The primary purpose of financial aid is to provide assistance to students for expenses related to educational needs. The primary responsibility for meeting college costs lies with students and parents. Students, who have met all of the necessary requirements to have Scholarships and/or Financial Aid applied to their student account with the Office of Bursar and Loan Administration, will see these Scholarships and/or Financial Aid on the first Bursar Statement of each semester designated as "Anticipated Aid". If you are expecting a Scholarship and/or Financial Aid to credit your account and feel you have met all requirements, but the Scholarship and/or Financial Aid does not appear on your Bursar Statement, please contact the Office of Scholarships and Financial Aid.

At the time financial aid is applied, any charges for general fees, nonresident fees, special course fees, room and board charges, and other authorized* charges that are in your account will be deducted.  Any financial aid credit remaining after all allowable charges are paid will be refunded to the student.  Even though you receive a financial aid refund, it does not mean that your account is paid in full.

*Authorized charges are miscellaneous charges (library fines, health center charges, etc.) that can be deducted from Financial Aid when an authorization is signed and returned to the Office of Scholarships and Financial Aid  or the Office of Bursar and Loan Administration. 

If you wish to have your Financial Aid pay charges other than fees and room and board, simply complete, print and sign the Financial Aid Authorization and return to Ball State University, Office of Bursar and Loan Administration, Lucina, Room B31, Muncie, Indiana, 47306-0725. 

Financial Aid Refunds

• Direct Deposit  -   SIGN UP NOW !!!!!
  • Students can now elect to have their  financial aid refunds direct deposited into their personal bank account.   What a great time saver!  No more lost checks, and no more waiting for the US Postal service to deliver. 
  • Sign up using your Outlook user name and password and complete the requested banking information.  Simple.  If you change banks or change your mind go back to the web site and change the information.
  • When a deposit is made to your bank account you will be advised by BSU e-mail.
  • Enter your banking information carefully, incorrect accounts and routing numbers will delay deposits.
    
    
• Mail
  • Refund checks are mailed daily beginning the Thursday prior to the start of the term.
  • Refund checks are mailed to the student's local address.
  • You must submit address changes one week prior to the start of a term in order to receive your financial aid check at the correct local address.
  • Students living in the residence hall should contact their hall director to pick up their financial aid check.