Loan Refunds

Loan refunds are issued automatically after the loan has been credited to the student account and the account has a credit (excess) balance. Refunds are not issued before loan proceeds are received by NSU.

Note: All refunds are mailed to students, unless you have signed up for Direct Deposit. It is important to be sure that your local address listed with the Registrar's Office is current and correct.

Direct Deposit

Your loan refunds and other refunds from your student account can be directly deposited in your bank like a paycheck. Electronic deposit eliminates waiting: waiting for your check to come in the mail; waiting in line at the bank to deposit your check; waiting for that check to clear.

Just complete the authorization form and return it to NSU's Loan Disbursement Department with a voided personal check and your future refunds will be electronically deposited into your personal checking account. This is the easy way to gain fast, direct access to your refund money.

To approve direct deposit, fill out the authorization form which appears on your monthly statement or click here (PDF) to print the form and mail or fax it to the Bursar's Office with a void check (required).

Your direct deposit authorization will remain in effect until cancelled in writing by you and received by the Bursar's Office. Remember to notify us if you move or change banks when you are in school. Authorization forms can also be faxed to 954-262-4131.

For more information regarding direct deposit authorizations, please send Email to:  Direct Deposit