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. Refunds are automatically generated at the beginning the fifth week of classes, unless otherwise noted. You may request your refund before the fifth week of classes by contacting our office.
Refund resulting from Title IV Aid
If the receipt of your TITLE IV aid (Stafford, PLUS, PELL, SEOG, etc.) results in a credit balance on your student account, a refund is automatically generated and issued to you, unless there is a hold on your account. Holds can be viewed in the Albert Student Center.
If your account is paid partly by a Parent Plus Loan and results in a credit balance, the refund check is issued to the borrower of the loan to the extent of the PLUS Loan processed.
All refunds are issued to the student, with the exception of refunds resulting from excess Parent PLUS Loans.
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.
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. Students who do not enroll in the direct deposit of student refunds will have their refund issued by check.
About This Policy
Effective Date Supersedes N/A Issuing Authority Executive Vice President for Finance and Information Technology Responsible Officer 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.