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Judith Archambault
Manager
410-706-2929

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Student Accounting Details

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Disbursements & Refunds


Lender Disbursements

Loan Return

Refunds




Lender Disbursements


A Lender disbursement is a loan (Stafford, Un-Subsidized, Alternative) issued directly to the University by an outside source. These funds can be received in either paper form (check), or electronically transferred. Electronically transferred funds are first applied to any outstanding student account balance. If there is a residual, it will be refunded according to the method selected by the student at the EasyRefundCard website. Paper checks received by the University are two party checks. A paper check loan recipient is responsible for coming to the Cashiers Office to endorse the check. Any outstanding student account balance must be satisfied prior to disbursement of funds. If there is a residual once this transaction is complete, those funds will be made payable to the recipient and immediately available.


Loan Return


If a loan disbursement recipient wishes to return any funds previously disbursed by an outside source, the recipient may forward the funds directly to the lender or have the funds returned by the University on his or her behalf. If the entire disbursement is being returned by the University on the recipient's behalf within the lenders specified grace period, no origination fees will be assessed.


Refunds

New Payment Method for Student Refunds


Beginning in January 2009 all student refunds will be distributed according to the method of payment chosen by each student through the Higher One website for student refund processing. Students will need to choose their method of refund delivery by using the information contained on the Easy Refund Cards they will receive in the mail. Once a student signs on to the Higher One website he is in complete control of how and where his refund will be delivered. For information on this new refund management process please consult the FAQ.

 

 
 

 

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Financial Services

Student Accounting
Health Sciences/
Human Services Library
601 W. Lombard Street
Suite 206
Baltimore, MD 21201

 

 

 

 

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