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.
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.
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.
To set up direct deposit, log in to your My.FIU.edu account and follow the steps below:
Please note that it will take approximately 24 to 48 business hours from the date the refund was processed 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 MMC, Monday – Friday from 9am – 4:30pm, the day after the check date. Only FIU One Card Photo ID’s 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, PC-120 or Biscayne Bay Campus, AC1-140. Once notarized, you will need to submit the original notarized form to the Student Financials Office.
Please note a replacement check affidavit is not required for a direct deposit refund. In most circumstances the direct deposit refund will be returned to the financial institution for FIU within 24 to 48 business hours.