Wayne State University

Aim Higher

Disbursement and Refunds

If you have met all requirements, you can expect your aid to be applied to your university student account balance at the beginning of the semester.


Spring-Summer 2014 Semester Disbursements:

Students will begin receiving semester refunds
the first week of classes.
 
Spring/Summer and Spring session - 
MyWSUcard deposits begin May 7, Direct Deposits begin May 9, Paper Checks - May 13
 
Summer session - 
MyWSUcard deposits begin June 25, Direct Deposits begin June 27, Paper Checks - July 1

If you add a class after your aid is refunded, remember to pay your balance before late fees are charged.


Your financial aid will be applied to your balance to pay for your tuition, fees and any on-campus housing charges. When these charges are paid, the University Student Accounts Receivables Office will refund any remaining aid to you.

This excess aid is for you to use for your books, housing, food, transportation and other miscellaneous costs.

Your grades must be posted and you must be making Satisfactory Academic Progress (SAP) in order to receive funds for the semester. If you are not meeting SAP standards, you may file an appeal for aid eligibility consideration.

See the Bursar webpage for payment options for any remaining account balance.


Semester Withdrawals

If you withdraw from all courses in any semester, we are required to calculate an amount of financial aid to return to federal programs. This may leave you with a balance owed to the university.


The refund process

Aid is not paid to your student account until the week prior to the official start of the semester.

  • The refund process begins the following Monday after financial aid has paid to your eBill.

  • You will receive an email from MyWSUCard with specific details about your refund, including the amount, and the timeframe for the refund option you have chosen.

Processing Times for New Refund Options

Refund Option Refund timing after aid has paid your eBill
Paper Check 9 business days
ACH/Direct Deposit 6-7 business days
Easy Refund to myWSUCard 4 business days

Financial aid is applied in two payments if the award is for the academic year, half in the fall semester and the other half in the winter semester.

Late financial aid applicants will receive payment after an award is offered and accepted provided other award conditions are completed, such as entrance loan counseling and signing a loan master promissory note.

Returning a Refund

You have the right to cancel all or a portion of your student loans and may do so by notifying us in writing within 30 days of payment. Include your full name, student number, and signature.

See our Federal Loan Refund Return Form for more information about returning your refund to WSU.

Award Payment Schedule

You can find your estimated disbursement date in Pipeline, under the Financial Aid tab. The disbursement date is the date funds may be applied to your university student account balance.

  1. Select "May Award Information"
  2. Select the current aid year
  3. At the bottom of the "General Information" tab, select "Award Payment Schedule."