Payment of Awards
As explained in the award notification, your financial aid (except Federal Work Study) will be applied as a direct payment to your charges of tuition and room and board. One-half of the value of your award will be credited to your account for each semester and will appear on the e-bill sent to you in July and December. Federal regulations allow financial aid to be automatically credited to a student's tuition and fees and room and board charges. Permission to credit aid for any other charges is gathered at the time the student applicant completes the university aid application. However, the student has the right to rescind this permission at any time by contacting the financial aid office. Guidelines governing refunds for students who withdraw from classes or from the university are outlined in the university catalog and the (for the current academic year) as well as the UIndy summer refund policy.
For students who have credited aid that exceeds charges, a refund will be released to BankMobile on the first day a student begins classes. After the first day of classes, refunds are available on Fridays. However, students who are paying university charges through one of UIndy’s payment plans are not eligible to receive any credit balance refunds until the payment plan contract is paid in full and the University has received all payments.
Want more information about BankMobile Disbursements and your refund options?
UIndy has partnered with BankMobile Disbursements to provide refund services for financial aid and tuition refunds. To learn more or select your refund option, visit www.RefundSelection.com.