After your financial aid is used to pay eligible IU charges such as tuition, fees, and room and board, you’ll get a refund of any remaining money. (Refunds on Parent PLUS loans will be sent to your parent unless he or she chose the option to send refunds to you when applying for the loan.) You don’t need to request a refund—they’re processed automatically.
We usually send out refunds one week after classes begin. Check One.IU to see if you’re due a refund.
Note that if you get a refund but later drop classes or withdraw from IU, you may be required to repay the refund amount.