Refunds
Direct deposit gets your refund from your student account into your checking account no matter where you are!
Automatic Direct Deposit Refunds for Fall 2009 began 08/18/2009.
During summer, refunds are available by request only...
Important Information About Your Title IV Financial Aid...
How to request a Refund from your Student Account when there is a qualifying credit balance:
Refunds for additional charges, including but not limited to, housing and meal plans will be determined by the office assessing the charge. In the event of a revocation of registration, 100% of any tuition paid for that semester will be first applied to any outstanding debt and any remaining credit will be available for refund. Students must request refunds from the Cashier's Office. Financial Aid recipients may also be entitled to receive a refund if their aid exceeds their tuition charges.
Processing Time for Refunds and ACH Applications:
| # Days |
|
| 5-7 |
Automatic (ACH) setup for NEW applicants:
ACH / Direct Deposit APPLICATIONS require 5-7 business days for handling (as we prenote your account, ie: electronically notify your bank that we will send refunds to your account). Once the prenote process has completed, a refund request may begin processing, which takes an additional 2-3 business days. |
| 2-3 |
Automatic (ACH) refunds (when no credit card payments were used):
Once you see the "Cashier's Office" refund on your student account, your refund has been processed and submitted to your bank. The money will be posted to your bank account 2-3 business days later, depending on your bank (i.e.: Refunds processed on Fridays should be available by Wednesday. Refunds processed on Monday should be available by Thursday). |
| 7-10 |
Credit Card refunds:
If you signed up for direct deposit, but settled any portion of your student account with a credit card, the credit card will have to be credited back first. Credit Card refund processing time is 7–10 business days. Any additional monies may then be processed as an ACH refund which will post to your bank account (see above). |
| 10+ |
Check refunds:
Your refund may take up to a minimum of an additional 10 business days for processing and mailing (longer if mailed outside US). |
* Important facts to remember about Refunds:
- If you are signed up for Payment Plan, refund requests must go to Student Financial Services.
- Fall / Spring refunds are available to be requested beginning the Wednesday before the start of classes. Summer Refunds are available beginning the first day of the main session of summer classes.
(See Schedule of Classes for term refund dates)
- Payments made by check and online USCe.pay account transfer payments require 10 business days after they are received (to clear your bank) to become eligible for a refund.
- Automatic (ACH) Direct Deposit applications / changes take about 2 business days to process before the student account can become eligible for processing automatic (ACH) refunds
- Automatic (ACH) refunds are not available during summer terms. This means that during summer terms, refunds must be requested and will not be automatic.
Withdrawal Tuition Refund Policy
Tuition and fees are refundable only by processing a cancellation of enrollment or change of program application through the Office of Academic Records and Registrar and are entirely at the option of the university. Informing your academic department or your instructor does not constitute withdrawal from the course. All withdrawals must be requested and processed by the end of the third week of classes (for most sessions: check the Schedule of Classes for your session's requirements) to be eligible for refund.
Withdrawals
All withdrawals must be processed by WebReg or through the Office of Academic Records and Registrar ( See Guidelines for Withdrawal (pdf document) ). You will be held financially liable for all classes that appear on the face of the Registration Confirmation. It is your responsibility to officially withdraw from any class which you are not attending, including but not limited to:
- classes which have been discontinued at the university's option
- situations in which you never attended even the first class meeting
All withdrawals must be requested and processed by the end of the third week of classes (for most sessions: check the Schedule of Classes for your session's requirements) to be eligible for refund. You will receive 100% refund of tuition and fees for all withdrawals completed by the end of the third week of classes (for most sessions). There is no refund for classes withdrawn from after this date.
Medical Withdrawals - Tuition Refund Insurance
Read about: Medical Withdrawal Refunds and the USC Tuition Refund Insurance Program