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What is a Refund?

A student refund is the excess financial aid you can receive after aid has been disbursed and your outstanding balance for tuition and fees have been paid.

A refund will NOT be processed if there is a hold on your account. Holds can be viewed at MyFIU.

Refunds are processed by the Student Financials Office

Student refunds are processed automatically when there is a refundable credit on a student's 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 cancellation. Overpayment student refunds are not processed during the add/drop period.


How to Get Your Refund

Direct Deposit (Recommended)

Direct deposit is the fastest way to receive your refund. Designate your bank account on MyFIU. Only U.S. bank accounts can be used for direct deposit. 

  1. Log onto MyFIU. See Access MyFIU for help.
  2. Click on 'Financial Account' tile.
  3. Click on the  'Direct Deposit' link
  4. Enter the bank account details and click the 'Next' button
  5. Review and agree to the Direct Deposit Agreement
  6. Click the 'Submit' button

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. Some banks make take longer to process payments.

Paper Check

If a student does not set up direct deposit, they will be mailed a paper check to the home address on record with the university. This method is significantly slower than direct deposit. 

The home address must be a local U.S. address. To change address see Change Personal Information.

Request Replacement Check

Refund checks that are not cashed within 150 days from the issued date will be canceled 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. Once notarized, submit the original notarized form to the Student Financials Office.

Notary services are available at the Graham Center Office, GC 1215 on the Modesto A. Maidique Campus for a minimal fee.

Replacement Check Affidavit

Please note, this process may not be completed for direct deposit refunds.


What If My Refund Is Not What I Expected?

You can check Financial Aid on your MyFIU to verify your refund amount. If your enrollment, financial situation or living arrangements have changed, it is possible that triggered an award adjustment to your financial aid. See Accept Aid & Disbursements for more information.

Last updated: February 5, 2019