Students who so elect have the option to participate in direct deposit of their refund checks. We strongly encourage use of direct deposit for student refunds. Students may sign up for direct deposit via WebAdvisor located at www.moreheadstate.edu. Refunds are direct deposited to the student's bank of choice or mailed approximately two weeks after classes begin for fall and spring semesters. Federal regulations state that for first time, first year borrowers of a Federal Direct Loan, Direct Loan funds cannot be disbursed until 30 days after the first day of classes.