Student Account Refund Eligibility
  • Students registered at least 1/2 time (200 Units) in a degree-seeking program for Federal Loans.
  • Credits that exceed the cost of tuition, fees, and other charges associated with registration.
Types of Student Account Refunds
  • Federal loans
  • Private loans
  • Institutional Student Loans
  • Qualified Scholarships
  • Parent Plus Loans- refunds are sent directly to the parent borrower. To authorize parent plus loan refunds payable to the student, parents must give consent by contacting College Aid.
  • Cash Refunds – If an over-payment of cash is made to the Student Account the credit balance is retained until the close of the Add/Drop period at which time they are automatically generated.  Additionally, refunds generated by cash payments may be held up to 14 days to ensure the funds have cleared.
Student Account Refund Delivery Dates

Refund delivery dates are dependent on the disbursement date of your funds and your eligibility.

Generally most loans and qualified scholarships disburse 10 days before the start of the quarter.

Please check with your financial aid office for your specific disbursement dates and if your individual eligibility criteria has been satisfied.

How to Receive Your Student Account Refund

Direct Deposit is the most efficient method of receiving a refund. Students may elect to have their refunds deposited directly to a U.S. checking or savings bank account.

Follow these 4 quick and easy steps to enroll in Direct Deposit:

  1. Access your myUChicago
  2. Click on the Finances Tab
  3. Go to My Account
  4. Follow the prompts for Direct Deposit

Direct Deposit delivery will typically occur within 3 to 5 business days.

Paper checks are mailed to student’s physical address on myUChicago for those not enrolled in Direct Deposit.  If a physical address has not been provided, refunds are mailed to students’ Home/Permanent address.  Paper check delivery typically occurs within 5-7 business days.

Stipend Distribution

Eligible students may receive a quarterly Stipend Distribution from their Academic Division.  The method of your Stipend Distribution depends on your citizenship status.

Domestic Citizens/Residents Stipend Distribution: 
  • Direct Deposit

To enroll in direct deposit, follow these 4 quick and easy steps:

  1. Access your myUChicago
  2. Click on the Finances Tab
  3. Go to My Account
  4. Follow the prompts for Direct Deposit

Note:  Students not enrolled in direct deposit, will be mailed a paper check to their current physical address on myUChicago.  If a current address is not available, refunds are mailed to students’ Home/Permanent address.

 
International/Non-Residents Stipend Distribution:
  • Workday – UChicago Payroll Direct Deposit
  • Workday Payroll Direct deposit enrollment information is sent to students’ UChicago email.
  • If students do not enroll in Workday Payroll Direct Deposit, a paper check will be delivered to your academic department.  Your academic department will notify you when available for distribution.
  • Stipends are generally distributed 10 days before classes begin for the quarter.
  • Please check with your Financial Aid Office for specific disbursement dates and eligibility criteria.