When will I get my financial aid refund?
Financial aid disbursements begin the second week of each term. Students should be aware of this and be prepared to use personal savings, or other resources, for anticipated expenses such as books and supplies, at the beginning of the term. Financial aid is applied to school expenses such as tuition, fees, and housing charges, depending on the authorizations you have given GSU. If the financial aid applied to your account exceeds the amount of charges, you will receive a refund of the residual amount. However, student eligibility requirements must be verified before refunds are processed. If you meet eligibility requirements, your refund will be direct deposited to your account approximately 10 business days after the end of Late Registration each semester, depending on the bank used for direct deposit. First-time freshman borrowers who have Federal Direct Loans must be enrolled in classes at Georgia State University for at least 30 days before their loan may be applied to their expens
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
Initial financial aid refunds will be released several days prior to the start of a term for students who meet all eligibility requirements. Refer to the electronic payment instructions included with your monthly billing statement for complete information specific to the current term. By direct deposit: Once you see a 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 once the check is mailed Indiana University has no control over how long the post office takes to deliver it to you.
