Return of Excess Financial Aid Funds

You may be awarded several different types of financial aid; federal student loans, federal grants, New York State grants, scholarship, veteran’s funding, and employer sponsorship to list a few. Some forms of financial aid may only be applied to your tuition costs while others are for your overall cost of attendance.

Student Accounts sends an email after federal aid is disbursed on your account. The email provides information about the ability to cancel all or part of your loan(s) within 14 days of the disbursement date. A request to cancel must take place before the university issues you a refund of excess student loan funds.

Prior to a term refund being issued, complete Financial Aid’s form to adjust the amount of previously accepted federal loans. 

If Student Accounts has already issued a refund of excess loan funds, you can expect to receive the funds via your declared BankMobile refund preference. Unwanted funds can be returned directly to your lender. 

To review your level of student loan indebtedness, you may view your borrowing history at studentloans.gov.