Fall 2024 Refund Schedule
Refund Information
- Only full-time undergraduate students need to complete a Refund Request Form. PLEASE NOTE: This request form must be received and the credit must appear on your account by NOON on Tuesday for receipt of a refund the following week during the semester. (At the beginning of each semester, refunds are not issued until after the drop-add period)
- Refund requests will only be accepted and honored for the current semester. If you wish to request a refund for a future semester you must wait until the prior semester concludes.
- All other students will be automatically refunded. The credit must appear on your account by NOON on Tuesday for receipt of a refund the following week during the semester. (At the beginning of each semester, refunds are not issued until after the drop-add period)
- Loans typically disburse to student accounts no earlier than 10 days before the semester starts, provided the student is registered at least half-time for the upcoming semester and all financial aid requirements have been met. If you have a credit balance after your loan funds have disbursed, you should receive your refund within 14 days after the start of classes. If we have not received your loan funds or you are not fully registered by the first day of class they will be refunded within 14 days of the disbursement of your loan funds or when you are fully registered. (See below for Summer Refund Information)
- If you have dropped a class please see the Student Withdrawal Fee Schedule.
- For Parent PLUS Loans: In accordance with federal guidelines, when there is a Parent PLUS Loan on a student’s account, the refund must be issued to the borrower of the PLUS loan unless we are given written permission from the parent to issue the funds in the name of the student. This request must be submitted with each refund request. To request that the student receive the funds directly, the PLUS loan borrower can send written permission to Arcadia University, Office of Student Accounts, 450 S Easton Road, Glenside, PA 19038 or email the request to busoffice@arcadia.edu.
- All Refunds will be delivered with BankMobile Disbursements, a technology solution, powered by BMTX, Inc. Visit this link for more information: https://bankmobiledisbursements.com/refundchoices/.
- If you have direct deposit for Work-Study, you also need to set up direct deposit for your refund through BankMobile Disbursements.
- Refunds are based on current information and are subject to correction. Please be advised that your current student credit balance is subject to change due to outstanding charges or changes in Financial Aid eligibility. You are responsible for reviewing all changes and/or credits on your e-Bill for accuracy (including room and meal plan if applicable) and your Financial Aid. For any questions or discrepancies please call the Office of Student Accounts at 215-517-2330 or email at busoffice@arcadia.edu
Summer Refund Information
Please see the section below entitled Summer Loan Disbursements to see when summer loans disburse to student accounts.
- You should receive your refund within 14 days after the start of classes if your loan funds have been disbursed to your account and you show a credit balance at the start of classes. If we do not receive your loan funds or you are not fully registered by the first day of class they will be refunded within 14 days of the disbursement of your loan funds or when you are fully registered.
- ALL summer tuition is deducted (including tuition for future summer sessions in which you are registered). You may receive 1 or 2 refunds based on the disbursement of your loans.
Summer Loan Disbursements
- Students registered for at least 6 credits in summer session 1 will have all their summer loan funds disburse to their student account ten days before summer session 1, provided they have completed all financial aid requirements.
- Students registered for less than 6 credits in summer session 1 and who are also registered for summer session 2 will have half of their total summer loan disburse ten days before summer session 1 and the other half disburse ten days before summer session 2, provided they have completed all financial aid requirements.
- Students registered for 3 credits for summer session 2 and 3 credits for summer session 3, will have half of their total summer loan disburse at the beginning of summer session 2, and the other half at the beginning of summer session 3, provided they have completed all financial aid requirements.
- Students registered for 3 credits for each of the three summer sessions will have their total summer loan spread over three disbursements, each of which will disburse ten days before each respective session, provided they have completed all financial aid requirements.
Banking Services Agreements
- Bank Mobile Technologies (BMTX)
