Thursday, April 17, 2014
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Refunds


Financial Aid Refunds

NOTE TO NEW STUDENTS: We cannot load your direct deposit information until the first charges have posted to your account. Please verify this has occurred before enrolling in Direct Deposit.

Student Account Direct Deposit Authorization (online form) - You must have JavaScript and pop-ups enabled.

Student Account Direct Deposit form (pdf)

If the online form does not open properly, go to the Electronic Forms system (ELF) and click on "Access My Forms". You must authenticate using your directory ID.

Please allow five business days for our system to process your enrollment. Refunds processed before your enrollment is complete will be distributed by check. Financial Aid Refunds are automatically processed twice per week; therefore you do NOT need to submit a request for these funds. All other refunds must be requested (see next section below). Financial Aid refunds for the upcoming term cannot begin processing until 10 calendar days before the first day of classes per Federal Regulations. Financial Aid refunds should then be deposited 8 calendar days before the first day of classes to those who have completed the direct deposit enrollment on time. Those who haven't enrolled in direct deposit will be issued checks. You cannot pick up your check in person. Refund checks won't be mailed until the first day of classes. All refund checks are mailed to the permanent address on record. It is the student's responsibility to keep the address information up-to-date. Refunds are not disbursed on holidays or weekends.

If you wish to receive your Financial Aid refund via direct deposit, please click on the link above for the online enrollment form. If you experience problems logging in or using the online form you may also download and print our alternative form: Student Account Direct Deposit form (pdf). Sign & return the completed form to the Office of the Bursar, Lee Building, University of Maryland, College Park, MD 20742. You may also fax it to 301-314-9976.

Other Refunds

In order to receive a refund from your student account, you may submit a written refund request to our office. This can be done by either visiting the Financial Service Center in Room 1135 of the Lee Building and completing a refund request form, by logging onto Student Account Inquiry and completing an online refund request, or by sending a letter or fax requesting a refund. The fax number is (301) 405-0659.

Upon verification by the Refund Unit, refunds are processed in the same manner in which you originally paid. Refund checks are made payable to the student and are mailed from the Bursar's Office. Credit balances attributable to payment made by personal check are subject to a 30-day hold to insure that the check clears the bank before a refund check will be issued. All refund checks are mailed to the permanent address on record. It is the student's responsibility to keep the address information up-to-date. Direct deposit is only available for Financial Aid refunds.

Students with a credit balance of $250.00 or less are eligible to receive a cash refund, subject to the availability of funds. Please visit our office in-person to obtain a cash refund voucher, and be sure to bring a photo ID with you.

Credit balances attributable to payments made originally by credit card must be refunded back to the card originally charged. Credit card refunds are processed electronically and take about a week after the credit appears on your student account.

Refund Schedule

To view the refund schedule for dropping a course or withdrawing from all courses, click on the link below and then select the applicable term.

http://www.testudo.umd.edu/acad_deadlines/calendarlinks.html


Notes:
  1. Students who have made no payment on their account at the time of withdrawal will be billed according to the above schedule.
  2. Students receiving Title IV funds will have their refunds calculated in accordance with Federal Regulations.
  3. In computing refunds to students who have scholarships and loans from University funds, the computation will be made in such a way as to return the maximum amount to the scholarship and loan accounts without loss to the University.
  4. Only amounts in excess of the non-refundable enrollment deposit will be refunded.
  5. Refund rates are based upon withdrawals confirmed by Records and Registration by close of business on the above dates.
  6. Refunds for Special Courses: COOP 098/099, MATH 001,002,003,010,011, 013,015: A part-time or full-time undergraduate who drops COOP 098/099, ENCO 098/099, or a zero-level Math course will receive an 80% refund of the fee if the course is dropped during the first five (5) days of classes or 0% thereafter. Zero-level Math courses will still be counted in the determination of hours for full-time or part-time status, not withstanding the refund policy.

If there are any questions about this information, please Contact Us.