Regular Refunds* are amounts due to the student after disbursement credits are transmitted and outstanding charges are deducted. Refund amounts are transmitted to Higher One Bank. Students have a choice of opening a Higher One Bank account for fastest access to their refund OR having their refund transmitted via ACH to their own bank account, which usually takes a day or two extra. Students choosing neither will receive a paper check after 21 days.
*Regular Refunds occur when:
Disbursement Adjustments/ Reverse disbursements occur when students reduce the number of units they are enrolled in.
SEOG, Americorps, Scholarships*
*Some scholarship refunds may vary upon the request of donor, upon transfer etc.
Cal Grant & Direct Loans (unless subject to 30-day delay*)
*For Direct Loan first time borrowers there is a 30-day delay in the release of a first loan disbursement. The refund will be issued the week after the 30-day delay has passed.