The Value of Your Refund

The Value of Your Refund

What is a refund?
It is what happens when the combination of financial aid grants, loans or scholarships exceeds the amount of Direct Charges (Tuition, Fees, Room, and Board). Funds not applied to cover education costs (direct charges) result in a financial aid refund paid to the student.

 

What is it used for?

Books, school supplies, computers, calculators, cleaning supplies, transportation home for the holidays, miscellaneous personal items, toiletries, laundry, and other necessary living expenses.

 

What is the refund process?

Not all unused aid returns to the student. For example:  Refunds for the Parent Loan for Undergraduate Students (PLUS) will be sent to the parent borrower. Any other refund will be given to the student.

When your financial aid posts to your account, we are waiting for the actual funds and approval from the Department of Education before we can issue a refund to you.

Refunds are available five business days after you see Fee Refund on your account.  Please set up direct deposit via MyCSU.

 

What are the dates of disbursement?

DISBURSEMENT DATE SCHEDULED REFUND DATE
August 30, 2017 September 14, 2017
September 14, 2017 September 28, 2017
October 12, 2017 October 26, 2017

***NOTE: THESE DATES ARE SUBJECT TO CHANGE***

Check your MyCSU account often for any updates!