS and again when their refund has been issued. Students should monitor their email for updates on the status of their refund.

NOTE: If you would like to use your excess Financial Aid to purchase books, supplies, etc, you can request to add up to $800 in your excess funds to you Hoot Loot Card by clicking on:

For more information about Financial Aid matters, please visit the Office of Financial Aid & Scholarships' website.