Please sign up for the Direct Deposit of your Refund in eServices!
- Sign in to eServices through Banner self-serve and choose the 'eRefund' option at the top of the screen to provide your bank information
- Complete this online form to request a refund of your W&M Student Account credit balance
- Please read below for more information on the W&M refund process
Student Account Refund Process
The Financial Aid Office will disburse funds to your student account on the first day of class if all requirements for receiving these funds have been met (see the Financial Aid website for more information).
If a credit balance of more than $5.00 exists on your student account and is the direct result of federal loans or grants (Plus Loans, Direct Loans, Perkins Loans, Pell Grants, SEOG Grants) you are automatically refunded within 2 weeks of disbursement following federal guidelines. If you have not received your refund within two weeks of disbursement, please complete the online form above.
Parent Plus Loan credit balances are refunded to the parent unless the parent designates the student as the recipient during the loan application process. Parent Plus loan refunds are mailed to the parent's address listed on the loan application.
If an overpayment shows on a student's account of more than $5.00, and it is not created by federal financial aid the student is required to request a refund from the Office of the Bursar. If a request is not filed, the overpayment will remain on the student's account as a credit for the next semester or to offset miscellaneous charges, i.e. printing
Refunds for overpayments are issued as:
- Direct deposit to your bank account if you have signed up for eRefund via eServices
- A paper check mailed in the following address priority:
- CSU or GSH Box
- Local Address
- Permanent Mailing Address
Paper checks mailed off campus are issued to the most current address in Banner. Please complete a refund request form for any temporary address changes. It is the responsibility of the student to update their local and permanent mailing address by logging into Banner self service.
Please be prepared to cover any non-WM costs for housing, meals and other personal expenses until your refund is available.
W&M Express Transfers
The Bursar's Office will process W&M Express Card transfer requests for book purchases at the W&M Barnes and Noble Bookstore beginning the Friday prior to the first day of class for those students who are showing an expected credit on their student account from financial aid resources. Students are required to complete a transfer request form in the Student Accounts Office (Blow Memorial Hall Room 108) to have funds transferred to their card.
Refunds for withdrawal from the College, Dropped Classes and/or Reduced Course Load
If you are planning to withdraw from the College, please see the College's withdrawal schedule for tuition and fee adjustment guidelines. Depending on your course load and the date you drop a course, you may or may not be entitled to a reduction in tuition and fees. If you have questions regarding a possible tuition reduction, please contact our office for refund information at (757) 221-1220 or [[bursar]].
Students withdrawing from all classes or below half-time and whose financial aid has not been confirmed will be responsible for all charges still owed to The College. Financial Aid may not be disbursed if the student is no longer enrolled. Contact the Financial Aid Office at (757) 221-2420 before withdrawing from all classes or below half-time.
Federal Financial Aid
Federal Financial Aid regulations require that student's give the university permission to pay miscellaneous charges (i.e. student health charges, library fines, parking fines, etc.) or prior term charges owed by the student from current term Title IV federal funds. The Federal Financial Aid Release form must be submitted to allow our office to apply aid to these charges. Failure to submit this form to the Bursar's Office may result in a restrictive hold on the student's account if these charges are past due. Download the FFA Release Form (pdf).
Refund Replacement Checks
A stop payment and reissue request form must be submitted to the Bursar's office to initiate the replacement of a refund check. Requests for replacement refund checks will not be processed until 14 calendar days after the date the check was issued. All replacement checks will be mailed to the student's CSU box, GSH box, or the local mailing address. Download the Stop Payment Request form.