Fall 2022 Aid Disbursement and Student Refunds
Federal regulations determine when the University can begin disbursement of financial aid each term. Aid disbursement for Fall 2022 begins August 19, 2022. When aid applies to the account, it may create a credit balance. Credit balances are automatically refunded to the eRefund bank account the student designates on the eRefunds tab in PittPAY. Refunding of credit balances begins Monday, August 22. If you have not enrolled in eRefunds, please do that now. If you enrolled in the past, make sure your bank account is still the one you want your refunds to go to and update it if necessary.
Daily automatic refunds are suspended during the add/drop period due to the large volume of enrollment changes occurring. However, we will manually process a refund during add/drop if:
- Your aid has applied to your account (it is no longer listed as Anticipated Aid in PittPAY),
- You have a credit balance, and
- You are finished changing your schedule.
After you confirm that you meet all three criteria, you may email email@example.com to request a manual refund. Include your 7-digit student ID and make sure you are enrolled in eRefunds first.
Once add/drop ends on September 9, you do not need to contact us to have your refund processed because daily, automatic refunding will resume.
When you see the “Refund” transaction on the Account Activity tab, you know your refund is being processed and do not need to contact us. You will receive an email from PittPAY soon after, letting you know your refund is on its way to your bank. Your bank will make the funds available 1 to 3 business days later.
Complete your loan requirements.
Make sure your loan requirements are complete so your aid can be released to apply to your account.