Credit Balances | 2026-27 Academic Catalog

This section is about financial aid credit balances. View the Leave of Absence, Withdrawals and Refund Policy for information on refunds of tuition and fees. For students whose financial aid award exceeds the direct costs owed to Meridian, the amount of the quarterly financial aid disbursement from the U.S. Department of Education will be higher than the tuition and fees owed for the same period. These students are entitled to a refund which will be sent directly from Meridian in the form of a direct deposit to the U.S. bank account on file with Meridian - within approximately 14 days from the date the funds are applied to the student’s account. If you would like Meridian to retain credit balances on your account and apply them against future balances owed, submit the Authorization to Hold Credit Balance form. Students who do not have a U.S. bank account must contact the Student Accounts Office to coordinate other credit balance refund options.