Financial Aid Refunds

  • After financial aid requirements have been met, grants, scholarships and loans will be credited directly to your University student account. The soonest financial aid may disburse to your student account for any given term is 10 days before classes start.
  • Federal financial aid will pay up to $200 of prior year charges and all current semester institutional charges.  Students may authorize payment of non-institutional charges.
  • State, institutional, and private financial aid will pay all charges.
  • Changes in enrollment may affect tuition and fee assessments as well as financial aid eligibility and the financial aid award amount.
  • Refunds may only be issued if your financial aid exceeds the total amount billed to your University student account, the residual aid will be refunded to you for other educational expenses.
  • If a credit balance is refunded, and subsequent charges are posted to the student’s University student account, those charges must be paid when billed.
  • Your financial aid for the semester is finalized based on your enrollment at the end of the add/free drop period. If your financial aid refund was based on full-time enrollment and you drop classes during add/free drop, you may be required to repay some of your financial aid.

Sign Up for Direct Deposit

You may sign up for direct deposit to get your money quicker each term! You will need your bank account and routing numbers for your checking or savings account to sign up. The direct deposit enrollment form is available on RAMWeb.

Refund Methods

Direct Deposit

  • Direct deposit offers both convenience and security
  • To sign up for direct deposit, students must fill out a direct deposit form. These forms are able on RAMWeb under the billing and tax information page. Direct deposit forms may be submitted electronically, by mail, or in person to the Cahsier’s Office or the Office of Financial Aid.

Mailed Refund Checks

  • Student Account Refund checks are mailed on the 1st, 3rd, and 5th Friday of each month.  Allow at least three business days for delivery.
  • Checks are mailed to the current mailing address on file with the University – address changes can be made on RAMweb by clicking the gear option in the “My Profile” box.

Refund Timeline

If you are a full-time student* and anticipating a refund:

January 16, 2020– 1st day personal bank accounts may reflect spring direct deposit refunds
January 21, 2020– Classes begin
January 31, 2020– 1st day mailed spring refund checks may arrive in mail boxes

If you are a full-time student* and anticipating a refund:

August 20, 2020– 1st day personal bank accounts may reflect fall direct deposit refunds
August 24, 2020– Classes begin

Refund Credit Requirements*

  • Refunds will be processed automatically for students registered in at least 12 regular on-campus credits as an undergraduate student and 9 regular on-campus credits as a graduate student.
  • Financial aid recipients who are registered part-time or taking a combination of regular on-campus and CSU Online credits will receive a refund once final registration is confirmed. If you would like more information regarding the impact of part-time enrollment or registering for both on-campus and CSU Online courses, contact the Office of Financial Aid.