If you are owed money from NYIT for overpayment on a bill, if a class is cancelled, or for any other reason, 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.

To choose the refund disbursement method you wish to receive or to learn more about direct deposit or the debit card, please visit:
https://bosebill.salliemae.com/NetPay/Templates/546/Frameset546.html

NOTE: This is the same portal you have been accessing to receive your EBills and 1098T tax forms.

If you think you are due a refund, you must fill out a Refund Request Form (PDF). Your refund will not be generated automatically. Download and print the Refund Request Form (PDF), which you must fill out completely and return by mail, fax, or in person to one of the Office of the Bursar locations.

Federal Student Aid and Refunds

Important Note: If a credit balance results from the posting of Title IV federal student aid -- such as Pell, SEOG, ACS, SMART, Stafford, and Perkins loans or grants -- a refund will be automatically generated within 14 days in compliance with federal regulations. A credit balance due to a Parent PLUS Loan will be refunded to the parent borrower.

If you choose to apply the credit from institutional or federal funds to another semester, or to pay non-institutional charges, you must complete the Bursar Student Authorization Form. Follow the instructions on the form and provide all information requested. The Refund Department will make the final determination regarding the transfer of funds.