Frequently Asked Questions About Financial Aid Refunds
When will I receive my refund?
We start to receive financial aid funds approximately six weeks into the term. Students are sent an e-mail when their loan funds arrive and, beginning with the September 2012 term, your refund will be sent to Higher One for processing within three days. If you have not selected a refund choice at www.escchoicecard.com with the information on your Higher One card, your refund will be delayed. For more detailed information, please see our Anticipated Financial Aid Refund Dates page.
Why do I need a Higher One card?
You will use the information on the Higher One card to register your refund choice at www.escchoicecard.com. All financial aid refunds are processed through Higher One, so you must select your choice of either a paper check, direct deposit into your own bank account, or a Higher One bank account as your refund preference. If you decide to open a Higher One account, your card will serve as your debit card—otherwise, your card only serves as the means to select your refund choice.
How do I choose my refund preference?
Your Higher One card is your key for entry into the Higher One system, where you choose how you want your refunds delivered. Information is contained in the system to authenticate you as a user, making it is easy to select your refund preference. Upon receiving your card, simply go to www.escchoicecard.com and enter your 16-digit number to begin the activation process.
Do I have to open a bank account with Higher One in order to receive my refund?
No, you may choose to receive a paper check or have your refund direct deposited into your own savings or checking account.
I have withdrawn from my classes. Can I keep my refund?
The number of credits for which you are registered is one of the eligibility requirements for financial aid. If you withdraw from any or all of your classes, it is possible that your financial aid eligibility for the current and future terms will be affected. You are ultimately responsible for maintaining eligibility for your financial aid, and if you receive a refund from financial aid for which you are not eligible for, the funds must be returned and you may owe a balance due. Please read The Impact of Withdrawing on Financial Aid for more information.