Financial aid is applied to your student account on scheduled disbursement dates. Your financial aid first pays eligible charges owed to the University. If your eligible financial aid exceeds those charges, the remaining credit balance may be issued to you as a refund.

Do I Get a Financial Aid Refund?

You may receive a financial aid refund if your eligible financial aid exceeds the charges on your student account.

Refunds are issued using one of the following methods:

  • Direct deposit: Funds are typically available within 2–3 business days after the refund is processed, depending on your financial institution. Direct deposit is the fastest and most secure way to receive your refund.
  • Paper check: If you are not enrolled in direct deposit, a paper check will be mailed to the local mailing address on file with ÈËÆÞÖгöÊÓÆµ.

You can review your student account and refund information through .

Before Using Your Refund

If you receive a financial aid refund, keep the following in mind:

  • If you are enrolled in courses that begin later in the semester, you may need to retain a portion of your refund to pay charges associated with those courses.
  • Changes to your enrollment, including withdrawing from the University or dropping courses, may affect your financial aid eligibility and could result in a balance owed to ÈËÆÞÖгöÊÓÆµ. Review Enrollment Status and Withdrawal Implications for more information.

If you believe you should have received a refund but did not, contact One Stop at (205) 652-3800.

What Does a Negative Balance on My Student Account Mean?

A negative balance displayed on your student account generally indicates that your account has a credit balance rather than an amount due.

If the credit results from eligible financial aid remaining after applicable University charges have been paid, the credit may be issued to you as a refund.

A negative balance does not necessarily mean that a refund has already been processed. Changes to financial aid eligibility, enrollment, charges, or other account activity may affect the final amount available for refund.

Where Will My Refund Be Sent?

Direct Deposit

If you are enrolled in direct deposit, your refund will be sent to the bank account you provided through Self-Service.

Students are encouraged to use direct deposit because it generally provides faster access to funds and reduces the risks associated with mailed checks.

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Paper Check

If you are not enrolled in direct deposit, your refund will be issued by paper check and mailed to the local mailing address ÈËÆÞÖгöÊÓÆµ has on file.

To review your local mailing address:

  1. Log in to Self-Service.
  2. Select User Options.
  3. Select User Profile.
  4. Review your local mailing address and update it if necessary.

What Should I Do If I Did Not Receive an Issued Refund?

Direct Deposit Was Sent to a Closed Account

If a direct deposit is sent to a closed bank account, the financial institution will generally return the funds to ÈËÆÞÖгöÊÓÆµ. After the funds are returned, a paper check will be mailed to the local address on file.

Paper Check Was Not Received

If you have not received a paper refund check and have not been notified by ÈËÆÞÖгöÊÓÆµ that the check was returned as undeliverable, you may request a replacement check after 10 business days from the check’s issue date.

Email Student Accounts at [email protected] to request assistance.

2026–2027 Financial Aid Disbursement & Refund Dates

Financial aid is applied to eligible student accounts on scheduled disbursement dates. If your financial aid exceeds your eligible University charges, the resulting credit balance will be processed as a financial aid refund.

Important: The refund processing dates below indicate when ÈËÆÞÖгöÊÓÆµ is scheduled to process refunds. They are not guaranteed dates for funds to be available in your bank account or for a paper check to arrive. Actual timing may vary based on your refund method, financial institution, financial aid eligibility, enrollment, outstanding requirements, and account activity. Dates are subject to change.

Fall 2026

Financial Aid Disbursement DateRefund Processing Date
August 26August 28
August 31September 2
September 8September 10
September 14September 16
September 21September 23
September 28September 30
October 5October 7
October 9October 14
October 28October 30
November 2November 4
November 9November 11
November 16November 18
November 30December 2
December 7December 9

Parent PLUS Loan Disbursements – Fall 2026

Parent PLUS Loan Disbursement DateRefund Processing Date
September 3September 8
September 10September 14
September 17September 21
September 24September 28
October 1October 5
October 8October 9
November 5November 9
November 12November 16
November 19November 20
December 3December 7

Manual Disbursement Dates

Certain financial aid adjustments that require manual processing are scheduled for the following dates:

Manual Disbursement DateRefund Processing Date
May 10May 12
June 28June 30
August 9August 11

Understanding Disbursements and Refunds

Financial Aid Disbursement Date: The date eligible financial aid is scheduled to be applied to your student account. A disbursement is not the same as a refund.

Refund Processing Date: If your eligible financial aid exceeds your applicable University charges and creates a credit balance, this is the date ÈËÆÞÖгöÊÓÆµ is scheduled to process the refund.

Date You Receive Your Refund: The date you actually receive the funds. For direct deposit, this depends in part on processing by your financial institution. Mailed paper checks may take additional time to arrive.

Receiving a refund is not guaranteed on the refund processing date listed. Your financial aid eligibility, enrollment, outstanding requirements, account activity, and refund method may affect whether you receive a refund and when it becomes available.