Refund Policy
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Students may choose either to have their refund checks mailed to them or to have their funds automatically deposited into their checking or savings account. Refunds will be processed no less than three times weekly.

Automatic Deposit. Students may have their refund deposited directly into their checking or savings account at the bank of their choice prior to the first class day. The Direct Deposit Authorization form may be obtained from Student Business Services located in the Student Financial Center in 301 West Hall. Forms are also located online at www.sbs.ttu.edu.

Refund Checks. Paper refund checks will be mailed on the first class day. A manual review of each check will take place prior to mailing.

Address selection criteria in the Student Information System permit students to establish the address to which their refund check will be sent. A refund address may be established online at www.techsis.admin.ttu.edu/student. The selection criteria for address printing on the check will be as follows:

First selection: Refund Address
Second selection: Local Address
Third selection: Permanent Legal Address

It is the student’s responsibility to maintain a current address in the Student Information System.

Refund Check Replacement Policy. The time period for reissuing a refund check will be 10 business days from the date of the check. This will allow sufficient time for the postal system to forward the check in cases of changed addresses.

Change in Class Schedule. Any refund as a result of class change will be processed and mailed no later than the 35th class day of a fall or spring semester or the 20th class day of a summer term. The class change refund amount will be in accordance with the following:

Withdrawal—Students withdrawing to zero hours at their request or those who have been withdrawn due to university action may be eligible to receive a refund of paid tuition and fees. The student will be required to pay tuition and fees according to the following schedule:
Before the 1st class day	None
1st, 2nd, or 3rd class day	20%
4th, 5th, or 6th class day	50%
7th class day or later	100%

Withdrawal—Students withdrawing to zero hours at their request or those who have been withdrawn due to university action may be eligible to receive a refund of paid tuition and fees. The student will be required to pay tuition and fees according to the following schedule:
Before the 1st class day	None
1st five class days	20%
2nd five class days	30%
3rd five class days	50%
4th five class days	75%
21st class day and after	100%

Any refund due to a student will be after calculation of the amount of tuition and fees due at the time of withdrawal. If the student has paid less than the amount due at the time of withdrawal, the student will be required to pay the percentage due.

Federal Refund Formula. The federal refund formula requires federal student aid to be refunded at a pro rata basis if a complete withdrawal from the institution occurs before 60 percent of the semester has been completed.

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