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.