E-refund is a reimbursement method where financial aid is directly deposited into students’ bank accounts. A school will refund a credit balance on the student’s account. This process may take 3-5 business days to appear in a student’s account.
E-refund refers to the process of having financial aid and funds electronically deposited as opposed to receiving a cheque in the mail. Students will have to enroll in e-refund through their institution in order to receive their funds.