Financial Aid Refund Timing
Are you wondering about the timing of a refund this spring? Assuming your financial aid disburses to your account on Monday, Jan. 1, and assuming none of the top-five concerns are present (see “Info on Spring Semester Refunds” Daily Bruin post), we anticipate initiating direct deposit refunds in the bank system on Thursday, Jan. 4.
You will know when a refund has been initiated in the banking system when you get an email notification from Student Accounts. How fast your bank moves compared to another varies. Most are very quick, but we always tell students to check online with their bank to see the status before they start to spend. If your aid disburses later than Jan. 1, the timing will be pushed out.
We anticipate initiating paper checks on Jan. 10.
Questions? Contact Jenny Getsinger (jgetsing@georgefox.edu).