Here's an overview of how excess refunds are typically disbursed at DeVry University:
1. Direct Deposit: If you have set up direct deposit for your refund, the excess refund will be directly deposited into your designated bank account. The processing time for direct deposits may take a few business day, and the exact date of deposit may be specified by the university or the financial aid office.
2. Paper Check: If you have not set up direct deposit, or if the excess refund amount exceeds the limit for direct deposits, you will receive a paper check in the mail. The check will be sent to the mailing address you have provided to the university. The mailing time for paper checks can vary depending on your location and the university's mailing procedures.
3. Timing: The timing of excess refund disbursements can vary based on the university's financial aid disbursement schedule and the student's financial aid status. Typically, excess refunds are disbursed after all financial aid has been applied to cover tuition, fees, and other educational expenses.
4. Notification: DeVry University usually provides students with prior notification regarding the issuance of excess refunds. This notification may come in the form of an email, a letter, or a message through the student portal. The notification should include information about the amount of the excess refund, the method of disbursement (direct deposit or paper check), and the expected date of disbursement.
5. Contact the Financial Aid Office: If you have questions or need assistance regarding your excess refund, you can contact the financial aid office at DeVry University. They can provide you with specific information and guidance based on your individual circumstances.
It's important to note that the policies and procedures for excess refund disbursements may vary over time, so always refer to the most up-to-date information provided by DeVry University or the financial aid office when planning and budgeting for your educational expenses.