I HAVE A CREDIT ON MY ACCOUNT, HOW DO I INITIATE A REFUND?
Financial aid recipients with an anticipated credit balance must wait until the Office
of Financial Aid & Scholarships notifies you that the funds have disbursed to your
account. The Bursar’s Office reviews accounts weekly for excess funds and issues refunds within
14 calendar days of the credit balance occurring. You may have requested that the University hold excess funds to pay for future charges,
such as a future term tuition (students may wish to have SCSU hold the funds for winter
or summer course payment when aid may not be available). If you would like to be refunded, please log into MySCSU Banner Web to rescind your Title IV Authorization to hold excess funds on your account.Your
refund will then be issued within 14 calendar days.
HOW WILL I RECEIVE MY REFUND?
Students can elect to have their refund sent direct deposit to their bank account, have a check mailed to the address on file with the University, or have the funds sent to a Higher One account. To select your preferenceclick here. If your credit balance is due to a credit card over-payment, your refund will be credited back to the credit card used when making the payment.
I WITHDREW FROM A COURSE/THE UNIVERSITY, WHERE IS MY REFUND?
Any refund due to withdrawal is automatically credited to your account based on the withdrawal date filed with the Registrar’s Office. Your refund amount is based on theCT Board of Regents Refund Policy. In addition, the Office of Financial Aid & Scholarships may be required to return previously credited financial aid in the event of withdrawal. Should the previously mentioned transactions create an excess balance on your account; a refund will automatically be issued within 14 calendar days of the credit balance occurring on your account.