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Are you eligible for a refund?

If you have a credit balance due to dropped courses, excess financial aid, or a resolved tuition dispute, you’ll receive a refund.

See your bursar balance

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.

Stop payment and ask for check to be re-sent

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.

General refund deadlines
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.

View the academic calendar Learn about dropping and adding classes

IU Indianapolis

Office of the Bursar

PO Box 6020
Indianapolis, IN 46206
USA

+1-317-274-2451

bursar@iu.edu