Refunds

Disbursement of Refund Checks

In order for students to receive financial aid disbursements in a timely manner, we strongly recommend that financial aid recipients finalize course registration at least two weeks prior to the start of a term. Students may add or drop courses after their financial aid has disbursed. Dropped courses may result in a reduction in overall funding for the term.

• Students attending the Chicago Campuses, and Online Campus students beginning on or after August 2017, are on a standard, semester-based term. Loans can be disbursed up to 10 days prior to the start of the term (assuming the student has completed all required steps to have their aid funds disburse).

Students who have financial aid in excess of their charges for the term will be issued a refund. In general, refunds are issued within 14 days of the credit being created on the student’s tuition account or the first day of the term, whichever is later.

The following refund schedule applies for funds released prior to/on the beginning of a term:

Campus	First Week	Second Week
Chicago Campus	Up to $2,000 released within first 7 days of term**	Refund amounts in excess of the amount issued in first week released within 14 days of term**
Online Campus	Up to $500 released within first 7 days of term**	Refund amounts in excess of the amount issued in first week released within 14 days of term**

**Assuming the student has completed all requirements to have their aid released.

The Office of Student Accounts issues refunds electronically via ACH direct deposit into U.S. domestic checking or savings accounts only. In order to deposit refunds electronically, students must enroll in Direct Deposit through Self-Service. How to Enroll in Direct Deposit through Self-Service.pdf.

Students who do not sign-up for direct deposit by the deadline or whose bank account information cannot be verified will receive refunds via paper check. Paper check refunds are mailed to the student’s address of record.

Please note, the finance/billing/payment sections in Self-Service is not operational in for students in the Vancouver campus. As such, please contact Cellene Concepcion, the Student Accounts and Financial Advisor, at cconcepcion@adler.edu for refunds.