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Disbursement and Credit Balance Information

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

What must I do to obtain my credit balance?

• You must be registered in the number of credits upon which your financial aid is calculated.

• You must have begun the classes for which financial aid was awarded to assist you.

• Your Whitworth student account must show accurate charges related to your attendance for the 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 Spring 2012.

Continuing Studies students: 1/11/12

MIT students: 1/4/12

MBA/MIM students: 1/11/12

MA theology students: 1/31/12

Graduate Studies in Education students: 1/31/12

Matriculated day students: 1/31/12

Students should come to Whitworth prepared to purchase books and supplies without relying on their financial aid refund.

The Federal Stafford and PLUS Loan Programs as well as the Federal Pell Grant Program require current data to be received and processed by the Federal Department of Education before funds can be transmitted to your student account. 

Financial aid funds are transferred to Whitworth student accounts twice weekly. 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 students' bank accounts on Wednesdays and Fridays and are generally available within 1-3 days from the time of transmittal depending on your bank's policy.

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.