Why is my refund this semester different than my refund from a previous semester/year?

Refunds are based on the difference between charges and credits. You may have had different charges and/or different credits during the two individual semesters. Refunds in different terms or aid years can also be affected by changes to your Expected Family Contribution (EFC) on your Free Application for Federal Student Aid (FAFSA). Receiving outside scholarships and/or departmental awards can also affect the amount of your refund.