Student refunds are processed automatically when there is a refundable credit on the student account. Financial aid refunds are generally processed on Mondays, Tuesdays, and Thursdays. PLUS loan refunds are generally processed on Wednesdays.
Overpayment refunds (non-financial aid) are generally processed on Tuesdays. If the overpayment is funded by a paper check or e-check payment there is a ten day encumbrance from the payment date before a refund can be generated. Credit card refunds are generally generated on Wednesdays.
Refunds are usually not generated on bank holidays, last day to pay deadlines, and the day of the enrollment cancelation. Overpayment student refunds are not processed during the add/drop period.
Direct deposit is the preferred method to receive a student refund. Students can have their refunds deposited directly to their bank account with this service.
To setup direct deposit, log in to your My.FIU.edu account and follow the steps below:
Note: Only U.S bank accounts can be used for direct deposit.
Once your refund is processed, it will take approximately 24 to 48 business hours to be deposited into your bank account.
As of June 1, 2015, the Student Financials Office no longer mails refund checks. All refunds issued by check can be picked up at Campus Support Complex (CSC): room 336, at the Modesto A. Maidique Campus (MMC), Monday – Friday from 9:00am – 4:00pm, the day after the check date. Only FIU One Card Photo IDs are accepted for the check pick up process.
A refund will not be processed if there is a HOLD on the student account. Holds can be viewed at My.FIU.edu.
Refund checks that are not cashed within 150 days from the issued date will be cancelled and a stale-dated hold will be placed on the student’s account.
If you are eligible for a replacement check, you will need to complete and notarize a Replacement Check Affidavit form from the Student Financials Office located in the Modesto A. Maidique Campus, SASC 101 or Biscayne Bay Campus, AC1 140. Once notarized, submit the original notarized form to the Student Financials Office.
Please note, a Replacement Check Affidavit may not be completed for direct deposit refunds.