Refunds and Withdrawal Waivers
A student account refund may be owed if you withdraw from classes, receive a tuition
adjustment, or if your financial aid exceeds your balance owed. Credits from dropped
classes, tuition adjustments, or financial must be posted to the student account before
a credit balance is refunded.
Financial aid and otehr payments are first applied to any debt you owe to Webster University, such as tuition, course fees, room and board charges. Other payments and credits may be used alone or in combination with financial aid to pay for tuition and other student account charges. If your financial aid is more than the amount owed, the excess payments may be refunded to you.
How do I get my student account refund?
To receive the student account refund, you must sign up online for a disbursement
method with BankMobile, at www.bankmobiledisbursements.com. Your refund choices are:
1) Direct deposit into your current bank account,
2) BankMobile Vibe account, or
3) Paper check via postal service.
Read the following information about the three options before you sign up. Check your mail for the BankMobile's Refund Selection Kit in a bright green envelope. Locate your Personal Code found inside the envelope to select your refund preference. It will look like: ABCD-1234-5678. Visit www.refundselection.com and click "Let's Get Started!"
1) Direct Deposit
If you select direct deposit, your student account refund will be deposited into your bank account. Money is transferred to your bank account on the same business day that BankMobile receives funds from Webster University. Typically, it takes 1-2 business days for the receiving bank to credit the money to your account. If your close your bank account, you must provide updated information to BankMobile. You are encouraged to use your bank account if you already have one. Webster University students also have the option to access funds in their U.S. Bank account from their student ID card. Additional information regarding student IDs can be found here, and regarding the U.S. Bank Student Banking Center can be found here. You may view the U.S. Bank contract here.
2) BankMobile Vibe Account
If you open a BankMobile Vibe account (upon identity verification), money is deposited
on the same business day that BankMobile receives funds from Webster University.
If you sign up for the BankMobile Vibe account, you can:
-Transfer your balance into a bank account of your choice from the BankMobile website.
-Invite a parent and/or third party to re-load the debit card online with their credit card.
-Make purchases anywhere that MasterCard is accepted.
-Withdraw money at no charge at any AllPoint network ATM.
BankMobile contract: Recent changes require that each college and university publish any third-party contracts that are used to refund federal financial aid. Webster University entered into a contract with a third party to process all refunds to include refunds as a result of federal financial aid credit balances. You may view the BankMobile contract here.
3) Paper Check
If you do not sign up for direct deposit or a BankMobile Vibe account, you may choose to receive a paper check in the mail. A check is mailed the same day BankMobile receives funds form Webster University, provided receipt is within daily cutoff times. All checks are mailed to the student by BankMobile, and will be sent to the address you have reported to Webster University. Typically, it takes 5-7 business days for the check to arrive, depending on USPS First Class delivery time frames.
Refunds of overpayment or excess financial aid begin each term after the standard term add/drop period. Payments received from third party sponsors are not refunded to students. Unearned Veteran Affairs (VA) benefit payments are returned to the VA in accordance with the VA prorated schedule. Unearned military tuition assistance (TA) payments are refunded back to the sponsoring military branch in accordance with the Department of Defense Memorandum of Understanding.
Withdrawal Waivers (Course Tuition Refunds)
Based on the following schedule, a certain percentage of tuition is waived for courses you drop or from which you withdraw. If you have been awarded financial aid, review this document and consult your Financial Aid Counselor to determine the effect that dropping or withdrawing from class will have on your award.
Students attending on-campus classes in California or Georgia will receive a refund of tuition as dictated by State requirements. Refunds for affected Department of Defense Tuition Assistance students attending Webster University classes are dictated by our memorandum of understanding (MOU) with the DoD. All other student refunds/tuition waivers, including those for online courses, are made according to the following schedule:
|Date||16 weeks||9 weeks||8 weeks||5 weeks||3 weeks|
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