Parent PLUS Loan Refunds
UF will disburse the Parent PLUS loan by crediting the funds 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 borrower the remaining balance of the disbursement.
- When the parent is applying for the loan with the US Department of Education, the parent will designate if the student or parent should receive the refund.
- In cases where the parent borrower has designated refunds to the student, UF will issue the refund via direct deposit. See Financial Aid Refunds for more information.
- UF will notify the parent borrower in writing when the loan is disbursed.
Parent PLUS loan refunds are sent to the parent borrower by check or direct deposit, or to the student if previously designated by the borrower.
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 ONE.UF
- Once signed in, select Main Menu > My Campus Finances > Direct Deposit-Student or PLUS to enter your banking information
Direct Deposit ensures that the refund reaches the parent as quickly as possible. Paper refund checks can take up to 14 days to process.
For more information on refunds due to student overpayments, exceptional circumstances, or withdrawals, please see information about other types of refunds or call the Bursar at 352-392-0181.
01/31/2021: reviewed content
Bursar: (352) 392-0181