Student Financial Services

Credit Balances & Refunds

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Credit Balance Funds

Credit Balance Funds are created when a student‘s account is overpaid. These funds are refunded to the student as follows:

  1. Credit Card Payments credited back to the credit card.
  2. Direct Deposit funds transmitted directly to a specified bank account/Visa prepaid card.
    See Direct Deposit

To expedite your refund, we strongly suggest setting up Direct Deposit.

Student Refunds

Updated 12/17/2014

To help facilitate the refund process for the Spring 2015 semester, refunds will be processed for students who have met their financial obligations based on the schedule below. Refunds processed via direct deposit/visa prepaid cards will post to students' bank accounts 48-72 hours after the processing date.

Classification Date
Medical, Law, Dental, Graduate, Pharmacy and Non-Traditional Programs 1/5/2015
Seniors & Juniors 1/16/2015
Sophomores & Freshman 1/23/2015

Direct Deposit

For your convenience and in the interest of safety, direct deposit is now offered for all Howard University student refunds. This includes all student account credits resulting from student/parent loans, scholarships, grants etc. If you haven’t done so, you may sign up for direct deposit with an established bank of your choice or open a new checking account.

Once direct deposit is set up, it is valid until graduation. If any bank account changes/closures are made please update your account info online or submit a new form with an updated void check or a direct deposit signup sheet.

Direct Deposit is the most efficient way to receive your refund in a timely manner.

New:

Students without parent loans may now submit and update their Direct Deposit information in BisonWeb.

Go to: Student Services > Student Accounts > Direct Deposit > Save

Students with parent loans still need to complete a Direct Deposit Form.

Direct deposit applications for students receiving federal Parent Plus Loans must be authorized by the parent/guardian.

If you have submitted a direct deposit form and would like to confirm receipt/processing of the form, please follow up with the Assistant Treasurer by e-mail at directdeposit@howard.edu. The Office of Student Account cannot verify this information.

Bank of America Visa Prepaid Card Program
If you’re unable to open a bank account for whatever reason Bank of America offers a Visa Prepaid Debit Card program in order to receive your refund via direct deposit. A pin # will be assigned for ATM use and you can use the card anywhere Visa is accepted.

There’s a monthly service fee of $1.50. To order a Visa card please email directdeposit@howard.edu for an application/further information.
Requests for additional information should be submitted to: directdeposit@howard.edu