Financial Aid Refunds - Ivy Tech Community College (2024)

What is a Financial Aid refund?

On occasion, the school may have money for you in the form of a refund. Some of the reasons you might receive money include: dropping a class or the receipt of financial aid or a grant.

Financial Aid Posting Date

For theSpring 2024 semester, federal financial aid will begin posting to student accounts onFebruary 4, 2024,for students enrolled16-week and 1st 8-week courses, andApril 6, 2024for students enrolled in2nd 8-week courses.

Refunds can begin to post in the next business day's nightly processes. Each student's situation is different based on numerous factors, therefore not every student’s financial aid or refund will be posted at the same time.

Please note:

Loan funds for first-year, first-time loan borrowers cannot be posted to the Student Account until 30 days after the student's course(s) have begun. (This applies to loans only, not other types of aid such as Pell grants and scholarships). The term "first-year, first-time borrower" applies to students who have never had a student loan at Ivy Tech or any college/university, and have either earned less than 30 credit hours or are enrolled in a technical certificate (TC) or certificate of training (CT) degree.
Loan funds for one semester only will be posted in two installments within the term.
All Summer loans are for one semester only and thus will post in two installments within the term.

Spring 2024 Tuition Refund Schedule
Course Length	Start/End Dates	Last Day for 100% Tuition Refund
2 Week Intercession	January 2, 2024 – January 14, 2024	January 2, 2024
1 Week Intercession	January 9, 2024 – January 14, 2024	January 9, 2024
16 Week	January 16, 2024 – May 12, 2024	January 29, 2024
12 Week (Early Start)	January 16, 2024 – April 14, 2024	January 25, 2024
12 Week (Standard)	February 12, 2024 – May 12, 2024	February 21, 2024
First 8 Weeks	January 16, 2024 – Mar 10, 2024	January 23, 2024
Second 8 Weeks	March 18, 2024 – May 12, 2024	March 25, 2024
First 4 Weeks	January 16, 2024 – February 11, 2024	January 19, 2024
Second 4 Weeks	February 12, 2024 – March 10, 2024	February 15, 2024
Third 4 Weeks	March 18, 2024 - April 14, 2024	March 21, 2024
Fourth 4 Weeks	April 15, 2024 - May 12, 2024	April 18, 2024
1 Week (First 8 Weeks)	January 16, 2024 - January 21, 2024	January 16, 2024
	January 22, 2024 – January 28, 2024	January 22, 2024
	January 29, 2024 – February 4, 2024	January 29, 2024
	February 5, 2024 - February 11, 2024	February 5, 2024
	February 12, 2024 – February 18, 2024	February 12, 2024
	February 19, 2024 – February 25, 2024	February 19, 2024
	February 26, 2024 - March 3, 2024	February 26, 2024
	March 4, 2024 - March 10, 2024	March 4, 2024
1 Week (Second 8 Weeks)	March 18, 2024 - March 24, 2024	March 18, 2024
	March 25, 2024 – March 31, 2024	March 25, 2024
	April 1, 2024 – April 7, 2024	April 1, 2024
	April 8, 2024 - April 14, 2024	April 8, 2024
	April 15, 2023 - April 21, 2024	April 15, 2024
	April 22, 2024 – April 28, 2024	April 22, 2024
	April 29, 2024 - May 5, 2024	April 29, 2024
	May 6, 2024 - May 12, 2024	May 6, 2024

Refund Process

1. Check Account Status
Prior to the refund disbursem*nt date, estimated financial aidappears on theMyAccountpage inIvyPay(see screenshot below). To access IvyPay, log in toMyIvy, clickMy Account Balancein theMy Infosection.
2. Check for Posting of Financial Aid
After the financial aid refund posting date, you will know that your aid has posted when your account looks like one of the following two screenshots.
Screenshot #1: All of your aid has been posted.The negative amount due is the amount you will receive back as a refund within 14 days.
Screenshot #2: Partial aid has posted.The negative amount due on line one (Amount Due) is the amount you will receive back as a refund within 14 days. Remaining financial aid should be released at a later date.
It is possible that only a portion of your aid will post to your account, leaving a balance in yourEstimated Financial Aid. Reasons for partial aid disbursem*nts include:
1. A 30-day delay in your loan for first-time, first-year loan borrowers
2. A single-term loan (Fall only or Spring only) which requires the 2nd installment after mid-point of the student’s enrollment period
3. An incomplete requirement needed to fully disburse the remaining estimated aid.(Login toMyIvy>Tools & Resources>Financial Aid Requirements>Requirements, Verification Documentation and Financial Aid Authorization Forms)
4. A recent enrollment change which may require an aid adjustment. Enrollment changes are routinely reviewed and adjusted as needed by your Financial Aid Office.Continue to monitor your student account activity using theMy Account Balancelink.
3. View Account Activity
Your amount due goes from a negative number to a zero balance (not including any remaining estimated aid) and you see the word "Refund" on theView Account Activitypage (as shown below in the red section). We "zero out" students in a computer process late at night, every weeknight, until all refunds are processed. After you zero out, it takes 2 business days to transfer the money to BankMobile. The transfer of funds usually occurs around noon on that 2nd business day.
4. Receive Your Financial Aid Refund
Ivy Tech has partnered with BankMobile Disbursem*nts to deliver your financial aid refund. Visit BankMobile to learn about disbursem*nt options.
For information about refunds, please visit theBankMobilepage on the Ivy Tech website.
5. BankMobile Refunds
Ivy Tech delivers your refund withBankMobile Disbursem*nts, a technology solution, powered by BMTX, Inc.
Although you may not be expecting a refund, we encourage all students to select a safe, efficient refund delivery preference right away.
How to Select a Refund Preference
- Login to MyIvy
- Browse Topics
- Select Billing & Financial Aid
- Select Refund Preference (Note: this link will only work if you are an enrolled student and have been assigned a student ID number)
- Enter your email address and create a password
If you are not connected to theBankMobile Disbursem*nts refund website once you enter your information, please allow two business days for Ivy Tech to transmit your information to BMTX, Inc.
How to Manage Your Refund Account
Once you have selected your refund preference you can:
- Login to MyIvy
- Select the View/Manage Refund Account link to sign into your BankMobile Disbursem*nts profile, update your mailing address or change your refund preference.
How to Order Replacement Cards
To order replacement cards that were lost or never received, please contact theBankMobile Disbursem*nts Team.
Contract Disclosure with BankMobile

Financial Aid Refunds - Ivy Tech Community College (6)

Find Local Financial Aid Contact Info

Don't see a nearby Financial Aid location?Call 1-888-489-5463 and we'll get you started.

askanderson@ivytech.edu

Kady Finnerty
Assistant Director of Financial Aid
kfinnerty1@ivytech.edu
765-643-7133 ext 062089

Fax: 765-648-2755

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Monday–Thursday, 8 a.m. to 5 p.m. ET
Friday, 8:30 a.m. to 4:30 p.m. ET

812-934-3954
R11express@ivytech.edu

Batesville Financial Aid
1 Ivy Tech Drive
Batesville, IN 47006

Fax: 812-934-4590

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Monday–Thursday, 10 a.m. to 5 p.m. ET: Drop-ins and by appointment
Friday: By appointment

812 -330-6160
bloomington-finaid@ivytech.edu

Bloomington Financial Aid
200 Daniels Way
Bloomington, IN 47404

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columbus-finaid@ivytech.edu

Columbus Financial Aid
4475 Central Avenue
Columbus, IN 47203

Virtual Waiting Room to receive a call from Financial Aid

Fax Number: 812-376-7639

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Please contact Financial Aid at our full-service campus located in Richmond.

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Please contact Financial Aid at our full-service campus located in Lafayette.

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Monday–Thursday, 8 a.m. to 6 p.m. CT
Friday, 8 a.m. to 5 p.m. CT

219-981-1111, x7498
lakecounty-finaid@ivytech.edu

Sign Up to Get a Call Back →

For work-study info:
lakecounty-workstudy@ivytech.edu

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Monday–Thursday, 8 a.m. to 6 p.m. CT
Friday, 8 a.m. to 5 p.m. CT

219-392-3600 x 3212
lakecounty-finaid@ivytech.edu

Sign Up to Get a Call Back →

For work-study info:
lakecounty-workstudy@ivytech.edu

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Monday–Thursday, 8 a.m. to 7 p.m.
Friday, 9 a.m. to 4 p.m.
Saturday: Virtual 9 a.m. - 12 p.m. only

Open Saturdays: 9 a.m. – 12 p.m during the following dates:
October 14, 21; December 9, 16; January 6, 13; March 16

574-289-7001, ext. 5339
southbendelkhart-finaid@ivytech.edu

Elkhart Financial Aid Office
22531 County Road 18
Goshen, IN 46528

Sign Up to Get a Call Back →

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Monday–Thursday, 9 a.m. to 6 p.m. ET
Friday, 9 a.m. to 5 p.m. ET

574-289-7001, ext. 5339
southbendelkhart-finaid@ivytech.edu

Elkhart Financial Aid Office
22531 County Road 18
Goshen, IN 46528

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Enrollment Services/Student Affairs Hours: Effective January 2024:
Mondays and Tuesdays: 8 a.m. – 6 p.m.
Wednesday and Thursdays: 8 a.m. - 5 p.m.
Fridays: 9 a.m. - 5 p.m.
First week of classes in January and August: 7:30 a.m. – 6 p.m.

812-429-1429
evansville-finaid@ivytech.edu

Evansville Financial Aid Office
3501 N First Avenue
Evansville, IN 47710

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Monday–Thursday, 8 a.m. to 5 p.m. ET
Friday, 9 a.m. to 4 p.m. ET

260-480-4136
fw-finaid@ivytech.edu

Fort Wayne Financial Aid
3701 Dean Drive, Student Life Center, Room 118
Fort Wayne, IN 46835

Fax: 260-480-2054

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Please contact Financial Aid at our full-service campus located in Lafayette.

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Please contact Financial Aid at our full-service campus located in Columbus.

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Monday–Thursday, 8 a.m. to 6 p.m. CT
Friday, 8 a.m. to 5 p.m. CT

219-981-4417
lakecounty-finaid@ivytech.edu

Sign Up to Get a Call Back →

For work-study info:
lakecounty-workstudy@ivytech.edu

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Please contact Financial Aid at our full-service campus located in Terre Haute.

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Please contact Financial Aid at our full-service campus located in Columbus.

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Monday 8:30 a.m. - 5:00 p.m. ET
Tuesday 8:30 a.m. - 6:00 p.m. ET
Wednesday 8:30 a.m. - 5:00 p.m. ET
Thursday 8:30 a.m. - 5:00 p.m. ET
Friday 9:00 a.m. - 4:30 p.m. ET

317-921-4300
HamiltonCounty-FinAid@ivytech.edu

Hamilton County Financial Aid
300 N. 17th Street
Noblesville, IN 46060

Sign Up to Get a Call Back →

Fax
317-917-7196

Financial Aid Team

Abby Tremain, Director of Financial Aid
317-921-4300 ext 084209
atremain@ivytech.edu

Financial Aid Questions for Military & Veterans
HamiltonCounty-VeteransAffairs@ivytech.edu

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Monday–Thursday, 9 a.m. to 5 p.m. ET
Friday, 9 a.m. to 5 p.m. ET

1-888-489-5463
indy-finaid@ivytech.edu

Indianapolis Financial Aid Office
50 W. Fall Creek Parkway N.
Indianapolis, IN 46208

Sign Up to Get a Call Back →

Fax: 317-921-4326

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Monday–Friday, 8 a.m. to 5 p.m. ET

765-252-5571
kokomo-finaid@ivytech.edu

Kokomo Financial Aid
1815 E Morgan Street
Kokomo, IN 46901

Logansport Financial Aid
1 Ivy Tech Dr
Logansport, IN 46947

In-person Services Wednesdays 8:30am-4:30pm, Virtual Services Monday-Friday 8am-5pm
765-252-5571

Logansport-finaid@ivytech.edu

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Please contact Financial Aid at our full-service campus located in Valparaiso.

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Monday, Wednesday & Thursday, 8 a.m. to 5 p.m. ET
Tuesday, 8 a.m. to 6 p.m. ET
Friday, 9 a.m. to 5 p.m. ET

765-269-5200
lafayette-finaid@ivytech.edu

Lafayette Financial Aid
3101 S Creasy Lane Ivy Hall 1233
Lafayette, IN 47905

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Lake County has 3 full-service locations.Select a location below to see contact information for their Financial Aid department.

Crown Point
East Chicago
Gary

888-489-5463

Lawrence Financial Aid Office
9301 East 59th Street
Indianapolis, IN 46216

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Monday–Thursday, 8 a.m. to 5 p.m. ET
8:30 a.m. to 4:30 p.m. ET, Friday

812-537-4010 ext. 5305
R11express@ivytech.edu

Lawrenceburg Financial Aid
50 Walnut Street
Lawrenceburg, IN 47025

Fax: 812-537-0993

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Monday–Friday, 8 a.m. to 5 p.m. ET

765-252-5571
Logansport-finaid@ivytech.edu

Logansport Financial Aid
1 Ivy Tech Way
Logansport, IN 46947

In-person Services Wednesdays 8:30am-4:30pm, Virtual Services Monday-Friday 8am-5pm
765-252-5571

Logansport-finaid@ivytech.edu

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Monday & Wednesday, 8 a.m. to 5 p.m. ET
Tuesday and Thursday, 8 a.m. to 5:30 p.m. ET
Friday, 8 a.m. to 4:30 p.m. ET

812-265-2580, ext. 4100
madison-finaid@ivytech.edu

Madison Financial Aid
590 Ivy Tech Drive
Madison, IN 47250

Financial Aid Team
Julie Wade, Director of Financial Aid
jwade86@ivytech.edu
812-265-2580, ext. 4148

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Monday, Thursday, and Friday, 8 a.m. to 5 p.m.
Tuesday and Wednesday, 8 a.m. to 6 p.m.

765-651-3100, ext. 3304
marion-finaid@ivytech.edu

Marion Financial Aid Office
261 Commerce Drive
Marion, IN 46953

Sign Up to Get a Call Back →

Fax
765-651-3110

Zoom Video Call
Email marion-finaid@ivytech.edu to schedule.

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Monday–Thursday, 8 a.m. to 6 p.m. CT
Friday, 9 a.m. to 5 p.m. CT

219-879-9137
valpo-finaid@ivytech.edu

Michigan City Financial Aid
3714 Franklin Street
Michigan City, IN 46360

Fax: 219-464-9751

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Monday–Friday, 8 a.m. to 5 p.m. ET

765-289-2291, ext. 1230
muncie-finaid@ivytech.edu

Muncie Financial Aid
125 S High Street, Ball Building, 2nd Floor
Muncie, IN 47304

Fax: 765-282-2414

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Monday–Friday, 8 a.m. to 5 p.m. ET

765-599-2613, ext 4026
pburris4@ivytech.edu

New Castle Financial Aid
3325 IN-3
New Castle, IN 47362

Fax: 765-282-2414

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Please contact Financial Aid at our full-service campus located in Columbus.

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Please contact Financial Aid at our full-service campus located in Sellersburg.

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Please contact Financial Aid at our full-service campus located in Kokomo.

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Monday–Friday, 8 a.m. to 5 p.m. ET

765-966-2656, ext. 1219
richmond-finaid@ivytech.edu

Richmond Financial Aid
2357 Chester Boulevard
Richmond, IN 47374

Sign Up to Get a Call Back →

Zoom Video Call
Call 765-966-2656, ext. 1219 to schedule an appointment.

Fax: 765-962-5054

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Monday & Wednesday, 8:30 a.m. to 7 p.m. ET
Tuesday & Thursday, 8:30 a.m. to 5 p.m. ET
Friday, 8:30 a.m. to 3 p.m.

765-932-7191
mroller1@ivytech.edu

Rushville Financial Aid
330 N Main Street
Rushville, IN 46173

Virtual meetings or appointments by request. Call 765-932-7191.

Fax: 765-932-5263

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Please contact Financial Aid at our full-service campus located in Sellersburg.

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Monday, Wednesday, Thursday, 8 a.m. to 5 p.m. ET
Tuesday, 8 a.m. to 6 p.m. ET
Friday, 7:30 a.m. to 4 p.m. ET

812-246-3301, ext. 4504
sellersburg-finaid@ivytech.edu

Sellersburg Financial Aid
8204 Highway 311, Pfau Hall, A2
Sellersburg, IN 47172

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Please contact Financial Aid at our full-service campus located in Columbus.

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Please contact Financial Aid at our full-service campus located in Columbus.

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Monday–Thursday, 8 a.m. to 7 p.m.
Friday, 9 a.m. to 4 p.m.
Saturday: Virtual 9 a.m. - 12 p.m. only

Open Saturdays: 9 a.m. – 12 p.m during the following dates:
October 14, 21; December 9, 16; January 6, 13; March 16

574-289-7001
southbendelkhart-finaid@ivytech.edu

South Bend Financial Aid Department
220 Dean Johnson Blvd.
South Bend, IN 46601

Sign Up to Get a Call Back →

To meet with a financial aid representative please use the link below:

https://ivytech.zoom.us/my/sbefinancialaid

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Please contact Financial Aid at our full-service campus located in Evansville.

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Monday–Friday, 8 a.m. to 4:45 p.m. ET

812-298-2293
th-finaid@ivytech.edu

Terre Haute Financial Aid Office
8000 S Education Drive
Terre Haute, IN 47802

Virtual On-Demand Service:
Video | Voice | Chat
Monday–Friday | 8 a.m. to 4:45 p.m. ET
Enter Zoom Room →

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Monday–Thursday, 8 a.m. to 5 p.m. CT
Friday, 9 a.m. to 5 p.m. CT

219-476-1001
valpo-finaid@ivytech.edu

Valparaiso Financial Aid
3100 Ivy Tech Drive
Valparaiso, IN 46383

Fax: 219-464-9751

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Monday, Wednesday, Thursday & Friday, 8 a.m. to 5 p.m. ET (phone/virtual service)
Tuesday, 8:30 a.m. to 5 p.m. ET (on campus)

574-267-5428
warsaw-finaid@ivytech.edu

Warsaw Financial Aid
2545 Silveus Crossing Room 209
Warsaw, IN 46582

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Financial Aid Refunds - Ivy Tech Community College (2024)

FAQs

How long does an Ivy Tech refund take? ›

Ivy Tech will mail a paper check to the address on file within 14 days. Once your financial aid is disbursed (posted) to your student account, you are due a refund if your account balance is a (-) negative amount.

Get More Info ›

How many refunds do you get from financial aid? ›

Refunds for all types of financial aid will begin 30 days after the start of the semester. You will receive loan funds in two disbursem*nts each semester.

Explore More ›

How do college financial aid refunds work? ›

It is the excess money left over from your financial aid award after your tuition and additional fees have been paid. Your college may send you a check or the money may be deposited into your checking account.

Tell Me More ›

How can I get my financial aid refund faster? ›

If you have federal loans coming in — or any other federal aid — you can also request to have your money disbursed up to 10 days before classes or the pay period begins. This will make your refund available earlier in the semester. Each school might have a different process for early disbursem*nt.

Discover More Details ›

How long does it take for a refund request to be approved? ›

(updated December 22, 2023) We issue most refunds in less than 21 calendar days. However, if you mailed your return and expect a refund, it could take four weeks or more to process your return.

Find Out More ›

How quickly does a refund take? ›

Refunds to debit cards tend to take between two and five business days, but it can take up to 30 days depending on the company issuing the refund.

How do I know how much my refund will be from financial aid? ›

Add tuition and fees and book allowance then Subtract tuition from the disbursed amount to get an estimated amount of your refund. disbursem*nt: If you have a balance, subtract it from the disbursed amount to get an estimated amount of your refund.

Learn More Now ›

Why do I keep getting financial aid refunds? ›

Refunds are processed after a course starts and as financial aid or other types of funding are disbursed to your student account. If additional funding is disbursed to your student account after a refund is issued, the newly posted aid will generally be refunded as well.

Keep Reading ›

How long after disbursem*nt will I get my money? ›

If you have a credit balance, your school must pay this amount to you directly within 14 days unless you authorize the school to keep the money to pay for future institutional charges.

Show Me More ›

Why didn't I get a refund check from college? ›

The student must complete all required paperwork for their financial aid to pay correctly. Some required documents include your award letter, any required loan promissory notes or financial aid verification documentation. If key documents are missing, the refund check will not be released to you.

Learn More ›

Can pell grant be refunded? ›

Students who are registered and attending class will be disbursed the remaining balance of their Pell Grant award within fourteen days of the credit appearing on the student's ledger account.

Read The Full Story ›

How do I know how much financial aid I will receive? ›

You can use the online FAFSA form to calculate your estimated EFC. The estimated EFC appears on the confirmation page when you complete and submit your form. After your application is fully processed, you'll receive a Student Aid Report (SAR) with your official EFC.

Tell Me More ›

How can I speed up my refund? ›

“Filing electronically and selecting direct deposit is the best way to get your refund fast,” IRS Commissioner Danny Werfel told reporters during a media briefing Friday. During fiscal 2022, some 93.8% of individual taxpayers filed electronic returns, according to the IRS.

How do I get my leftover financial aid money? ›

If there is money left over, the school will send the remainder to you, and you can use it to cover your other expenses, such as your textbooks or transportation. Financial aid disbursem*nt dates vary by school, but are generally between 10 days before the start of the semester and 30 days after classes begin.

Find Out More ›

Can I get an advance on my financial aid refund? ›

Some schools will allow an advance on the student loan refund (meaning the student can get the refund amount before it actually shows on the account), which can be particularly helpful in the beginning of the school year for students that need to cover expenses (e.g. off-campus housing).

How long does it take to get a loan refund from college? ›

When will I receive my financial aid refund? This varies by school. It'll usually take between 1 week and 1 month after classes start, but it can take even longer. You can check online or contact your financial aid office to see the status of your financial aid refund disbursem*nt.

Explore More ›

How long does it take BankMobile to receive refunds from school? ›

DEPOSIT TO AN EXISTING ACCOUNT – Money is transferred to an existing account the same business day BankMobile receives funds from your school. Typically, it takes 1-2 business days for the receiving bank to credit the money to your account.

Explore More ›

How long does it take to get a refund from college Board? ›

For approved refunds, the refund credit will be posted to your credit card account within 7–10 business days of the College Board Customer Service Representative submitting the refund request.

Read On ›

How long does it take to get your refund from Paymytuition? ›

Refund processed: Once your refund has been processed, you will receive a notification that your refund is complete. Please allow 3-5 business days for the payment to be deposited to your account.

Discover More ›

Financial Aid Refunds - Ivy Tech Community College (2024)

What is a Financial Aid refund?

Financial Aid Posting Date

Refund Process

Find Local Financial Aid Contact Info

FAQs

How long does an Ivy Tech refund take? ›

Can pell grant be refunded? ›

References