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Refunds refer to excess amounts of money on your student account after payments are made. Set up Direct Deposit to receive refunds quickly.

Set Up Direct Deposit

Refunds refer to excess amounts of money on your student account after payments are made. Excess financial aid money will automatically refund to you. The refund process begins on the 3rd day of classes (or 4th day of classes during the spring term). Students with excess payments (money they have put on their account) will not be automatically refunded but can request a refund after the add/drop deadline. 

If you have direct deposit set up, you are likely to receive your excess financial aid money 1-3 days after the refund process begins. If you did not set up direct deposit, your money will be mailed in the form of a check to whatever address is listed in your Personal Information on myBYU (allow 10 business days for the check to arrive).

If it has been longer than 10 business days and you have not seen your refund check, send Enrollment Services a YMessage or call at 801-422-4104.

Direct Deposit

Direct deposit is the fastest and simplest way to receive your excess financial aid funds. Your refund will be deposited directly into the bank account of your choice in 2-3 business days after refunding begins.

You will need your bank account and routing number information when setting up direct deposit.

Part-time Refund Hold

Financial aid refunds are not issued to part-time students until after the add/drop deadline. This is because adding additional credit hours before the add/drop deadline may increase your tuition charges, which may also change the amount of your refund. Your refund will not be sent until one of these conditions are met:

  • You become a full-time student (for tuition assessment purposes)
  • You notify BYU that you have completed your registration for the current semester/term

You may also wait until after the add/drop deadline for your refund to be issued.

If your schedule is set and you plan to remain a part-time student, go to Part-time Status on My Financial Center where you can notify BYU to release your part-time refund hold. The refund process will begin on the 3rd day of classes (or 4th day during the spring term).

Release Part-time Refund Hold

Picture describing the refund process, called Where's my money? First, set up direct deposit online. Second, the money will post to your student account seven days before classes start. Third, that money will pay appropriate fees including tuition, fees, and housing. For details check your transaction history on my financial center. Classes will begin but excess money is sent to your bank on the third day of classes. Your refund is available at your bank one to three business days later.