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 MyFSU 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: Fall 2022

August 26, 2022
$500 Book Advance (must have excess aid on August 22, 2022 and direct deposit information updated in your MyFSU portal)

September 14, 2022
Student Direct Deposit

September 23, 2022
Checks mailed (permanent address only)

September 30, 2022
Consortium: Life Sciences and Pre-Medical Illustration (GRCC or MSU)


Financial Aid Refund Dates: Spring 2023

January 6, 2023
$500 Book Advance (must have excess aid by noon January 4, 2023 and direct deposit information updated in your MyFSU portal)

January 25, 2023
Student Direct Deposit

February 3, 2023
Checks mailed (permanent address only)

February 17, 2023
Consortium: Life Sciences and Pre-Medical Illustration (GRCC or MSU)


Financial Aid Refund Dates: Summer 2023

May 12, 2023
$500 Book Advance (must have excess aid by noon May 10, 2023 and direct deposit information updated in your MyFSU portal)

May 26, 2023
Student Direct Deposit

June 2, 2023
Checks mailed (permanent address only)

June 16, 2023
Consortium: Life Sciences and Pre-Medical Illustration (GRCC or MSU)