Getting a Refund

Important

For information about refunds due to dropping, withdrawal, or dismissal, please consult the NYIT Catalog for the Withdrawal/Dismissal Refund Policy.

From NYIT

If NYIT owes you money from overpayment on a bill, you have the option of receiving direct deposit to an existing checking or savings account (United States bank only), a refund check, or a debit card.

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From Federal Student Aid

If the total amount of Federal Student Aid—such as Pell Grant, SEOG, Direct Loans (Subsidized and Unsubsidized), Graduate PLUS, PLUS (parents), and Perkins loans—credited to your student account is greater than your bill, a refund will be automatically generated within 14 days in compliance with federal regulations. You may use those funds to pay for certain non-institutional expenses, such as tuition refund insurance.

Note: If a credit balance is due to a Parent PLUS Loan, it will be refunded to the parent borrower.