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Refunds/Disbursements

Main-campus and Kendall College of Art and Design Student Refunds

Students who have completed all requirements and have excess financial aid will receive direct-deposit refunds on the following dates:

spring 2025

  • Direct Deposit - January 29, 2025
  • Checks mailed -   January 31, 2025

Students eligible for financial aid refunds will have until  January 27, 2025 at noon to set up direct deposit, to prevent refund delays.

Please note that if a parent indicated on a Parent PLUS Loan application that any excess aid was to be refunded directly to the parent, a refund check will be mailed to the parent on the check release date - January 31, 2025.

summer 2025

  • Direct Deposit - May 30, 2025
  • Checks mailed -  May 30, 2025

Students eligible for financial aid refunds will have until  May 28, 2025 at noon to set up direct deposit, to prevent refund delays.

Please note that if a parent indicated on a Parent PLUS Loan application that any excess aid was to be refunded directly to the parent, a refund check will be mailed to the parent on the check release date - May 30, 2025.

FALL 2025

  • Direct Deposit - September 11, 2025
  • Checks mailed -  September 12, 2025

Students eligible for financial aid refunds will have until  September 09, 2025 at noon to set up direct deposit, to prevent refund delays.

Please note that if a parent indicated on a Parent PLUS Loan application that any excess aid was to be refunded directly to the parent, a refund check will be mailed to the parent on the check release date - September 12, 2025.

Consortium Student Refunds

If you have community college classes that have a late starting date, some or all of your financial aid may not disburse to your account until after the late session class has started and verification of enrollment has been completed.

Consortium students who have completed all requirements and have excess aid will receive refunds on the following dates

  • spring 2025 FEbruary 14, 2025 for all sites
  • summer 2025 june 13, 2025 for all sites
  • FALL 2025 SEPTEMBER 26,2025 FOR ALL SITEs

How Financial Aid Is Disbursed

Student Financial Services at Ferris State University sets up a billing account for each enrolled student. Your billing account will include any charges that are payable to FSU, such as tuition, room and board charges if you live on campus, parking permits, etc.

Financial aid disburses,or pays, directly to your student billing account. Because 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 will receive a refund of the excess. Excess financial aid is to be used for the educational purposes intended, which include the following categories: tuition, room and board, books and supplies, personal expenses and transportation costs.

For students who did not have all of their financial aid requirements completed by the first disbursement date of each semester, aid will be disbursed on the next scheduled weekly disbursement date after all of the requirements have been met.

Search "Direct Deposit" in Ferris360 to set up direct deposit. You will need your bank routing and account numbers to set up direct deposit. 

*Note: You are responsible for any overdraft fees that may be charged to your bank account. It is your responsibility to confirm that funds have credited your bank account before you access those funds.