Student Accounts Refund Information
Timely Refunds from Overpayments and Excess Financial Aid
The Office of Student Financial Services is committed to ensuring that students receive refunds for overpayments and excess financial aid in a timely manner. Refunds are processed every two weeks throughout the year, corresponding with the receipt of loan disbursements. This consistent schedule allows students to manage their finances effectively.
- First Refund: September 18, 2024
- First Refund for First-Time Borrowers: October 2, 2024
- Second Refund: October 30, 2024
- First Refund: February 12, 2025
- First Refund for First-Time Borrowers: February 19, 2025
- Second Refund: April 2, 2025
- First Refund: June 18, 2025
- First Refund for First-Time Borrowers: July 16, 2025
- Second Refund: July 16, 2025
Important Refund Details
Note: These refund dates are tentative and subject to change without notice. To inquire about the availability of a refund, use Self-Service.
First Refund Availability: The first refund resulting from excess financial aid each semester is typically available soon after the third or fourth week of classes. Ensure your financial aid is processed before the deadlines to receive your refund promptly.
Tentative Refund Dates: The schedule for refund dates aligns with the disclosure statement at studentaid.gov. These dates are tentative and may change. For the latest information, use Self-Service or visit the Financial Aid section on the University's website.
To receive your refund promptly, it's essential to establish a direct deposit account. Setting up direct deposit is straightforward and can be done through Self-Service Banking. By opting for direct deposit, you ensure that funds are transferred directly to your checking or savings account without delays.
How to Set Up Direct Deposit:
- Log in to Self-Service Banking.
- Follow the prompts to add your banking details.
- Confirm your information to complete the setup.
If you do not have a checking or savings account, you can establish a Paycard option. This can be done by visiting Accounts Payable and completing the necessary paperwork.
Paycard Setup:
- Visit the Accounts Payable Office in Young Hall Room 204.
- Complete the required documentation.
- Receive your Paycard for refund disbursement.
Refunds will be issued via check for students who have not set up a direct deposit or Paycard. These checks are mailed to the address on file and cannot be picked up at the Cashier's Office. If you use your University address for refunds, you will need to collect them from the University's mailroom.
Parent refunds are exclusively issued via check and mailed directly. Unfortunately, parents cannot set up direct deposit or apply for bank cards through the University for these refunds.
In the event that a mailed check is not received, you must wait three weeks from the refund date before requesting a reissued check. To initiate a reissue, complete the Check Reissue Request Form available at the Office of Student Financial Services.
Contact Us
For questions about financial aid, your student account balance, or your payment plan options, please call our team.
Office of Student Financial Services
103 Young Hall
820 Chestnut Street
Jefferson City, MO 65101
P: 573-681-6156
F: 573-681-5903
E: SFS@LincolnU.edu
Hours: 8:00 AM - 5:00 PM
Monday through Friday
Summer Hours: 7:30 AM - 6:00 PM
Monday through Thursday, Closed Fridays