Financial Aid Refund Dates

The Business Office at Ferris State University sets up a billing account for each enrolled student called an E-Bill. Your E-Bill will include any charges that are payable to FSU, such as tuition, fees, etc.

Financial aid disburses, or pays, directly to your E-Bill on or around the 14th day of each semester or within a few days of the completion of all of your outstanding requirements.

Since FSU bills one semester at a time, your financial aid is generally divided evenly between the fall and spring semesters – half for fall and half for spring. If your financial aid is not enough to cover all of your charges, you will be billed for the difference.

If you have excess financial aid then you may receive a refund for the difference. To receive the excess aid, you must set up a direct deposit account through your Ferris360 portal so that excess aid will be refunded directly into your bank account on specific refund dates each semester. 

If the financial aid refund is coming from a Parent PLUS loan, the refund check will be mailed to the parent’s address, if the parent did not request that the refund be given to the student directly. Student Financial Services will not allow you or your parent to pick up a refund check under any circumstance


Financial Aid Refund Dates: Summer 2024

May 10, 2024
$500 Financial Aid Refund Advance (must have excess aid by noon May 8, 2024 and direct deposit information updated in your Ferris360 portal)

May 24, 2024
Student Direct Deposit

May 31, 2024
Checks mailed (permanent address only)

June 14, 2024
Consortium: Life Sciences and Pre-Medical Illustration (GRCC or MSU)


Financial Aid Refund Dates: Fall 2024

August 23, 2024
$500 Financial Aid Refund Advance (must have excess aid by noon August 19, 2024 and direct deposit information updated in your Ferris360 portal)

September 11, 2024
Student Direct Deposit

September 13, 2024
Checks mailed (permanent address only)

September 27, 2024
Consortium: Life Sciences and Pre-Medical Illustration (GRCC or MSU)