You may be entitled to a credit balance refund when payments to your student account, including financial aid awards and loan disbursements, exceed your Penn tuition, fee and other charges. 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 throughout 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 (follow the instructions below). We strongly encourage enrolling in Direct Deposit to expedite access to your funds. You will receive an email notification when your student refund is produced.
*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.