We are committed to refund eligible credit balances on your account in compliance with all applicable regulations in which the credit balance is created.
If you have a credit balance on your account, an advance is made available to you beginning on the first class day. Advances are intended to be used to cover the cost of books and supplies that are purchased from off-campus vendors. Note: This option is not available for Maymester.
Receiving advance automatically
If you have a credit balance on your account and are eligible for a refund prior to the first class day, you'll automatically receive an advance to your account as a credit up to the maximum threshold:
- $1,000 for fall and spring terms
- and $500 for summer terms.
When the balance due to you is less than the maximum threshold amounts, the entire balance owed will be distributed as an advance.
When will I receive my advance?
Student Business Services strives to have the advances distributed to students through BankMobile Disbursements by the third class day. You only can receive one advance per term and these are distributed regularly at the beginning of the term until regular refunds are processed. The advance will automatically be sent to the student’s account as soon as the student meets the eligibility requirements to receive a refund.
Opting out of advances
Prior to the first class day, you can opt out of this automatic advance by submitting your preference through the online Opt-Out for the Advance page within mySFA's self-service banner.