Credit balances generally are refunded to the student. However, there are some federal regulations and contract requirements that obligate us to disburse refunds to someone other than the student. Each credit balance is analyzed for appropriate disbursement before the refund check is generated.
If you pay by MasterCard, American Express, or Discover and the charges paid by the credit card are later reversed, we will issue the refund directly to your credit card. This is required by the terms of our contracts with the credit card companies. No exceptions.
Credit balances resulting from financial aid can be applied to a CAT$cratch account only after all financial aid awards have been posted to your student account.
If you have any questions, call Student Financial Services at (802) 656-5700.
In addition to its refund policy, UVM has contracted with A.W.G. Dewar Inc. to provide a tuition refund plan. If you choose to participate in this plan, it would provide for a full refund of tuition, fees, and university-charged room and board for the covered semester, even after the university's own refund policy has expired.
For more information on plan requirements and limits, or to purchase this coverage, contact A.W.G. Dewar at (617) 774-1555. or see their website at collegerefund.com.
Last modified January 20 2009 10:11 AM
