Direct Deposit of Financial Aid and Tuition Refunds
If you have paid on your account with a credit card, any excess monies will be refunded back to that credit card.
It is not required to open an account with any specific financial institution in order to receive a refund.
There are two options to obtain your refund money:
1. Sign up for direct deposit and have the excess deposited into your bank account. (Not available to Guardian/Family (Proxy) Users)
Click on myBanner enter your Network ID and Password, select Student, select Student Account, select Student Account Information, select Refund Direct Deposit Setup, enter your Bank Routing Number, Bank Account Number and Bank Account Type, Press Continue. You will receive a confirmation email that will be sent to your GVSU email address. When we notify your financial institution of your refund you will receive a notification by email and receive your direct deposit within 48 hours.
2. Have the check mailed directly to your permanent address.
Click on myBanner enter your Network ID and Password, select the Personal Information tab, select View or Update Addresses and Phones, then verify that your permanent address is correct. If any changes are necessary, you can make them on-line or contact a staff member at the Student Assistance Centers located at either the Allendale or Grand Rapids campus or e-mail firstname.lastname@example.org with the correction. If you have a direct deposit setup but would rather have a check mailed to you, follow the steps in 1 above and then check the box that says stop direct deposit.
If you have excess monies available, you will be allowed to charge your books to your student account at the University Bookstore. Students can charge their books for Winter 2021 semester starting December 7, 2020 and ending January 26, 2021.
Winter 2021 Excess Financial Aid
Distribution of Winter 2021 financial aid refunds will be processed by January 29, 2021. Please note it may take a few days to be available to you. After that date refunds are processed on a daily basis.