Has anyone received the direct deposit for their spring refund? Or know when to expect that to show up? We enrolled direct deposit for the fall so I don’t believe there’s anything else I need to do for Spring, correct?
If you have enrolled in direct deposit for the fall semester, you do not need to take any further action for the spring semester; your enrollment will carry over unless your banking details have changed.
Refund Processing Timeline
- The initial processing of refunds for the main spring term (2026SP) is scheduled to begin on February 5, 2026.
- It is important to note that an earlier disbursement date of January 10, 2026 may apply to general spring term refunds.
- Once processed, refunds typically appear in your bank account within 1-2 business days.
- Federal regulations stipulate that refunds cannot be processed more than 10 calendar days before the first day of class and must be issued within 14 calendar days after classes commence.
- If you need to check or update your direct deposit information, you can do so by logging into my.SMU, selecting Financials, and accessing MyRefundSMU from the left-hand menu.