Loan refund process will begin after the add/drop period during the fall, spring and summer terms. If a disbursed loan creates a credit balance (loans exceed tuition costs) on your account, a refund may be generated for you. Refunds are paid by paper check on Wednesdays, and are paid electronically on Fridays. Starting May 1, 2023, all student refunds, if you have not signed up with Cashnet/Transact eRefund system, will be processed by eCheck. eChecks are electronic checks that are emailed to your Dominican University email account. You will then need to download or print the eCheck, and cash or deposit it with your personal bank. Please make sure you keep you address and phone number up to date so that refunds can be received by you in a timely manner.
Transact ERefunds: Please note that this is the faster way to receive a refund as the funds will be automatically deposited into your bank account. You will only need to sign up once, but will need to update your account if your bank account information changes. If you have not done so, you will need to sign up securely online with Transact.
If we do not have ERefund information on file for you, then an eCheck (electronic check) or a paper check will be processed for you.