Financial aid refunds will be issued when financial aid funds are in excess of tuition and fees for a given term. Financial aid disbursements are based on a student’s current enrollment and the completion of any necessary requirements. Refunds of financial aid funds will begin on the first day of the term.
The Office of the Bursar offers direct deposit as a more convenient means of issuing refunds to students. Instead of mailing a check, we will deposit the funds directly into the student's bank of choice.
Refunds issued by direct deposit are processed Monday through Friday during the first three weeks of the semester. After the third week of the semester, refunds by direct deposit are processed on Tuesdays and Thursdays. Refunds via check are mailed on Fridays to the student’s mailing address.
Enrollment is a two-step process:
- Enter bank account information
- Assign the bank account to direct deposit
Both steps must be completed or the direct deposit enrollment will not be valid. Incomplete direct deposit enrollments will result in a mailed check.
To start the direct deposit enrollment process, sign into the MyOHIO Student Center. In the Finances section, select "Enroll in Direct Deposit" from the dropdown menu.
After entering your bank account information in step one, be sure to click “Proceed to Enroll in Direct Deposit,” otherwise enrollment in direct deposit is not complete. Enrollment is complete when the message, “Congratulations! You are now enrolled in direct deposit” has been displayed.