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POLICY

Refund Policy for the University

Refund resulting from a Course Withdrawal

If you withdraw from a course or withdraw completely, your registration is subject to the university Refund Schedule policy. You must fill out a Refund Application, if the refund schedule allows for a refund. 

Refund resulting from Title IV Aid

If the receipt of your TITLE IV aid (Stafford, PLUS, PELL, SEOG, etc.) results in a credit balance, a    refund check in your name will automatically be mailed to you. If your account is paid partly by a Parent Plus Loan and results in a credit balance, the check is drawn to the borrower to the extent of the PLUS loan proceeds.

Note: TITLE IV aid can only be credited towards institutional charges. Non-institutional charges such as finance charges, late payment fees, etc. cannot be paid from your TITIE IV aid. This may result in a refund being generated leaving an outstanding balance on your account for which you are responsible.

Students receiving TITLE IV aid who withdraw completely may be billed for remaining NYU account balances resulting from the mandatory return of funds to the U.S. government.

Contact us at (212) 998-2818 for more details.

Refund resulting from Student Aid or Overpayment

If your tuition account has a credit balance because of excess aid or overpayment, you must complete the Refund Application.

Fastest Way to Receive Your Refund

Direct Deposit is the fastest and most secure way to receive your refund. By electing this option, a student's refund will be directly deposited into their checking account, at the financial institution of choice, which will ultimately be faster than waiting for the check to arrive in the mail.

Notes
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About This Policy

Effective Date:
Issuing Authority: Executive Vice President for Finance and Information Technology
Responsible Officer: Bursar
Office Name: Office of the Bursar

The purpose of this policy is to ensure that the process of policy development for University-wide policies (hereafter "University Policies"), as well as the form and dissemination of policies, meet University standards for consistency, compliance with laws and regulations, accessibility and understandability. Specifically, this policy guide defines the ultimate steps by which policies are promulgated at New York University ("NYU"). University Policies should be kept current, and made available to all relevant operating units in a timely manner. Policies that are properly developed and easy to find, read and understand promote:

  • excellence in our work;
  • operational efficiencies and best practices across the University;
  • compliance with applicable laws and regulations;
  • compliance with accounting and reporting standards.

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