- Any student account that has a credit balance on the account is eligible to have a refund processed. Families may choose to have the credit placed toward a future term or request that it be sent to their bank account. All refunds will be processed electronically.
- Day Undergraduate students must be enrolled in 6 credits for Block A in order to have financial and programs disburse in the first drop/add period for the semester.
- Once requested, refunds normally require two to four weeks for approval and processing, from the time the credit is available on the account.
- Students must complete a Refund Request form for each refund. The form is located at my.lynn.edu.
- Incomplete forms will create delays in the processing of the refund.
- Attendance in classes is required before federal financial aid is disbursed.
International students should only pay the amount due to their student account. Excess payments that exceed tuition, room and board costs for the current terms will be applied to a future semester to cover anticipated tuition and related fees. Therefore, any credit balance refund will only be for a maximum amount that is estimated for books, room and board costs for the current term. (This is to comply with the Financial Record Keeping and Reporting of Currency and Foreign Transactions Act of 1970 (31 U.S.C. 5311 et seq.)
How do I get my credit balance refunded to me?
Complete the Refund Request Form at least 5 days before credit is available on the account.
How will I receive my credit balance refund?
You must set up your bank ACH information on mylynn at least 5 days before you submit the Refund Request Form.
How often must I update my ACH bank information?
You need to enter your bank information onto myLynn only once. If you change bank
accounts, you should update your ACH information immediately and no later than 5
days before your next refund request.
What happens if I don’t receive my ACH credit within the 3 days from once I have been sent an email notification from Lynn’s refund system?
In some cases, Lynn will have a bounce back for an ACH due to an incorrect bank account or routing number. Lynn will reach out to you via email for you to correct your information on myLynn. Once you correct the information, your ACH will be sent out the following week. You will receive an email from the Refund System the day the refund is resent to the bank.
Do I have to complete a new Refund Request form each time that I want a refund?
Yes, you must complete a new form each time you request a refund as a current date is required on the form.
When will I receive my credit balance refund?
Refunds are processed after the term has begun and after the drop/add period.
You will receive an email from the Refund System the day the refund is sent to our bank to initiate the process to your bank.
When will my financial aid create a student credit balance?
After the tuition and fees are paid from the financial aid, any excess may create a credit balance.
Financial aid is disbursed after the drop/add date and after attendance in each class is reported by the faculty. For federal aid, two courses are required for attendance certification.
Does my parent have to sign the Refund Request Form?
A parent signature is required for any student less than 24 years old unless you are a graduate student or classified as an “independent” student on the FAFSA.
Which parent is required to sign the Refund Request Form?
The parent that took out the PLUS (Parental Loan) must be the parent to electronically sign the form. If there is no PLUS loan, then either parent can electronically sign the form.
Do I have to list a reason for the Refund request?
Yes, Lynn is required to keep on file the reason for the refund. Typical reasons to list are: overpayment, room + board expenses, course supplies, etc.
When will I receive my credit balance refund if I miss the deadline to submit the Refund Request Form?
The refund will be processed by 14 days from the date of submission of the Online Refund Request Form if there is a credit balance available.
If I am an international student, how much am I allowed to request from my credit balance refund?
To comply with the Financial Record Keeping and Reporting of Currency and Foreign Transactions Act of 1970 (31 U.S.C. 533 et seq.), you are only eligible to receive up to the amount of estimated books, room and board costs for the current term.
