Are you eligible for a refund?
Set up direct deposit
Get your refund deposited into your checking or savings account.
Getting your refund
Refunds are usually processed within five business days after the credit is posted to your student account. When you receive it will vary, depending on whether you’ve set up direct deposit or are having a college refund check mailed to you. (Credit card payments that result in a credit balance will be refunded to the credit card and should appear within 10 business days.)
If you haven’t signed up for direct deposit, we’ll mail your check to your local address—so make sure you keep your address current. Mailed checks will usually arrive within 7–10 business days after the processing date shown on your account. If you don’t receive your refund check within 10 business days, you should issue a stop payment request so your refund can be re-sent to you.
How—and when—refunds are processed
Financial aid is normally credited to your account 10 days before the first day of classes, and we’ll process those refunds the same day. After this initial process is complete, refunds will be processed every Friday.
| Refund amount | 9–16 week courses | 5–8 week courses | 2–4 week courses | 1 week or less courses |
|---|---|---|---|---|
100% of course fees refunded |
1st week of classes |
1st week of classes |
2nd day of classes |
1st day of classes |
75% of course fees refunded |
2nd week of classes |
N/A |
N/A |
N/A |
50% of course fees refunded |
3rd week of classes |
2nd week of classes |
4th day of classes |
2nd day of classes |
25% of course fees refunded |
4th week of classes |
N/A |
N/A |
N/A |
If dropping a course results in a financial aid refund, the Office of Financial Aid and Scholarships may need to determine whether the refund is appropriate or if your aid must be adjusted for compliance reasons.
IU Indianapolis
Office of the Bursar
Indianapolis, IN 46206
USA