Refund Information

Refund Information

Information regarding student account refunds

When an overpayment has been made for all charges for the term, a refund will be ordered for the excess payment. Refunds are ordered when the source of the payment or a combination of sources create a credit balance on the account. Please Note: refunds comprised of federal, state or institutional may be adjusted accordingly if said aid is adjusted. Credit balances associated with a Third Party Sponsors’ payments are subject to the authorizations/contracts provided by the sponsor.  

Banking Disclosure

To facilitate the efficient distribution of student refunds, Morgan State University has partnered with BankMobile/BMTX, Inc to deliver the student account refund.

For more information about BankMobile, visit this link: http://bankmobiledisbursements.com/refundchoices/.

1. DEPOSIT TO AN EXISITING ACCOUNT - Money is transferred to an existing account the same business day BankMobile receives funds from your school. Typically, it takes 1 - 2 business days for the receiving bank to credit the money to your account.
2. DEPOSIT TO A BANKMOBILE VIBE ACCOUNT - If you open a BankMobile Vibe checking account (upon identity verification), money is deposited the same business day BankMobile receives funds from your school.
3. PAPER CHECK DELIVERED BY USPS - A check is mailed the same business day BankMobile receives funds from your school, provided receipt is within daily cutoff times. Typically, it takes 5 - 7 business days for the check to arrive, depending on USPS First-Class® delivery timeframes.

For more information about BankMobile and set-up your refund preference, visit this link: https://bankmobiledisbursements.com/refundchoices/

View our institution's contract with BankMobile, a Division of Customer Bank.

Refunded percentage based on full withdrawals.