Financial Aid

Refunds

A refund is generated by a credit balance on a student's account after the bill is paid in full or if a department award is designated for a direct refund.

Once a refund has been generated, it can take 3-5 business days for a the process to complete and the refund to be available to the student.

Personal Payments - Overpayments from personal funds are released for refund 15 days from the date of payment. You will get an email letting you know when your refund is available either via Electronic Funds Transfer (EFT) or as a paper check available for pickup at Cal Student Central.

Financial Aid - If your financial aid payments exceed your charges, the extra funds will be issued to you as a refund about one week after payments are posted. Refunds are issued as early as one week before the beginning of each term. The actual timing of your refund depends on when your financial aid was applied to your account. Just check CARS (through summer 2016) or CalCentral (Fall 2016 and beyond) to monitor your aid payment dates so that you can estimate the date of any expected refund. You will get an email letting you know when your refund is available either via Electronic Funds Transfer (EFT) or as a paper check available for pickup at Cal Student Central.

Receiving a Refund

The fastest way to receive a refund is through Electronic Fund Transfer (EFT). Students can log onto the EFT site to designate a personal account for refunds. Otherwise, students will have a paper check issued. Students must pick up paper checks from Cal Student Central in Sproul Hall Rm 120, Monday-Friday, 9 a.m. - 4 p.m. Only the student to whom the check is payable may pick it up. Checks not picked up in a timely manner are subject to cancellation.

No matter what method is used to process the refund, if the student has an email address in CalCentral, a notice will be sent advising that the refund was generated.