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ERefund (also known as direct deposit) is a fast, secure, and convenient way to receive your student account refund. eRefunds are processed daily, Monday through Friday, excluding banking holidays.
Penn State will refund a credit balance on the student account. Students should sign up for eRefund, which is a direct deposit of their refund to their bank of their choice. eRefund is only available to students at this time.
Disbursements occur when SPC receives federal, state, or other funds on your behalf. Refunds occur when the amount of the disbursements received on your behalf is greater than the amount owed for tuition, fees, and the Book Line of Credit.
A refund check is money that is directly given to you from your school, but it's not a gift. It is the excess money left over from your financial aid package after your tuition and fees have been paid.
ERefund is the quick, secure, and convenient way to get your financial aid refunds. Now, you can enroll online to have financial aid and other refunds deposited directly into your checking or savings account. A prepaid debit card that includes banking information can also be used.
Refund Request LetterWhy Is It Important?Ask for a refund in a polite and formal language.Include details about the productwhat was purchased, when, and what the price was.Explain why you want to return the item.Mention relevant aspects of the transaction such as dates and place of delivery.