Richmond Home

Withdrawal Policy

If a student withdraws from classes or is dropped from the University of Richmond for whatever cause, a refund of tuition and class fees shall be made in accordance with the refund schedule applicable to your resident college (see left menu for specific policy).

Refunds are made in the following order:

  • To any financial aid the student has received;
  • To any balance owed to the University;
  • To the student.

*Please Note: The refund policy for summer school is different than the refund policy for fall and spring. Please refer to the Summer School Refund Policy for any questions.

 

Credit Balance Refund Policy

Credit balances are refunded to the student. Excess funds can be refunded to a parent or held for future charges if requested in writing.

Refunds are issued by check or direct deposit. With a check refund, it is the student’s responsibility to ensure the address on record is correct. With direct deposit, your refund is automatically deposited to the bank account you specify, eliminating trips to the bank and the risk of your check being lost or stolen. It may take up to two business days for a direct deposit to post to your bank account according to the policies of your bank. To participate, log onto BannerWeb and click Manage/Sign Up for Direct Deposit. When you are finished click submit and your direct deposit form is sent automatically to Accounts Payable. Please email any questions about direct deposit to Account Payable at APInbox@richmond.edu

Refunds to parents can only be issued by physical check. 

Refunds are generated from actual credit balances. No refund can be issued based on pending financial aid or other expected adjustments. 

Refunds generated from a personal check payment (including echeck payments) will be held for a minimum of 10 business days from the date that the check payment was received.

Summer School Refund Policy

The refund policy for summer school is different than the refund policy for Fall & Spring.  Please refer to the Summer School Refund Policy for any questions.