Credits and Refunds
Disbursement of financial aid occurs according to federally mandated regulations. If a credit balance results once financial aid is applied to a student’s account, the surplus will be refunded to the student. Refunds are processed in the manner in which the payment is received.
Traditionally, Graduate student financial aid begins to post prior to the beginning of the term. Undergraduate student financial aid begins to post at the end of the add/drop period.
Credit balances resulting from a credit card payment on TouchNet will be refunded back to the credit card used to process that payment (less the 2.75% convenience fee which is retained by TouchNet). All other credit balances will be refunded back to the student directly in the form of a paper check or electronically deposited into the student’s savings or checking account.
We encourage students to sign up for Direct Deposit so that the funds are electronically refunded and deposited directly into the student's bank account. Students are responsible for the accuracy and maintenance of their Direct Deposit account on file through LOCUS at www.luc.edu/locus. Paper applications will not be accepted for direct deposit.
If we do not have a valid permanent address on file, a refund will not be processed in any manner.
Questions or comments? E-mail us at bursar@luc.edu.