Refunds are processed for individuals who have credit balances on their accounts. Refunds can be sent through direct deposit into any bank account in the United States. Students are encouraged to sign up for direct deposit via our RedHawk Refunds system. Students who do not elect to have the refund direct deposited will receive a refund via postal mail in the form of a paper check.. During the fall and spring semesters, checks will be mailed to the student’s local address; during the summer term, checks are mailed to the student’s permanent address. Checks that do not reach their destination will not be canceled and reissued until after two weeks from the check date. It is important that each student keep their local address current. A student may update their local address via BannerWeb.
Please note that your refund will show as a charge on your account. Our computer system only refunds credit balances. In order to remove the credit balance from your account and return your money, the refund amount must be applied as a charge to create a zero dollar balance on your account.
There are several reasons why an individual may receive a refund:
When a financial aid award exceeds the amount of charges on an account a credit balance is created. Refunds for surplus Financial Aid are processed within 14 days after the Financial Aid disbursement. Please see Financial Aid Refunds information below.
When a student withdraws from the University or drops courses from their registration, he or she may be eligible for a refund based on the refund schedule. No refunds will be made until 30 days have elapsed from the date of withdrawal.
A student can appeal for a refund for one or all classes in cases involving extenuating circumstances by submitting a Financial Appeals form. Extenuating circumstances are extraordinary and usually beyond the student’s control (non-attendance does not void financial responsibility). All Financial appeals must be received by the One Stop no later than 30 days from the end of the semester in question. Financial appeals must include documentation that describes the extenuating circumstances. They must be submitted by the student, from their Miami University email address. After the Financial Appeals committee meets (third Tuesday of the month), the student will be notified via email of the outcome related to the appeal. Decisions made by the appeal committee are final.
Credit balances occur when an appealed charge is cancelled or because of an overpayment on an account. These refunds are processed as they are discovered or requested by the student.
If a student receives financial aid greater than his or her fees, the student may receive a refund from the University. Students who have registered for the required number of credit hours at least ten days before the term begins and have completed the financial aid process may receive a refund in the first week of the term, providing there is a credit balance after all University charges have been paid.
For students who are receiving federal, state, and/or institutional aid, disbursement of refunds occurs approximately one month after the start of school.