It is the policy of OTC to refund 100% tuition and refundable fees for students withdrawing from a course by the end of the third day of the term and no shows. After the third day of the term, a student will not receive a tuition refund. Students receiving Title IV funds (PELL, FSEOG, Loans) may or may not receive a Title IV refund.
Refunds for Title IV recipients are calculated as follows: Number of Days Completed divided by Number of Days in Semester = Percentage of Title IV Aid Earned
*100% if greater than 60% - If funds are remaining after tuition and fees are deducted from Earned Title IV Funds, then a refund for the remainder will be issued by the Business Office prior to the end of the term.
Sign up today to have your refund directly deposited into your personal checking account by following these six easy steps:
- Log on to Banner Web
- Click on Student Services & Financial Aid
- Click on Student Records
- Click the Direct Deposit Request link
- Input your bank’s routing number, account number, and then click Add Checking Account
- Click I Agree to verify your routing/account numbers and agree to Direct Deposit terms
Once you have completed the six steps above, the direct deposit information should be complete and you should see the following message:
Your bank account information was setup for your direct deposit.
If you do not receive that message, please contact the Business Office at 912.681.6955 so we can verify that your direct deposit information has been processed. Direct deposit into a savings account can’t be processed online. If you would like to setup direct deposit to a Savings Account, you must bring a savings deposit slip to the Business Office. Once direct deposit is set up, any account changes must be made in person at the Business Office. Direct Deposit will remain in affect each semester unless canceled by the student.
All students who do not sign up for direct deposit will receive their refund check by mail. Checks are mailed to the address on the student’s banner account on the refund date. Students should ensure their address is correct prior to checks being issued. Checks which are mailed may take up to 15 days to be delivered. If you have not received your check after 15 days, please contact the Business Office at 912.871.1643.
Located in the
Josephy Kennedy Annex Building