Credit Balance and Refunds

In some instances, your "credits" (scholarship, grant, loan, and/or payment) might be larger than your "charges" (tuition, room, board, fees, etc.). If you see a negative number as your balance due, this is a "credit balance."

Options you have for credit balances:

  • Reduce your loan(s) - send an email to the Financial Aid Office
  • Apply the credit balance to a future term - for this option, please send a request to student_accounts@lawrence.edu
  • Receive a refund via eRefund (See below for instructions to enroll in eRefund)

Refunds

Student Refunds

  1. Enroll in eRefund online in Transact (see below)
  2. Refunds are processed by the Student Accounts Office at the end of Week 3 of the term.
  3. To request a refund after Week 3, contact the Student Accounts Office.

Parent PLUS Loan Refunds

Refunds are issued to the parent by check or electronically to the student. This option is selected on the Parent PLUS loan application.  If the parent borrower would like to change who the refund is issued to, the parent borrower should contact the Financial Aid Office.

eRefund

Note: Only students can enroll in eRefund online in TRANSACT.

In order to receive your refund electronically, you must first register your checking or savings account information in TRANSACT. Follow these steps to enroll in eRefund:

  1. Access your Transact accountNote: Only students can access eRefund.
  2. On the Overview page, scroll to the middle of the page to the section "Sign up for direct deposit refunds!"
  3. Click "Sign Up."
  4. Read and agree to terms by checking "I agree to terms" and then click on "Continue."
  5. Select "New Bank Account" in drop down box, complete the requested information, and click "Complete."
  6. You will receive a confirmation email when eRefund enrollment is set up. 

Note: eRefund is different from Direct Deposit. Direct Deposit is used by the Payroll Office to pay earnings for student employment.

**Credit balances due to over payments made by wire transfer will remain on the student billing account for future charges or returned to the sending institution.  Lawrence University will not act as an intermediary for transference of funds through the credit balance refund process.

Contact Information

For questions, please call the student accounts office at (920) 832-6583 or email at student_accounts@lawrence.edu