We are committed to refund eligible credit balances on your account in compliance with all applicable regulations in which the credit balance is created.
If you have a credit balance on your account, a cash advance is made available to you beginning on the first class day. Cash advances are intended to be used to cover the cost of books and supplies that are purchased from off-campus vendors. Note: This option is not available for Maymester.
Receiving cash advance automatically
If you have a credit balance on your account and are eligible for a refund prior to the first class day, you'll automatically receive a cash advance to your account as a credit up to the maximum threshold:
- $1,000 for fall and spring terms
- and $500 for summer terms.
When the balance due to you is less than the maximum threshold amounts, the entire balance owed will be distributed as a cash advance.
When will I receive my cash advance?
Student Business Services strives to have the cash advances distributed to students through BankMobile Disbursements by the first class day. You only can receive one cash advance per term and these are distributed regularly at the beginning of the term until regular refunds are processed. The cash advance will automatically be sent to the student’s account as soon as the student meets the eligibility requirements to receive a refund.
Opting out of cash advances
Prior to the first class day, you can opt out of this automatic cash advance by submitting your preference through the online Opt-Out for the Cash Advance page within mySFA's self-service banner.