How Student Refunds Work
When most financial aid is disbursed, it is sent directly to UM, not to the student. UM then uses the funds to pay the balance owed to the school. Once the bill is paid in full, students who have aid in excess of their charges are sent a refund.
Currently, student refunds are generated twice a week. Not all aid arrives at the same time and as a result, a student may receive multiple refunds in a semester. Aid does not disburse until a student has completed the bill payment process and all other eligibility criteria are met.
To receive a refund, students must select a refund option in the "Student Refunds" section of GrizPortal. Students may opt for direct deposit or have a check sent to them.
Selecting Your Refund Option
Student refunds at UM are managed in partnership with Nelnet. Students choose how to receive their refund in GrizPortal.
Selection options are:
- Direct Deposit: This fastest method to receive a refund. Provide bank account information and your refund check will be deposited directly into your account in 3-5 days.
- Paper Check: Paper checks arrive in 7-14 days. Paper checks are sent to a student's mailing address as listed in GrizPortal, so it is important for students to ensure their mailing address is accurate.
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Student Refund FAQs
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Refunds are processed twice weekly on Tuesdays and Fridays.
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Select your refund option by , find the Student Self-Service card and select "Open Student Dashboard," look under Student Account & Billing" to select Student Refunds, and select your choice under My Refund Option.
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Selecting an option will ensure that you receive your refund in a timely manner. You may select direct deposit to your bank account (3-5 business days) or a paper check (7-14 business days).
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If you do not select a refund option, a check will be mailed to your address on file in GrizPortal.
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No refund amounting to less than $10 shall be paid by the 91次元, except upon the specific request of the person entitled to receive the refund. All such refund requests must be received in writing.
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Once a refund is generated, it will appear as a charge in the "Account Summary by Term" section of GrizPortal. If, at a later date in the term, additional aid is disbursed, it will not appear as a separate entry on the "Account Summary by Term." Rather, the amount of the charge will increase to reflect the new total refunded.