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Disbursement and Credit Balance Information

The Whitworth Financial Aid Office and Student Accounting Services Office work closely to assure timely delivery of funds to students.  Please read the following information related to receiving credit balances.

What is a credit balance? 
A credit balance check is the amount of money, usually from financial aid, that remains after all of a student’s charges are paid in full.

What must I do to receive a credit balance?

• You must be registered in the number of credits for which your financial aid is calculated.
  
  
• Your Whitworth student account must show accurate charges related to your attendance for the respective term.
  
  
• Your financial aid file must be complete – including any online processes related to student loans.
  

When can I anticipate receiving my credit balance?
Credit balance refunds are prepared ONLY if the above criteria have been met. Review the information below to determine the first day that your credit balance refund may be available to you for the fall 09 semester:

MIT Students: Sept. 2, only if you have met with your mentor teacher

MBA/MIM Students: Aug. 26                                   

Accelerated Students: Aug. 26            

Matriculated Day and GSE Students: Sept. 18

Due to the change in the transmittal schedule, students should come to school prepared to purchase books and supplies without relying on their financial aid refund.

Financial aid funds are transferred to Whitworth student accounts twice a week. Credit balance refunds are processed on Wednesdays and Fridays, with the refunds issued via check available for pickup after 1 p.m. in the Whitworth Student Accounting Services Office.  Be prepared to show photo I.D. Refunds issued via direct deposit are transmitted to the student's bank account on Wednesdays and Fridays and are generally available within 1-3 days from the time of transmittal.

To sign up for direct deposit, go to WhitNet, select WhitNet for Students, click on the link on the left side of the menu that says "Bank Info for Non-Salary Refunds/Payments," and enter the requested banking information. If you change banks or close your account, please notify us as soon as possible to avoid any delay in processing your refund.

Students with tuition remission who have completed the correct paperwork with Whitworth Human Resources can anticipate their credit checks being available a week or two into the semester.