Refund of Fees

The refund and financial aid disbursement procedures have been streamlined to save you from standing in long lines.

IPFW offers Direct Deposit for refunds.  Instead of waiting for a refund check to be delivered by the US Postal Service, you can now sign up to have your student account credit balance direct deposited to your checking/savings account. 

To set up Direct Deposit:

1. Log on to myIPFW
2. Click on the billing icon in the upper right hand corner of the screen
3. Click on the My Profiles tab
4. Click Payment Profile
5. Under Add A Payment Method, choose Electronic Check and click the Go button.
6. Enter your bank account information

Note: Your account will not be used to deduct payments unless you authorize it ahead of time. In other words, entering your bank account information here will only give the IPFW Bursar's Office permission to deposit funds, not deduct funds.

Credit balances due to disbursement of Federal Parent PLUS Loans and dropped classes originally paid by credit card are excluded.

Course fee refunds issued by check will be available after 1 p.m. the next day after you drop the class. These checks will be mailed to you if they are not picked up in person by noon on Friday of that week. If you pay by personal check, your refund will be delayed for five business days after your original check was deposited with the Bursar. If you pay by credit card, your refund will be posted directly to your credit card account.

Financial aid balances will be mailed Tuesday through Friday before classes begin so that students will receive their check by Monday. The following zip codes will be included in this mailing—468, 467, 465, 469, 434, 435, 436, 458, 490, 492. If your zip code is outside this area, your check will be held for you to pick up in person. Out of zip code area checks that are not picked up in the first week of classes will be mailed the second week of classes. You must be enrolled in the required number of credit hours for your check to print. Thereafter, financial aid balance checks are made available beginning the first day of classes to be picked up in person. Checks will be mailed if they are not picked up in person by noon on Friday of that week.

If your aid is authorized after the beginning of the semester, your financial aid balance check will be available after 1 p.m. on the next business day.

Stafford Loan check balances will be available after 1 p.m. the day after you have endorsed your check and deposited it with the Bursar. If your loan comes by electronic funds transfer (EFT), your balance check will be available on the next business day after we receive the transfer.

Valid identification will be required to pick up all types of refund checks.

Refund of Fees Schedule

No. of Weeks	Refund Amounts in Percentages
	100%	60%	40%	20%	0%
Fall and Spring Semesters	Days 1-7	Days 8-14	Days 15-21	Days 22-28	Thereafter
More than 8	Days 1-7	Days 8-14	Days 15-21	Days 22-28	Thereafter
8	Days 1-3	Days 4-7	Days 8-10	Days 11-14	Thereafter
7	Days 1-3	Days 4-7	Days 8-10	Days 11-14	Thereafter
6	Days 1-3	Days 4-7	Days 8-10	Days 11-14	Thereafter
5	Days 1-3	N/A	Days 4-7	N/A	Thereafter
4	Days 1-3	N/A	Days 4-7	N/A	Thereafter
3	Days 1-3	N/A	Days 4-7	N/A	Thereafter
2	Days 1-2	N/A	Days 3-4	N/A	Thereafter
1	Day 1	N/A	Day 2	N/A	Thereafter
Less than 1	Day 1	N/A	N/A	N/A	Thereafter

If you are withdrawing, please read IPFW's policy for Return of Financial Aid Funds for Students who withdraw from the University.

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