A refundable credit balance may result on your student account because of financial aid disbursements, over-payments and/or account adjustments. All refunds are issued to the student, with the exception of refunds resulting from excess Parent PLUS Loans.
Refunds resulting from financial aid and loan payments are issued after the initial disbursement of financial aid, which generally occurs 10 days prior to the start of the semester. Refunds are processed continually during the semester as aid is credited to the student account.
The fastest way to receive your refund is to enroll in the direct deposit of student refunds (Parent Plus Loan refunds must be issued by check). Students who do not enroll in the direct deposit of student refunds will have their refund issued by check.
If you drop a course or withdraw from the university completely, your tuition and registration fee charges are subject to the university Refund Schedule policy. If you are a financial aid recipient, your refund will not be processed until a calculation is performed to determine the amount of financial aid, if any, you are still eligible to receive.
If the posting of your student aid or loan results in a credit balance, 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.
Federal regulations require that any excess PLUS Loan funds be issued or refunded to the parent. However, the parent (PLUS Loan borrower) may authorize New York University in writing to transfer or refund the proceeds of a PLUS Loan to a student directly. Written authorizations may be sent to the Office of the Bursar and are valid for one aid year only.
Please include a copy of your photo ID with this form. Forms that are not signed or not accompanied with a copy of a photo ID will not be processed.
Note: Some charges may still be present on the University bill even though a refund was issued. Federal regulations allow New York University to apply Title IV funds (Stafford, PLUS, PELL, SEOG, etc.) to pay the student’s tuition, registration and services fees, and room and board charges.
Non-institutional charges such as finance charges, late payments fees, etc. cannot be paid from your TITLE IV aid. This may result in a refund being generated leaving an outstanding balance on your account for which you are responsible for paying. Students receiving TITLE IV aid who withdraw completely may be billed for remaining NYU account balance resulting from the mandatory return of funds to the U.S. government. Students are responsible for reviewing their bill and ensuring that all charges are paid by the due date.
If you waive your student health insurance, change your meal plan or on-campus housing assignment, overpay and there a credit balance on your student account, 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.
If the credit balance is created because of an over-payment made by check or electronic check, the refund will not be processed for at least ten (10) business days to allow time for the check payment to clear the bank.
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 be faster than waiting for the check to arrive in the mail.
Students who are not enrolled in the direct deposit of student refunds will have their refund issued by check.
Refund checks will be mailed to:
Permanent address — for Undergraduate students
Local address — for Graduate and Diploma students
To ensure receipt of your refund check, it is important to maintain your address in Albert Student Center.
* 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
If you would like the university to return loan funds that have been disbursed to us, or for which you have received a refund check, please complete a Request to Return Loan Funds form. Please attach the refund check, if applicable when submitting the form.
Parent Plus Loan Borrowers who wish to return loan funds would have to obtain the form from the student.
Please include a copy of your photo ID with this form when requesting loan funds to be returned. Forms that are not signed or not accompanied with a copy of a photo ID will not be processed.
NOTE: New York University can only return Federal Direct Loan funds if the disbursement date (the date the funds post on your account) has not exceeded 120 days. Please round the amount you would like to return to the lender to the nearest dollar.
*Please allow 5 business days for processing.
If you wish to cancel all or part of any disbursement of your loan more than 120 days after it was disbursed, you are actually repaying part of your loan and you must pay any accrued interest and/or fees. You may make a payment directly to your federal loan servicer.
Borrowers are assigned to a loan servicer by the U.S. Department of Education. If you are not sure which of the centers is your assigned servicer, visit and log into the federal government’s National Student Loan Data System to determine your servicer. You may also call 1-800-4-FED-AID to locate your servicer.
Placing a Stop Payment on a Student Refund Check
If a refund check was issued to you but you have not received the check in the mail, you may request for a stop payment and re-issue of the check by completing the following form. Please include a copy of your photo ID with this form when requesting your stop payment. Forms that are not signed or not accompanied with a copy of a photo ID will not be processed.
Enroll in the direct deposit of student refunds to ensure you receive your refund.
Protecting Your Valuable College Investment
Tuition Refund Insurance, provides families an option to protect their hard earned tuition dollars. This coverage complements New York University's Refund Policy for Dropping Classes, allowing students to receive up to 100% refund, up to the policy limits, throughout the term for a covered medical withdrawal.
Tuition Refund Insurance reduces the financial risk inherent in the investment in higher education by refunding lost tuition, academic fees and other related expenses, up to the policy limits, should a student be forced to withdraw for medical reasons.
We are pleased to offer Undergraduate students a Tuition Refund Insurance program. Refunds are paid by GradGuard to the University for credit to the student account. Outstanding loans, grants, scholarships, etc. would be paid before any remaining funds are refunded to the student.