All financial aid funds flow through the student’s tuition account at the university. Once all charges for the term have been satisfied, any excess from financial aid funds can be released to the student. Students may request their excess funds through the MYNEU portal. Upon approval, the university’s Accounts Payable Office will generate a check to the student, generally within three business days. Checks are mailed to the student’s address if they have not completed a Direct Deposit Form.
Funds can not be released to a student any earlier than the first day of the quarter. As such, it is important that each student adequately prepares to meet their living expenses through at least the first week of each term.
Based on feedback we received from all of you, refunds will soon be direct deposited into your bank accounts. In order to prepare for this new process please complete the Direct Deposit Authorization form. By completing this form now once you have applied for your refund on myneu and it has been approved your funds will be direct deposited once this new process is activated.