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 2024-2025 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 Dashboard: 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.
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.
