Loyola University Chicago

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Loyola University Chicago

Office of the Bursar

Refunds

Students may qualify for a refund from the University if Financial Aid credits and/or overpayments are in excess of charges on the student account. Click here to sign up for a Refund Direct Deposit Profile in order to receive your refund.
Note:  If a valid permanent address is not on file in LOCUS, a refund will not be processed.

 

Refund Schedule  

If all required Financial Aid documents have been submitted and completed, Financial Aid (loans, grants and scholarships) will begin to post to the student’s account as follows:

• Graduate students: 10 days prior to the start of the term
• Undergraduate students: After the end of the add/drop period approximately 2 weeks after the start of the term

A refund can only be generated if the student’s overall balance in LOCUS is a credit (or negative amount).  Refunds continue to be processed throughout the school year whenever overall credit balances exist.

Refund Information  

1. Log into your LOCUS account at www.luc.edu/locus
2. Select “Campus Finances”
3. Select “Account Summary”
4. Click on the current term
5. The student can view:

Refund Types  

Direct Deposit (Electronic): Funds are electronically deposited within 2 banking days (after the refund is generated in LOCUS) into the student’s checking or savings account. Log into LOCUS to set up/ update your direct deposit profile. 

Check: Student refund checks will be available for pick up the week after the refund is processed in LOCUS, only on the following days at the Lake Shore Campus Bursar’s Office Cashier counter, located in the Sullivan Center.  A student ID is required.
• Wednesdays: 12:00pm - 4:30pm
• Thursdays: 8:30am – 12:00pm

Note: If a student refund check has already been generated and you are unable to pick up your refund in person, we suggest that you create a Direct Deposit Profile in LOCUS as soon as possible. Contact the Bursar’s office at bursar@luc.edu to inform us that you have completed and saved your profile.  We will mail your initial refund check to the permanent address on file in LOCUS, and all FUTURE refunds will be directly deposited into your checking or savings account.

If a Parent Plus Loan created an overall credit (negative amount) balance in LOCUS, the parent may be eligible to receive a refund check.  Checks are issued directly to the parent and mailed to the parent’s address.

Credit Card: Payments made by credit card via TouchNet will be refunded back to the credit card used, less the 2.75% convenience fee previously paid and retained by TouchNet.


Questions, concern, or comments? Contact bursar@luc.edu.

Loyola

Office of the Bursar
Sullivan Center for Student Services
6339 N. Sheridan Road · Lake Shore Campus · Chicago, IL 60660
25 E. Pearson Lobby. Water Tower Campus . Chicago, IL 60611
Phone: 773.508.7705 · Fax: 773.508.8727 · E-mail: bursar@luc.edu

Notice of Non-discriminatory Policy