FAQs: Spring 2020 Refunds

For the Spring 2020 term, all enrolled students who had charges related to housing, dining, parking, and some mandatory fees will receive prorated credits to their student account.

The university will issue credits on a prorated basis for the following student fees: shuttle, athletics, recreation services, Stamp Student Union, performing arts and cultural centers, student facilities, and sustainability. There will be no adjustments to library/technology, student activities fees (undergraduate and graduate),  and health center fees, since these resources are essential to ongoing operations. 

 

​​​​​​Mandatory fees will be credited as follows: 

Undergraduate Full Time: $378.00

Undergraduate Part Time: $172.00

Graduate Full Time: $307.00

Graduate Part Time: $170.50

 

For an itemized list of fees and refund amounts, please visit the Mandatory Fee Credit Breakdown Page

 

  • Other fees will be credited as follows for students no longer residing in residence halls or using dining services, and all students who have parking permits. 
  • Campus Housing: 51% of your room fee for the spring term (or 39.5% for those approved for Spring Break housing). Additional information on housing can be found on the Residence Life Covid-19 FAQ page: HERE
  • Board/Dining:  55% of your board fee for the spring term (dining provides fewer days of service than housing or parking, so a higher percentage is able to be refunded)
  • Campus Parking Permit: 51% of your parking fee for the spring term only permits.  For annual permits credit rates or additional information regarding parking: HERE

If you are not enrolled in direct deposit you will not automatically receive a refund for your credit.    Checks will not be issued automatically, except to comply with federal aid regulations.   A check option will be provided in late May. 

The first step is to credit student accounts.  This will be completed by the end of April. Refunds will be processed after all student accounts are credited.
 

The next step is to be sure you are enrolled in direct deposit. It is quick and easy.
 

To enroll, or to be sure your bank information is correct, visit: billpay.umd.edu/refunds. You may use any U.S. bank account. We ask that you take this step because our ability to print and mail paper checks to all students is severely limited and will take many more weeks to process than returning funds by direct deposit.
 

If your student account has a balance due, the credit will be applied to your outstanding balance, and we will issue a refund of any excess amount to the enrolled bank account by direct deposit.  

If your student account does not have a balance due, you will receive a refund  by direct deposit.

We will provide an update to let you know when to expect a deposit.

Refunds will be issued by direct deposit. To enroll, or to be sure your bank information is correct, visit: billpay.umd.edu/refunds. You may use any U.S. bank account. It is important that you take this step because our ability to print and mail paper checks to all students is severely limited and will take many more weeks to process than returning funds by direct deposit. 
 

To enroll in direct deposit, visit: billpay.umd.edu/refunds. There is no fee, and it is quick and easy to enroll. You may use any U.S. bank account. It is important that you enroll in direct deposit because our ability to print and mail paper checks to all students is severely limited and will take many more weeks to process than returning funds by direct deposit.

If you have previously enrolled in direct deposit, please review your elected bank account to ensure any refund will be directed properly. 
 

Visit: http://dining.umd.edu/plan_updates/ for additional information regarding dining fee adjustments for Spring 2020.  

Courses have resumed, and you will receive full academic credit for successfully completing your courses. Therefore, no refunds will be offered for tuition, including the nonresident surcharge and course fees. Maryland taxpayers support instruction and university operations through their state taxes; the non-resident surcharge helps to do the same for students from outside of Maryland. 
 

Terp Payment Plan (TPP) payments have been canceled; no additional payments will be processed through the plan. The final payment was removed from the plan and the remaining payment amount transferred back to the student account. This was done to assist families and students by delaying any payments due as well so that we could process the prorated credits back to applicable student accounts. These prorated credits may reduce the balance owed partially or completely. If a balance remains after the credits, that will be billed April 25, and not be due until May 20.  An email with details was sent to all Spring 2020 TPP participants on April 1. Please refer to this email for further information.  

Terp Payment Plan (TPP) information is not available for the university’s direct deposit system. TPP is managed by a vendor, Nelnet/TMS, so bank information you have shared for the TPP does not carry over to the university's direct deposit system. 

To receive a refund, you need to enroll at billpay.umd.edu/refunds.  It is free, quick and easy to enroll.  You may use any U.S. bank account.
 

​​​​​​If a balance is present on your student account after all credits are applied, you will not receive a refund payment. You need to pay any outstanding balance.

Typically, any 529 funds that are withdrawn from your plan and not used during the academic term may create a penalty and tax implication you would be responsible for.  Because students are receiving prorated credits and possible refunds for the Spring 2020 term, if your original term bill was paid with a 529 plan you may need to reinvest any refund you receive back to your plan within 60 days to prevent this penalty and taxation.

 

The IRS recently gave guidance on this specific scenario which can be found here: https://www.irs.gov/pub/irs-drop/n-20-23.pdf

 

Each state who manages their respective 529 plans have slight variances in how they are interpreting the above IRS guidance. Please consult with your 529 plan provider for further information.