Direct Deposit

Click on myBanner enter your Network ID and Password, select Student, select Student Account, select Student Account Information, select Refund Direct Deposit Setup, enter your Bank Routing Number, Bank Account Number and Bank Account Type, Press Continue. You will receive a confirmation email that will be sent to your GVSU email address. When we notify your financial institution of your refund you will receive a notification by email and receive your direct deposit within 48 hours.

• The excess amount will be deposited into your bank account 
• This option is not available to Guardian/Family Proxy Users.
• It is not required to open an account with any specific financial institution in order to receive a refund.

Mailed Check

Click on myBanner enter your Network ID and Password, select the Personal Information tab, select View or Update Addresses and Phones, then verify that your permanent address is correct. If any changes are necessary, you can make them on-line or contact a staff member at the Student Assistance Centers located at either the Allendale or Grand Rapids campus or e-mail [email protected] with the correction. If you have a direct deposit setup but would rather have a check mailed to you, follow the steps in 1 above and then check the box that says stop direct deposit.

*NOTE*

If you have paid on your account with a credit card, any excess monies will be refunded back to that credit card.

Purchasing Books

If you have excess monies available, you will be allowed to charge your books to your student account at the University Bookstore.
Students can charge their books for Fall 2024 starting August 5, 2024 and ending August 30, 2024.

Fall 2024 Excess Financial Aid

Distribution of Fall 2024 financial aid refunds will be processed by September 6, 2024.

Please note it may take a few days to be available to you.  After that date refunds are processed on a daily basis.

When a student drops a course during the refund period, their total number of credits will be recalculated and the difference between the old assessment and the new assessment will be refunded. If the course is dropped during the 75% refund period, the new assessment will include 25% of the credits for the course dropped.  This same refund calculation is also applied to fees that are associated with courses that are dropped.  

Example 1

If a student taking 15 credits drops 3 credits during the 100% refund period, their total credits will be recalculated to 12 credits. The block rate is 12 to 15 credits. In this example the tuition rate for 12 credits is the same as 15 credits and a refund will not be generated.

Example 2

If a student taking 13 credits drops 3 credits during the 100% refund period, their credits will be recalculated to 10 credits. Since students pay less when they drop below the block rate (less than 12 credits), a refund for the difference between 10 credits at the per-credit rate and the 12-15 block credit rate will be generated.

Example 1

If a student taking 15 credits drops 3 credits during the 75% refund period, their total credits will be recalculated to 12.75 credits. The block rate is 12 to 15 credits. In this example the tuition rate for 12.75 credits is the same as 15 credits and a refund will not be generated.

Example 2

If a student taking 13 credits drops 3 credits during the 75% refund period, their credits will be recalculated to 10.75 credits. Since students pay less when they drop below the block rate (less than 12 credits), a refund for the difference will be generated.

Example 3

If a student taking 15 credits drops 3 credits during the 75% refund period, and adds 3 more credits, their total credits will be recalculated to 15.75. Since students pay more when they go above the block rate (more than 15 credits), a bill for the additional cost will be generated.

The posted refund deadlines apply to courses that meet the entire semester. Classes that meet for only part of the semester have different refund deadlines. 
Please visit the searchable course schedule to find refund deadlines for parts-of-term courses or contact the Registrar's office at [email protected] or 616-331-3327 for more information.

Parent PLUS loans will first apply to all charges on the student’s account.  If there are excess funds from the parent plus loan after paying off the student’s account, a refund will be issued to the student unless the parent borrower has requested the refund to be sent to them.  If the parent borrower has requested the refund be sent to them, a check will be mailed to the address given on the Plus Loan application.  The GVSU Banner system applies all payments to charges and determines how the funds will be disbursed.