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Student Financial Services

Loan Disbursements and Refunds of Excess Aid

Student Loans are available to assist in funding your costs. They are usually disbursed in two disbursements per loan period, i.e., August - May. APPROXIMATELY the fourth week of class each semester, if your account is paid in full at the Student Accounts Office, you will be refunded any excess personal, state, private or federal financial aid awarded to you. These charges include, but are not limited to: tuition, fees, room & board, and traffic fines. If your aid includes proceeds from Parent PLUS loans, any excess funds MUST be returned to the parent, unless otherwise indicated on the application. Only then can the refund go to you, the student. OCU processes refunds by direct deposit. To ensure your refund is processed by the date below be sure to submit your Direct Deposit Application.
Undergraduate & Graduate
TERMS Add/Drop Date Refund Date
Maymester 05/11/2016 05/20/2016
Summer I
May – June 2016
05/23/2016 05/27/2016
Summer II
June – July 2016
07/06/2016 07/08/2016
Summer 11-week 05/31/2016 06/03/2016
Summer 9-week 06/06/2016 06/10/2016
Summer 8-week 06/13/2016 06/17/2016
August – December 2016
09/02/2016 09/09/2016
January – May 2017
01/20/2017 01/27/2017


Law School
TERMS Add/Drop Date Refund Date
May – July 2016
06/09/2016 05/20/2016
August – December 2016
08/28/2016 08/12/2016
January – April 2017
01/20/2017 01/06/2017


MBA Accelerated Terms

*NOTE* Students enrolled in accelerated terms during a traditional fall or spring semester will not receive any funds until they are attending a minimum of 6 hours (half-time status). If a student takes 3 hours in the first cycle and 3 hours in the second cycle, no funds will be received until the start of the second cycle.

Add/Drop Date Refund Date
May – July 2016 06/03/2016 06/03/2016
August – October 2016 08/12/2016 08/12/2016
October – December 2016 10/21/2016 10/21/2016
January – March 2017 01/13/2017 01/13/2017
March – May 2017 03/24/2017 03/24/2017