When will I get my financial aid refund?
o Initial financial aid refunds will be released approximately 1 week prior to the start of a semester for students who meet all eligibility requirements. Refer to the payment instructions sent with your monthly statement for complete information specific to the current semester. By direct deposit: Once you see refund noted on your bursar account on OneStart, you know that IU has forwarded your funds to your chosen bank/financial institution. You can generally expect your funds to deposit in your bank account in 2 to 3 business days. Please check with your bank about the availability of your funds. By mail: If you do not have direct deposit your check will be mailed within 2 days of the date the refund is noted on your bursar account on OneStart. Please remember that once the check is mailed, Indiana University has no control over how long the post office takes to deliver it to you.
For funds received prior to the first day of the term, Financial Aid refunds will be disbursed by the 14th calendar day of the term. Aid received after the first day of the term will be refunded within 14 calendar days of a credit being created on your student account. Refunds can be directly deposited into your checking/savings account. In order to enroll in the EFT/ACH refund program, visit our Forms page and complete and return the enrollment form with a voided check. Please allow at least 14 days for enrollment to take effect. If you do not participate in the EFT/ACH direct deposit program, please note: All refund checks will be mailed to the address the University has on file for you. If you believe you will be receiving a refund check, it is your responsibility to keep your address updated with our Registrar. If you need to change your address, visit http://www.alliant.edu/registrar/. *** Be sure to contact your Financial Aid Advisor before adding/dropping classes. Changes to you
