Refunds
Refund Policy
Refunds: Refunds will be deposited via Electronic Funds Transfer(EFT) . The amount of refund will be determined by the Adjustment/Refund Schedule. Refunds for financial aid recipients who withdraw (drop all classes) may be applied first to any aid programs from which the student received aid.
Direct Deposit:Direct Deposit: Effective November 1, 2009, KU has a new refund policy for Lawrence and Edwards Campus students requiring direct deposit for student account refunds. Students may sign up for Direct Deposit through Enroll & Pay > Campus Finances > Direct Deposit for Refunds located at http://sa.ku.edu. Or, a Direct Deposit Authorization Form located at http://www.bursar.ku.edu (select Forms) may be filled out and brought to the Bursar's Office. Once you have submitted the form, any excess financial aid and other credit balances will be electronically transferred to your designated bank account each semester. If you change bank accounts, you must update your bank information online or with a new Direct Deposit form. Parents who are securing a Parent Plus Loan may also enroll in Direct Deposit by filling out the Direct Deposit Authorization form.
Note: Students and Parents who do not personally deliver the form to the Bursar's Office must have the form notarized.
Financial Aid
Financial Aid and Scholarship Disbursement (FASD)
Effective November 1, 2009, KU has a new refund policy for Lawrence and Edwards Campus students requiring direct deposit for student account refunds. If you have excess financial aid, you may receive a refund by one of the following options:
Direct Deposit into your bank account :
Students may sign up for Direct Deposit through Enroll & Pay>Manage Account> Direct Deposit for Refunds. Or, a Direct Deposit Authorization form located at www.bursar.ku.edu (select Forms) may be filled out and brought to the Bursar's Office. Once you have submitted the form, any excess financial aid and other credit balances will be electronically transferred to your designated bank account each semester. If you change bank accounts, you must update your bank information online or with a new Direct Deposit form. Parents who are securing a Parent Plus Loan may also enroll in Direct Deposit by filling out the Direct Deposit Authorization form.
Note: Students and Parents who do not personally deliver the form to the Bursar's Office must have the form notarized.
Mail
To temporarily accommodate those who have not yet enrolled in Direct Deposit, paper checks will only be mailed once a week. All checks will be mailed to the student's billing address. Verify your billing and permanent addresses on the Enroll & Pay system. If no billing address exists, the permanent address will be used.
Other Refund Types
General Payment Refunds
General payment refunds are disbursed after the 20th day of class. Thereafter, general payment refunds are subject to a 14 day encumbrance from the date of payment before being disbursed in the next scheduled refund batch. Effective November 1, 2009, KU has a new refund policy for Lawrence and Edwards Campus students requiring direct deposit for student account refunds.
Direct Deposit into your bank account
Students may sign up for Direct Deposit through Enroll & Pay>Manage Account> Direct Deposit for Refunds. Or, a Direct Deposit Authorization form located at www.bursar.ku.edu (select Forms) may be filled out and brought to the Bursar's Office. Once you have submitted the form, any excess financial aid and other credit balances will be electronically transferred to your bank account each semester. If you change bank accounts, you must update your bank information online or with a new Direct Deposit form.
Important: Students who do not personally deliver the form to the Bursar's Office must have the form notarized.
Withdrawing / Dropping hours
Depending on when you withdraw from the University, you may or may not owe for tuition and fees. Please refer to the Registrar's website at www.registrar.ku.edu for more information and a refund schedule.
Canceling your enrollment
If you wish to cancel your enrollment, you may do so online at www.withdraw.ku.edu. If you do not intend to return to KU for the start of a new term, you must properly cancel your enrollment before the due date to avoid late fees. If you have accepted financial aid, you must also submit a written request to the Office of Student Financial Aid (OFSA) to cancel your awards. For additional information refer to the Withdraw/Dropping Information Sheet at www.financialaid.ku.edu.
Direct Deposit
KU has a new refund policy for Lawrence and Edwards Campus students requiring direct deposit for student account refunds. Students may sign up for Direct Deposit through Enroll & Pay > Campus Finances > Direct Deposit for Refunds located at http://sa.ku.edu. Or, a Direct Deposit Authorization Form located at http://www.bursar.ku.edu (select Forms) may be filled out and brought to the Bursar's Office. Once you have submitted the form, any excess financial aid and other credit balances will be electronically transferred to your designated bank account each semester. If you change bank accounts, you must update your bank information online or with a new Direct Deposit form. Parents who are securing a Parent Plus Loan may also enroll in Direct Deposit by filling out the Direct Deposit Authorization form.
Important: Students and Parents who do not personally deliver the form to the Bursar's Office must have the form notarized..
