When can I expect my financial aid refund, and how is this refund calculated?

Students can generally expect receipt of excess federal funds to be refunded in the first 2 weeks of the trimester. The refund is calculated by deducting any tuition and educational fees assessed and refunding anything in excess of those costs to the student. Note that the University recommends that you set up Electronic Fund Transfer (EFT) to ensure that refunds are made efficiently. See the University’s financial aid disbursement page for more information on setting up EFT.nn* Note: Some scholarship awards may be specifically designated to be applied toward certain costs, and any remaining funds may be returned to the sponsor, rather than to the student directly.