Parent PLUS Loan Refunds
UF will disburse the Parent PLUS loan by crediting it to the student’s account to pay tuition and related fees, room, board, books and other authorized charges. If the loan disbursement amount exceeds charges, UF will refund the parent borrower the remaining balance of the disbursement directly by check. When the parent is applying for the loan with the US Department of Education, the parent will designate any refund that is due will either go to the parent or the student. In cases where the parent borrower has designated refunds to the student, UF will issue the refund via direct deposit. UF will notify the parent borrower in writing each time a part of the loan is disbursed and how to cancel all or part of the loan disbursement if it is determined the money is no longer needed.
NOTE: Direct deposit is now available for Federal Direct PLUS (Parents Loan) refunds, to parent checking accounts only. Parents will need a parent UFID, which was assigned upon application for the loan. Once parents have the parent UFID, they can go to myUFL, choose “Access MYUFL,” and follow the instructions to “Create Account.” Once the account is successfully created, parents can sign into myUFL using the newly established username and password. Once signed in, select Main Menu > My Campus Finances > Direct Deposit-Student or PLUS to enter your banking information. This will ensure the refund reaches the parent as quickly as possible.
Refund checks are issued once a week and could take up to 14 days to process.
For more information on refunds due to student overpayments, exceptional circumstances, or withdrawals, please see the general “Refunds” section of this site.