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When To Expect A Refund
If the total amount of financial aid (loans, grants, scholarships, etc.) is greater than the total charges on a student's account, the student will be issued a refund. Refunds are mailed out to the student's permanent address, or the student can set up direct deposit through the Controller's Office and receive the refund directly into a bank account.
Can I buy books with my refund? Once you have your refund, you can use it to buy your books or to help with other educational expenses. Also, setting up a direct deposit with the Controller's Office will allow you to get your books a little faster than having a check mailed out to you. For instructions on signing up for direct deposit, see Direct Deposit of Refunds.
When will I get my refund? Refunds generally are issued about one week before classes begin for the fall and spring semesters and about three days before classes start for summer sessions. In order for a refund to be issued on time, all of the required documents need to be submitted to the Office of Student Financial Aid two to three weeks prior to the disbursement date. Visit the MyISU Portal, and click "View Financial Aid" in the Student Self Service badge to ensure all requirements are met.
Can I find out how much my refund will be? Before charges for tuition and housing are posted to your account, you can get an estimate of what your refund will be by adding up the total amount of aid awarded for the semester and subtracting your anticipated costs. To use the University's estimated cost calculator, visit tuition and fees. Once the charges are posted to your account, subtract the charges from your anticipated financial aid to find out how much your refund will be.
What if I need more money? If you need more financial aid in order to cover the cost of your education expenses, visit additional funding options.