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Refund of Credit Balance

Early refunds, limit $1000,  may be requested one week prior to the start of each term if all financial aid requirements have been completed and Federal loan(s) have paid to the student account.

Any remaining credit may be requested at the end of the second week of class each term when all anticipated aid has paid to the student account.

Students have the option of the refund being processed through direct deposit (set up through eServices) or a check mailed to the permanent address. Students may also request funds be transferred to their Tigerbucks or Food Debit account.

Refund or transfer requests can be submitted online through eServices.  Excess funds from wire transfers will be returned to the original wire account.  If a credit card payment has been made to the student account, we are required to credit any refund back to the credit card within 90 days of the original payment.  If a check created the credit balance on the student account, refunds to the student will be processed after 10 business days.

If a Federal Direct Parent PLUS Loan exceeds the student's University charges, the refund will be made to the parent borrower unless the parent has completed the Parent Title IV Credit Balance Authorization allowing the credit to be used by the student.

RIT does not utilize a third party agency or bank to process its student refunds.  The University processes all student and parent refunds through its Accounts Payable Office.  If you have enrolled in direct deposit, refunds are sent directly from RIT to your bank account.  Check refunds are mailed directly from RIT to the student's home address.