You may be entitled to a credit balance refund when payments to your student account, including financial aid awards and loan disbursements, exceed your billed expenses. Student Accounts will produce a student refund for you in the amount of your credit balance. Student refunds are automatically generated Tuesday and Thursday evenings during Penn’s enrollment periods.*
Your student refund will be produced as either a Direct Deposit Refund or a paper check. You can authorize direct deposit to a designated U.S. bank account via Penn.Pay. We strongly encourage enrolling in Direct Deposit to expedite access to your funds, as the process of producing and mailing a check will delay your access to your funds. You will receive an email notification when your student refund is produced.
Please note: Direct deposit for student account refunds is a separate process from direct deposit for student employment. To receive your work-study earnings via direct deposit, please sign up via Penn InTouch.
*Student refunds are produced automatically for actively enrolled individuals with tuition and fee charges for the current term. All other student refunds will be reviewed and processed by Student Accounts staff.