Penn State will refund the credit balance which is the result of Federal financial aid in a student's account within TWO weeks of either the date the aid was credited to the student's account or the first day of the semester, whichever is later: https://www.bursar.psu.edu/refund-policy

To get your refund as quickly as possible, enroll in eRefund: https://www.bursar.psu.edu/faq/what-erefund-and-how-do-i-enroll-erefund