Refund/Cash Advance Policies

Refund Policy

The student term bill lists itemized charges and credits throughout the academic year. If the total amount of loan proceeds, scholarships, and payments exceeds the total charges on the term bill, the student may request a refund of the credit balance and use this refund to meet non-billed educational expenses such as books, supplies, housing, food, and transportation. Please see the refund policy for the university via the Student Financial Services website.

Cash Advance Policy

First year MD students are not eligible for a cash advance.

Second, third, fourth and fifth year MD students may request a cash advance of up to $2,000 once charges for the upcoming term are visible on their SIS account to cover living expenses until their aid disbursement. Students will receive their full disbursement* in July (third, fourth, and fifth year students) and August (second year students) to cover their fall term living expenses. 

PA students may request a cash advance of up to $2,000 once charges for the upcoming term are visible on their SIS account to cover living expenses until their aid disbursement. Students will receive their full disbursement* in July to cover their summer term living expenses.

*Please note that the full disbursement will be less the cash advance taken.

Students should plan carefully to avoid falling short of funds during the academic year. Financial aid funds are expected to last until the end of the academic year. The student expense budget cannot be increased for students who find themselves out of money due to improper budgeting.

If you need assistance in creating or reviewing your budget, please contact our office to set up a one-on-one appointment anytime throughout your educational experience.

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