Student Account Refunds
If I anticipate a credit balance on my account due to Financial Aid, what are my options for receiving the refund?
You have two options: you may request a refund or request the funds be held and applied to your next semester balance. If you want the funds to be held until the next semester, please contact the Business Office at email@example.com or 913-360-7403.
I want a refund. How can I receive my credit balance?
Once all the funds are received and posted to your account, your credit balance will be available generally within 5-7 working days, but no later than 14 days. Students are encouraged to sign up for electronic refunds, as described below. Priority processing will be given to those students participating in direct deposit/electronic refunds:
(1) You may opt to receive your refund via direct deposit to a bank account of your choosing through e-Refund, which can be set up through the third party vendor Higher One, accessible through the “Payment Options” link on your Billing Statement in your OASIS account. This is the College’s preferred method of disbursing all student refunds:
(a) Direct deposit is safe, secure and quicker than paper checks.
(b) You do not have to wait for the Business Office to go through the process of printing, folding and stuffing envelopes.
(c) You do not have to wait for the Business Office to deliver a paper refund check to your campus mailbox.
(d) You do not have to worry about getting to the bank before it closes, as when you deposit a paper check.
(e) There is protection against theft or loss.
(2) You may request a paper check refund that will be delivered to your campus mailbox. Refund checks should be cashed promptly, as checks over 180 days (approximately 6 months) are considered stale-dated and may be voided and returned to the federal government, per Federal Title IV regulations.
Can an eRefund (direct deposit) be made to any bank?
Benedictine College can direct deposit to any U.S. financial institution with electronic funds transfer capabilities, as most banks participate in the electronic funds transfer network. Contact your bank if you have any questions about the bank’s ability to accept direct deposit.
How will I know when funds have been deposited in my bank account?
Notification will be sent to your Benedictine email account.
How do I enroll in eRefund?
Log into your OASIS account, and go to the Financials tab, choosing one of the statement types listed. Once in the statement, select the Payment Options tab. This will take you to Benedictine’s third party provider secure web page, Higher One, where you need to click on “Enroll in Electronic Refunds”, which only takes a few minutes to complete. If you anticipate a refund, please enroll as soon as possible to allow the banking verification of your account information to be completed, which takes at least seven business days.
Can my parents get their PLUS loan refunds through direct deposit?
This functionality is not currently available; however, Benedictine will continue to work toward making this a possibility.