Payment of Awards

As explained in the award notification, your financial aid (except college 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 billings mailed to you in July and December. As Stafford loans cannot be disbursed until immediately prior to the beginning of the enrollment period, loan proceeds will not be reflected on initial billings each semester, but will be credited to your account when available. 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 UIndy refund policy brochure (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 post to your individual Higher One debit card account (if activated) on the first day of classes each semester. If the Easy Refund Debit Card method was chosen as your refund method (when originally activated), your refund will be available to you traditionally after 12:00 pm. 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 Higher One and the Easy Refund debit card?

UIndy has partnered with Higher One to provide disbursement services for financial aid and tuition refunds through the Easy Refund Card. To learn more, visit EASYREFUND.COM. You may also view an entire suite of brief Easy Refund orientation videos by clicking here.