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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 2020-2021 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.

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.

 

 

2020-2021 Disbursement Schedule 

Full-Time Undergraduate Day Programs

Summer 2020 May 22, 2020
Fall 2020 August 21, 2020
Spring 2021 January 8, 2021

2020-2021 Disbursement Schedule

College of Professional Studies  

Summer 2020 May 22, 2020
Fall 2020 August 21, 2020
Spring 2021 January 8, 2021

2020-2021 Disbursement Schedule 

Graduate Students in an On-Campus Program

Summer 2020 May 22, 2020
Fall 2020 August 21, 2020
Spring 2021 January 8, 2021

2020-2021 Disbursement Schedule 

Programs through Online HRD, MPA, and

RN-BSN

Summer I 2010 May  4, 2020
Summer II 2020 July 6, 2020
Fall I 2020 August 31, 2020
Fall II 2020 October 26, 2020
Spring I 2021 January 19, 2021
Spring II 2021 March 15, 2021

2020-2021 Disbursement Schedule 

BSN-Express Program

Summer 2020 May 22, 2020
Fall 2020 August 21, 2020
Spring 2021 January 8, 2021

2018-2019 Disbursement Schedule 

Master of Finance (MSF)

Summer 2018 June 1, 2018
Fall 2018 August 24, 2018
Spring 2019 January 11, 2019

2018-2019 Disbursement Schedule 

Master of Accounting (MAC)

Fall 2018 August 24, 2018
Spring 2019 January 11, 2019

2019-2020 Disbursement Schedule 

MBA FAST & FLEX Track Programs

Summer 2019 May 17, 2019
Fall 2019 August 23, 2019
Spring 2020 January 10, 2020

2019-2020 Disbursement Schedule 

MBA & MSA Online Programs

Summer 2019 May 20, 2019
Fall 2019 September 3, 2019
Spring 2020 January 21, 2020
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New Office Hours:

Monday, Tuesday & Thursday:             8:30 AM-5 PM

Wednesday: 1 PM-5 PM

Friday: 8:30 AM-1 PM

 

Office of Financial Assistance
Villanova University
800 Lancaster Ave
Kennedy Hall, Second Floor
Villanova, PA 19085
Email: finaid@villanova.edu

Freshman Class of 2025 Financial Assistance Application Deadlines:*

*Financial Aid Applications will be available to complete starting October 1st.

Early Decision I Applicants:            November 15, 2020

  • Award Notification:            December 21, 2020

Early Action Applicants:               December 1, 2020

  • Award Notification:            April 1, 2021

Early Decision II & Regular Decision Applicants:    January 15, 2021

  • Award Notification:            April 1, 2021
 
  • 2021-2022 Free Application for Federal Student Aid (FAFSA) must be filed online at https://fafsa.ed.gov 
  • 2021-2022 CSS Profile must be filed online at https://cssprofile.collegeboard.org/
  • Signed copies of custodial parent(s)', stepparent's, and student's 2019 US Federal or Puerto Rico Tax Return as well as 2019 Federal W-2's, 1099/1099R's, and all tax schedules must be submitted to IDOC.

*If the student is selected for federal verification, additional documents will be requested.

IRS Data Retrieval Tool

The IRS Data Retrieval Tool for the 2021-2022 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.

 

The Villanova University Financial Assistance Deadline for 2021-2022 Returning Students is:

April 1, 2021 - Completed application materials must be postmarked by this date.

·2021-2022 Free Application for Federal Student Aid (FAFSA) must be filed PRIOR TO this date online at https://fafsa.ed.gov.

·2021-2022 CSS Profile must be filed PRIOR TO this date online at https://cssprofile.collegeboard.org/.

·Completed signed copies of custodial parent(s)’, stepparent’s, and student’s 2019 US Federal or Puerto Rico Tax Return as well as 2019 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*

*If the student is selected for federal verification, additional documents will be requested.