Refunds of excess financial aid

How will I receive my refund?

Refunds are made by direct deposit or by a check mailed to your home address to students who have financial aid funds in excess of their SMU charges.  Refunds caused by a Direct Parent Plus loan will be refunded to the parent borrower. 

When will I receive my refund?

Students with a credit balance will receive their refund beginning five days prior to the start of a semester (or for summer semester, ten days prior to YOUR first class day). The Bursar's office processes the refunds for students and parents

How can I sign up for direct deposit?

You may complete a direct deposit authorization form through your Student Center on Access.SMU

Click on Self Service > Student Center > Under Finances (lower left side of screen) Click My SF eSpace. Complete process to enroll for ACH

What if I don't want my refund?

Students and parents have the right to reduce or cancel a loan if they do not want a refund.  Please contact your Bursar's office.