Are you eligible for a refund?
If you have a credit balance due to dropped courses, excess financial aid, or a resolved tuition dispute, you’ll receive a refund.
Getting your refund
Refunds are usually processed the Friday after the credit is posted to your student account. When you receive it will vary, depending on whether you’ve set up direct deposit or are having a college refund check mailed to you. (Credit card payments that result in a credit balance will be refunded to the credit card that made the original payment.)
If you haven’t signed up for direct deposit, we’ll mail your check to your local address—so make sure you keep your address current. Mailed checks will usually arrive within 7–10 business days after the Refund was processed.
IU Online students
If you’re taking online courses and currently reside in a state other than Indiana, email iuonline@iu.edu for state-specific online course refund policies.
General refund deadlines
If dropping a course results in a financial aid refund, the Office of Financial Aid and Scholarships may need to determine whether the refund is appropriate or if your aid must be adjusted for compliance reasons.
The basics of financial aid refunds
After your financial aid is used to pay eligible IU charges such as tuition and fees, you’ll get a refund of any money remaining in your student account. (Refunds on Parent PLUS loans will be sent to your parent unless he or she chose the option to send refunds to you when applying for the loan.) You don’t need to request a refund—they’re processed automatically.
Note that if you get a refund but later drop classes or withdraw from IU South Bend, you may be required to repay the refund amount.
You may owe money even if you get a refund
Remember to sign your Title IV authorization. If you don’t, your financial aid may not pay off your entire bursar bill. You may get a refund but also have an outstanding balance on your student account. You must pay the balance by the due date to avoid late payment fees and holds on your account.