LOOK FOR THE GREEN ENVELOPE Ė KEEP THE BLACK CARD!
All refunds, except for undergraduate PLUS Loan refunds, will be processed by JMUís vendor - Higher One.
Students will be mailed a Green Envelope from Higher One containing a personalized black plastic card.
This card is necessary to select the refund preference. Students will need to log on to MyOneMoney.com
using the number on the card and their personal student information to create an account.
After creating an account, students will be prompted to select one of the three methods to receive their refund.
Even students who donít expect to receive a refund need to set up a refund preference or retain the black plastic card
in the event a selection is required. Please make sure to keep the card in a safe place! There will be a $20 fee associated with getting a new one.
- Existing bank account for direct deposit (2-3 days),
- Higher One bank account for direct deposit (1 day),
- Paper check mailed to the studentís home address (5-7 days).
If no selection is made with the Higher One card, then the refund will be held for 21 days or until a selection is made, whichever comes first. After 21 days a paper check will be mailed to the address where the card was mailed.
If you are receiving a refund that resulted from a credit card payment,
the refund can only be credited back to the card used to make the original payment.
The convenience fee charged to make the original payment is non-refundable.
Personal payment refunds may be requested by the student 15 business days after the
payment is posted to the student's account. The request must be made by letter, fax, or email to
the University Business Office.
Students will be notified of the refund by e-mail; if they have not activated their account on MyOneMoney.com using the black card they will be prompted to do so then, if their account is activated and a preference has been chosen, the refund will processed according to their refund choice.
Students can also check to determine the status of the refund through their
Refunds for PLUS loans will be mailed via check to the address on file of the parent borrow.
Refund checks which are mailed and returned to Higher One by the post office for insufficient
address will be attempted to re-deliver for 21 days by Higher One.
Refunds may be generated for Title IV funds while there is still a balance due on the account. Federal regulations require us to receive written permission from the student (or the parent borrower in the case of a Parent PLUS Loan) to use Title IV money to pay charges other than tuition, room, and board. Please see theFSA Misc Charges Authorization form for the details.
Credit balances generated from Title IV funds must be refunded within 14 days of disbursement unless we receive written permission from the student (or the parent borrower in the case of a Parent PLUS Loan) to hold the credit balance on the student account. With or without this written permission, any credit balance generated by Title IV funds must be refunded at the end of the aid year. Please see the FSA Credit Balance Authorization form for the details.
We are committed to quality customer service in order to prepare
students to be financially responsible, to provide support
and payment options for their families, and to protect
the assets of the university with accurate and timely financial procedures.