It is important to understand how your student receives financial aid. All financial aid is applied to the Student’s Account at OU for the appropriate semester. If the student's aid exceeds the charges owed to OU, a refund is generated. If the student has direct deposit, the refund will be direct deposited into the student's bank account. If the student does not have direct deposit, then a refund check will be sent to the student. Student refund checks are mailed only on Fridays by the Office of the Bursar. A student can sign up for direct deposit through the Office of the Bursar.
If the refund is the result of a Federal Direct Parent PLUS being applied to the Student's Account, the PLUS refund will be mailed to parent borrower's address listed on the PLUS Application unless specified to go to the student on the PLUS Application.
The Office of the Bursar has outlined the disbursement process for financial aid recipients on their website.
For additional financial aid refund information, please click here.