Home / Financial Policies / 1903 - Refunds

1903 - Refunds

Document purpose

Students may be eligible for a full or partial refund of tuition, fees or financial assistance.

effective

January 1989

revised

May 2018

Reviewed

May 2020

Responsible Office

Student Registration & Financial Services

Approval

Student Registration & Financial Services

The Policy

  1. Refund policies must be in compliance with government sponsored financial assistance programs as determined by the University Director of Financial Aid.

  2. The Office of Student Registration & Financial Services is responsible for verifying the appropriateness of student refunds.

  3. The Office of Student Registration & Financial Services is responsible for processing all student refunds.

  4. Federal refunds include excess of federal aid over eligible credits.

  5. Refunds are disbursed via Direct Deposit or check.

  6. Checks will be mailed to student’s local address by Penn’s refund vendor (ECSI).

  7. Student must authorize Direct Deposit of a refund by completing the required online documentation.