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  1. Bursar's Office Home /
  2. Refunds /
  3. Refunds /
  • Current page: Refunds
    • Refund Policy for Resignations & Reduced Course Loads
  • Overpayment

Refund and Direct Deposit Information

Policy 3615

Enroll for Direct Deposit

You may enroll for direct deposit using the online enrollment system within Hokie SPA.

The same direct deposit information submitted here can be used for both student refunds and for any pay received should you be employed - including work study for students.

International Transaction Notice

New banking regulations effective September 18, 2009 require Virginia Tech to obtain additional information for funds that are electronically deposited via Automated Clearing House (ACH) in a U.S. bank and then forwarded in entirety by "standing order" to a non-U.S. bank. Until this additional information can be obtained, payments of this nature must be paid by paper check or will be rejected by the ACH network. This includes ACH payments processed by Virginia Tech for vendor invoices, payees on disbursement vouchers, student refunds, payroll direct deposit, and travel reimbursements.

If you currently forward, or in the future plan to forward, ACH payments to a non-U.S. bank; you should immediately inactivate or change your direct deposit information currently on file with Virginia Tech. You need not take any action if you do not and will not forward ACH payments to a non-U.S. bank.

STUDENTS receiving REFUNDS, FACULTY/STAFF receiving TRAVEL REIMBURSEMENTS, and FACULTY/STAFF receiving PAYROLL DIRECT DEPOSIT can inactivate direct deposit through the Hokie SPA/MyVT enrollment process.

Failure to take action will result in your bank rejecting your international deposit and returning the funds to Virginia Tech. Virginia Tech is not responsible for international ACH transactions that are rejected and/or delayed due to missing information. Virginia Tech is also not responsible for any bank fees or overdraft fees that are a result of a failure to take action.

Types of Refunds

If a credit card is used to make payment during an academic term and there is an overpayment by any other form of payment; the originating credit cards are refunded first. The payer or authorized payer will see a credit on their credit card statement. The credit card service fee is nonrefundable.

If a customer's account has a credit and any payment for the term has been made by credit card, the credit will be applied back to the payer's credit card account.

Is the amount of your BTP more than your expected charges? If the amount budgeted (along with any other credits on your account) is more than the total semester charges, the payer should reduce the remaining debits or cancel the BTP.  Email bthelp@vt.edu to reduce debits or cancel the BTP.

No refund will be given if there are scheduled debits remaining on your account for the semester.

A financial aid refund is defined as financial aid/loan credits greater than institutional charges owed the university. All refunds are issued to the student. Timely refunds are dependent upon the receipt and processing of all documents required by University Scholarships and Financial Aid and upon enrollment in Direct Deposit. You must allow sufficient time for processing in the Bursar's Office before direct deposit of your refund to your designated bank account is possible. If you have not provided us your bank information, your refund check will be mailed to the permanent address you have listed on Hokie Spa at the time the refund is processed. Students are notified by e-mail after a refund has been deposited to their bank account or a refund check has been mailed. Requests for replacement refund checks will not be accepted by the Bursar's Office until 14 calendar days after the date the check was issued. 



Important Information Regarding Federal Financial Aid:

Federal financial aid regulations require the student give the university permission to apply any excess Title IV federal funds (for example, Stafford Loans, Pell Grants and Perkins Loans) to any non-institutional charges on the student account that are within the same aid year as the federal financial aid. The university can apply up to a maximum of $200 of any excess federal financial aid to non-institutional charge balances remaining from prior years. All charges other than tuition, program fees, comprehensive fees, room, meals, and mandatory software are defined as non-institutional charges. With permission, such charges can be paid with Federal Financial Aid before a refund is calculated. The Federal Financial Aid Release information is your permission to allow us to apply aid to these charges. A decision not to grant this permission to the university can result in a hold on the students account if these charges are past due. Submit your Federal Financial Aid Release Authorization online through Hokie SPA. The link to the instructions can be found on Hokie Spa under the University Account Information Menu.

Depending on your course load and the date you drop a course, you may or may not be entitled to a refund. If you are planning to withdraw, resign, or reduce your course load, please contact our office at 540/231-6277 for refund information. 

Resignations and Reduced Course Loads

If you have financial aid, please contact your financial aid counselor before resigning, withdrawing or reducing your course load.

Frequently Asked Questions

Direct Deposit information will be active overnight. Refunds issued thereafter will be direct-deposited.

If money has been directly deposited to a closed bank account we recommend the student to contact the bank to see if the account can be re-opened. This will be the quickest way for you to receive your refund. Otherwise we must wait for the receiving bank to return the funds. Once the funds are returned to Virginia Tech, you will receive a check within 2-3 business days. You will receive an email notifying you of the availability of your returned refund.

Notification of the refund deposit will be sent to you via e-mail.

In accordance with university policy 3615, Code of Virginia § 40.1-29 as revised and effective with the January 16, 2020 pay date, Virginia Tech will provide in advance of each regular pay date to each employee a written statement by online accounting.   Employees may use a university or public computer or personal mobile device to access the online Pay Stub.

Employees may log into https://onecampus.vt.edu, using their Hokie account credentials and select the ‘Paystub’ icon to view their pay stub details electronically with a print option:

image of paystub Icon on OneCampus

Detailed pay information can also be accessed for viewing and printing at Hokie Spa by using Hokie Team to view ‘Benefits and Deductions’, ‘Most Recent Pay Stub’, and ‘Pay Information’:

Image of Hokie Team highlighting the first three links for benefits and deductions, most recent pay stub, and pay information

You may make any changes to your direct deposit information in either Hokie Spa or Hokie Wallet through the online enrollment system.  Changes will become effective as of the next business day.

With Direct Deposit, the entire amount of your refund must be deposited to your bank account.

Policy 3615

Bursar's Office (MC0143)       |       Student Services Building, Suite 150       |       800 Washington Street SW, Blacksburg, VA 24061       |       540-231-6277          |           bursar@vt.edu       |     Hours : 8:30am - 4:30pm Monday - Friday    
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