Refund Time Frame
If you are eligible for a refund after your aid disburses, it will be generated the week after your funds disburse. To view actual disbursements to your financial aid account, access your Account Activity on your myMadisonCollege Student Center.
Receiving Your Refund
Refunds are sent to your mailing address on record. Be sure your address information is up to date in myMadisonCollege so that you can receive it promptly. If you want a refund deposited directly into your bank account, you will need to sign up for e-refunding.
Once a refund is generated, please allow time for processing and delivery. For mail delivery, please note that the USPS processing is now being routed through Milwaukee instead of Madison, which could lengthen delivery time. For e-refunding, it may take up to five business days for the funds to be deposited into your account.
You have the right to cancel/reduce your Federal Direct Loans and may do so by returning your check along with a statement to the Student Payment Office within 14 days of payment. Include your full name, student ID number, and signature.