Disbursements and Refunds

Once a student's financial aid requirements are complete financial aid (which includes federal and institutional grants, scholarships, and loans as well as any private educational loans) is disbursed at the beginning of each semester for which the aid was awarded.  To view the disbursement dates for the 2017-2018 Academic Year please see the chart below.

All student loan funds will be disbursed to your account no earlier than 10 days before the first day of class each semester.   The time frame for disbursing loan funds cannot be changed; therefore, we recommend that you be prepared for any expenses (moving expenses, rental deposits, etc.) you may incur before your refund becomes available.

If your total aid exceeds the charges on your bill you will have a credit balance on your student account.  You can request this credit balance, generally referred to as a refund, from the Bursar's Office via your MyNova account through the Bursar Tab: Student Refund Request.  Please note that refunds are not issued until after the add/drop period of each semester.  It is highly recommended that you set up e-Refund to get your credit balance direct deposited into your banking account.  For instructions on setting up e-Refund please visit the Bursar's Webpage.  Any questions regarding the V-Bill, amount due, billing/charges, refunds, and refund amount please direct them to the Bursar's Office.

Students have various options for receipt of direct payments from the University (credit balance refunds).  Credit balance refunds can be electronically deposited in the bank account of the student’s choice, including:

  •  A financial account belonging to the student

(NOTE: Students are not required to open or obtain a financial account or access device offered by or through a specific financial institution in order to receive these payments.)

  • Another financial account (such as an account belonging to a parent or guardian)
  • If a student has elected to open an account with Wells Fargo, or has linked their Wildcard to a Wells Fargo account, that account may be (but is not required to be) used for credit balance refunds.  Pursuant to federal regulations, the University is required to provide information on the major features and commonly assessed fees associated with these accounts, as well as the terms and conditions of each account.  This information can be found on the Wells Fargo Information link.  Wells Fargo account information.

Other options for receipt of credit balance refunds:

  • Wildcard: Students who would like to have credit balance refunds deposited to their Wildcard must request this action in person in the Bursar’s Office in Kennedy Hall.
  • Check (NOTE: If the student does not make an affirmative selection, a check will be issued in the student’s name and mailed to the permanent home address on file.)

Students may change their previously selected payment option by providing written notice of the change within a reasonable time.

If a student withdraws or requests a Leave of Absence from the University and has utilized Federal Title IV funds during the semester in which they withdraw, the Office of Financial Assistance will determine if any amount of funding will be returned to the Federal program(s) based on the federally mandated calculation. A withdrawal or Leave of Absence from the University is defined as a student who drops all of their courses after the add/drop period for that given semester. Please view the complete policy regarding Return of Title IV Funds.  For information regarding tuition refunds due to a withdraw, please visit the Bursar's webpage.

 

 

2017-2018 Disbursement Schedule 

Full-Time Undergraduate Day Programs

Summer 2017 May 26, 2017
Fall 2017 August 18, 2017
Spring 2018 January 12, 2018

2017-2018 Disbursement Schedule

College of Professional Studies  

Summer 2017 May 26, 2017
Fall 2017 August 18, 2017
Spring 2018 January 12, 2018

2017-2018 Disbursement Schedule 

Graduate Students in an On-Campus Program

Summer 2017 May 26, 2017
Fall 2017 August 18, 2017
Spring 2018 January 12, 2018

2017-2018 Disbursement Schedule 

Programs through Bisk

Summer I 2017 May  8, 2017
Summer II 2017 July 10, 2017
Fall I 2017 September 5, 2017
Fall II 2017 October 30, 2017
Spring I 2018 January 16, 2018
Spring II 2018 March 12, 2018

2017-2018 Disbursement Schedule 

BSN-Express Program

Summer 2017 May 26, 2017
Fall 2017 August 18, 2017
Spring 2018 January 12, 2018

2017-2018 Disbursement Schedule 

Master of Accounting (MAC)

and

Master of Finance (MSF)

Summer 2017 May 19, 2017
Fall 2017 August 18, 2017
Spring 2018 January 12, 2018

2017-2018 Disbursement Schedule 

MBA FAST & FLEX Track Programs

Summer 2017 May 17, 2017
Fall 2017 August 18, 2017
Spring 2018 January 12, 2018

2017-2018 Disbursement Schedule 

VSB Online Programs

Summer 2017 May 22, 2017
Fall 2017 August 28, 2017
Spring 2018 January 22, 2018
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Please contact us with any questions.

Office of Financial Assistance
Villanova University
800 Lancaster Ave
Kennedy Hall, Second Floor
Villanova, PA 19085
Telephone: (610) 519-4010
Fax: (610) 519-7599
Email: finaid@villanova.edu

Freshman Deadlines

Freshman Class of 2022 Financial Assistance Application Deadlines:

Early Decision Applicants:            November 1, 2017

Early Action & Regular Decision Applicants: January 15, 2018

  • 2018-2019 Free Application for Federal Student Aid (FAFSA) must be filed online at www.fafsa.gov 
  • 2018-2019 CSS Profile must be filed online at profileonline.collegeboard.org
  • Signed copies of custodial parent(s)', stepparent's, and student's 2016 US Federal or Puerto Rico Tax Return as well as 2016 Federal W-2's, 1099/1099R's, and all tax schedules must be submitted to IDOC.

**Early Decision Award Notification: December 15, 2017

**Early Action & Regular Decision Award Notification: April 1, 2018

Returning Student Deadlines

The Villanova University Financial Assistance Deadline for 2018-2019 Returning Students is:

April 1, 2018 - Completed application materials must be postmarked by this date.

·2018-2019 Free Application for Federal Student Aid (FAFSA) must be filed PRIOR TO this date online at www.fafsa.gov.

·2018-2019 CSS Profile must be filed PRIOR TO this date online at profileonline.collegeboard.org.

·Completed signed copies of custodial parent(s)’, stepparent’s, and student’s 2016 US Federal or Puerto Rico Tax Return as well as 2016 W-2’s, 1099/1099R’s, and all tax schedules must be submitted to IDOC. *Do not submit tax documents to the Office of Financial Assistance*

IRS Data Retrieval Tool

The IRS Data Retrieval Tool for the 2018-2019 academic year is available as of October 1st to complete the FAFSA and Federal Verification Process.  We strongly recommend utilizing this tool when completing the FAFSA to ensure that all information is accurate.  Please refer to Step 4: Federal Verification for complete instructions.

Please Note: The IRS Data Retrieval Tool is still unavailable for the 2017-2018 academic year.  While this tool is down, anyone selected for the Federal Verification Process for the 2017-2018 academic year must submit Signed Federal Income Tax Returns, for tax filers, and/or the Signed Non-Tax Filer Statement, for non tax-filers.