Refunds
Excess financial aid money will automatically be refunded to students starting on the third day of classes. Students with excess personal payments will receive a refund after the Add/Drop Deadline.
If you have a direct deposit set up, you will likely 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 as 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, contact Enrollment Services.
Direct Deposit
Direct deposit is the fastest and most straightforward way to receive excess financial aid funds. Your refund will be deposited directly into the bank account of your choice 2-3 business days after it begins. When setting up direct deposit, you will need your bank account and routing number.
Part-Time Refund Hold
Financial aid refunds are not issued to part-time students (enrolled in less than 12 credit hours) 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 your refund amount. Your refund will not be sent until one of these conditions is met:
- You become a full-time student (for tuition assessment purposes).
- You notify BYU that you have finalized your registration for the current semester/term.
If your schedule is finalized and you plan to remain a part-time student, go to Part-Time Status on My Financial Center to notify BYU to release your part-time refund hold. The refund process will begin on the 3rd day of classes.
International Refund (PayMyTuition)
BYU has partnered with PayMyTuition to process international student refunds. The steps below outline our international refund process and provide timelines of when you can expect your refund to be deposited to your bank account.
- Initiate Refund: Upon Brigham Young University's approval of your refund, you will receive an email from studentrefunds@paymytuition.com. Please keep an eye out for this email, which will provide you with further instructions on how to complete your refund process.
- Enter Beneficiary Details: Complete the online refund beneficiary instruction form, which includes currency, banking, and beneficiary instructions.
- Compliance Verification: On receipt of your completed beneficiary instructions, PayMyTuition will verify your request for accuracy and will complete various fraud and compliance checks to comply with multiple anti-money laundering and compliance laws.
- Payment Confirmation: PayMyTuition will send you a confirmation email once your beneficiary information has been verified and approved. You will also receive a password-protected PDF summary. This PDF can be accessed by entering the bank account number that you entered on your beneficiary instruction form (step 2 above).
- Refund Initiated: Once refunds have been processed, you will be notified that your refund has been settled. Please allow 3-5 business days for the payment to be deposited into your account.