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Uncashed Refund Policy

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  Federal financial aid regulations require any Title IV federal funds disbursed to a student or parent that are not received/cashed must be returned to the appropriated federal financial aid program no later than 240 days after the check was issued.

  If a check is returned for bad address, the University will attempt to contact the student for new mailing address to be updated to re-mail the check. Refund checks must be cashed within 120 days from their issue date. After this period, uncashed checks become stale dated.聽

  If the refund was direct deposit and was rejected by their bank and funds sent back to the University, email attempts will be sent to the student to update the banking information.聽 If no response, the refund will be re-issued by paper check.

  The University must return uncashed Title IV funds no later than 240 days after the date of the first issued check. Once these funds are sent back to the government the student may not be able to get these funds returned to them. If the check is not sent back to the government, the uncashed checks resulting from sources other than Federal Title IV funds can be re-issued upon request until it is reported as abandoned property.

  The best way to avoid this scenario is for students to sign up for direct deposit with a valid bank account in their Student Portal.