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Refunds and Excess Aid

eRefund Accounts

On MyUTK in My Financial Information, select View/Pay Fees.

Select e-Refunds to set up your account.

Excess Financial Aid

UT offers direct deposit for your excess financial aid. The funds are sent to your designated account. The availability of the money varies, depending on your financial institution’s policy for receiving and crediting direct deposit.

The funds are transmitted on the day of disbursement, but it may take longer before the deposit shows up in your account.

Your refund profile remains in effect throughout your time at UT. If your account changes, make sure to update your profile. Checks that require an endorsement are not eligible for direct deposit. Instead, you will get an email saying the money has been sent to your financial institution.

PLEASE NOTE: Refunds generated a result of a Parent PLUS loan will automatically be refunded to the borrower, not the student.  As part of the application process, the parent does have the option of requesting refunds be sent directly to the student.

Designate Financial Aid to Pay Other Charges

Your federal financial aid is automatically applied toward your tuition and fees for the year you receive it.

Federal regulations allow you to voluntarily authorize financial aid to pay for non-tuition and fees during the current year. You make this designation when you accept your financial aid.

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Financial Aid Refunds

Your financial aid is used to pay your charges and fees at UT. The leftover amount you receive must be repaid if you withdraw from the university or you are dismissed. The university calculates and distributes refunds to Title IV programs.

Refunds for Students

Refunds are the amount of tuition, maintenance, and other charges that are due back if you drop classes or withdraw from UT.

Based on the date you drop a course, you may owe a percentage charge for the dropped course. Please refer to our Drop Classes page for dates and charges. Review your account because you may be eligible for a refund.

The university makes refunds each semester after the drop deadline for classes. The amounts are calculated to the nearest dollar. If you have any outstanding fees or fines, the amount of your refund is applied toward those first.

Any remaining refund balance is either sent to your bank account or applied to your debit or credit card, depending on how you paid. Set up a refund profile in MyUTK if you are due to get money back in that account.

If you withdraw from UT, that does not cancel any fees or charges you have already incurred.

The Technology Fee, Transportation Fee, and Facility Fee are all mandatory. They are refunded on the same percentage scale as maintenance and tuition charges. The Housing Office determines refunds for housing and meal plans, according to your contract.

Some fees are nonrefundable including: Deferred Payment Plan Fees, Final/Late Registration Fees, and Late Payment Fees.

All refunds are subject to audit, and UT reserves the right to correct any errors.

More Questions?

Do you have additional questions about receiving a refund? Contact a One Stop counselor.