Refunds are processed and issued daily - either by direct deposit or check.*
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 U.S. checking account, at the financial institution of choice, which is faster than waiting for the check to arrive in the mail.
All refunds are issued to the student, unless the credit balance is the result of a credit balance from a Parent Plus Loan.
* Refunds can be issued to the originating bank account if the payment method used is flywire (by peerTransfer) at a flat fee of $35.00 and any applicable foreign exchange costs