¶¶Òõ̽̽

For Actively Enrolled Students

All funds paid to the student account will be considered paid to support the student's enrollment at ¶¶Òõ̽̽. Any refund, or overpayment, will be issued to the direct deposit account on file. All enrolled students are required to enroll in direct deposit.

Two Exclusions Apply:

Federal Direct Parent PLUS Loan

Refunds will be made payable to the parent PLUS loan borrower (up to the amount of the PLUS loan), unless the parent authorized the refund to be issued to the student. This authorization is provided when the parent . Parent PLUS loan refunds are mailed to the parent borrower using the address submitted on the PLUS loan application. A parent PLUS loan borrower who wishes to change their decision allowing the refund to be issued via direct deposit should email SFS.

Credit Card Refunds

When charges that were paid by credit card have been waived/reversed/removed within 6 months from the date of payment, any resulting refund will be issued back to the credit card that was used for payment.

For Students No Longer Enrolled or Dropped to Part-Time

When a student drops some or all courses, or is no longer attending ¶¶Òõ̽̽ due to withdrawal, leave of absence, dismissal, etc., tuition and fee adjustments are calculated using ¶¶Òõ̽̽'s tuition refund schedule based on ¶¶Òõ̽̽'s refund and bill adjustment policy.

¶¶Òõ̽̽ must return unearned federal aid and/or Active Duty/Veteran funds according to federal aid rules. Funds are earned proportionally during an enrollment period, with unearned funds returned based on the date a student stops attending.

Our office will attempt to refund personal payments back to the payer, but scholarships and third-party payments may need to be returned to the provider. We will attempt to return payments to the original payer when sufficient contact information is available. If we are unable to determine who the funds should be returned to, we will issue the refund to the direct deposit account on file. We do not return funds to a 529 plan directly.

Refunds are not issued until financial aid disbursement has occurred and other forms of payment have been deposited and the funds have cleared. Federal aid disburses, or pays, no sooner than 10 days before the first day of classes each term.

• For summer, this is 10 days before the student's first registered class.
• For students studying abroad, this is 10 days prior to ¶¶Òõ̽̽'s term start date, or the start date of their program abroad, whichever begins later.

We will not issue refunds any earlier than 10 days prior to the first day of classes, regardless of financial aid/payment sources. Typically, refunds are available once classes begin. For most of the term, our office processes refunds weekly. Some credit balances may require additional review, which may result in additional processing time.

Additional information for Larner College of Medicine Students

For medical students eligible to receive a refund, view the (provided all requested information has been submitted and reviewed).

Direct Deposit Enrollment

Direct deposit enrollment is required. The bank account used for direct deposit can be any standard U.S. bank account/credit union account (checking or savings). The account owner can be the student or a parent/guardian/proxy. A strategy that has worked well for many families is to open a joint checking account between the student and parent/guardian/proxy and use this account for direct deposit. You may want to consult an advisor as to the effects of creating a joint account.

Current Student

To set up direct deposit, students should have their bank account information handy (account and routing numbers), and set it up through their . Once logged in, from the Student Financial Services page students should select 'Set Up Direct Deposit' (found under the Student Account banner).

Note: Direct deposit for payroll (positions held at ¶¶Òõ̽̽) are separate from direct deposits for refunds and ¶¶Òõ̽̽ Human Resources should be contacted with any questions at 802-656-3150.

Former Student or Alumni

To set up direct deposit, students should have their bank account information handy (account and routing numbers), and set it up through their . Once logged in, from the Alumni page students should select 'account and billing information' (found under the Your Account banner). Once in the Student Information System, select 'Return to Account and Billing Information Menu' (found on the top right). Then on the Account and Billing Information Menu, select 'Set Up Direct Deposit for Student Refund'.

Refund by Mailed Check

When the refund policy requires refunds to be issued to the payer on the account, a third party, or the Parent PLUS loan borrower, the refund will be issued by check and mailed. For parent PLUS loans, checks are issued to the borrower using the address submitted on the PLUS loan application. Checks are printed once a week, on Thursdays.