diff --git a/common/djangoapps/student/models.py b/common/djangoapps/student/models.py
index a78b4effe5..d21d4e80eb 100644
--- a/common/djangoapps/student/models.py
+++ b/common/djangoapps/student/models.py
@@ -18,6 +18,8 @@ from pytz import UTC
 import uuid
 from collections import defaultdict
 from dogapi import dog_stats_api
+from django.db.models import Q
+import pytz
 
 from django.conf import settings
 from django.utils import timezone
@@ -960,6 +962,17 @@ class CourseEnrollment(models.Model):
         d['total'] = total
         return d
 
+    def is_paid_course(self):
+        """
+        Returns True, if course is paid
+        """
+        paid_course = CourseMode.objects.filter(Q(course_id=self.course_id) & Q(mode_slug='honor') &
+                                                (Q(expiration_datetime__isnull=True) | Q(expiration_datetime__gte=datetime.now(pytz.UTC)))).exclude(min_price=0)
+        if paid_course:
+            return True
+
+        return False
+
     def activate(self):
         """Makes this `CourseEnrollment` record active. Saves immediately."""
         self.update_enrollment(is_active=True)
@@ -991,6 +1004,8 @@ class CourseEnrollment(models.Model):
         if GeneratedCertificate.certificate_for_student(self.user, self.course_id) is not None:
             return False
 
+        #TODO - When Course administrators to define a refund period for paid courses then refundable will be supported. # pylint: disable=W0511
+
         course_mode = CourseMode.mode_for_course(self.course_id, 'verified')
         if course_mode is None:
             return False
diff --git a/common/djangoapps/student/tests/tests.py b/common/djangoapps/student/tests/tests.py
index 0be58d64e5..9afc044f57 100644
--- a/common/djangoapps/student/tests/tests.py
+++ b/common/djangoapps/student/tests/tests.py
@@ -148,11 +148,6 @@ class DashboardTest(TestCase):
         self.course = CourseFactory.create(org=self.COURSE_ORG, display_name=self.COURSE_NAME, number=self.COURSE_SLUG)
         self.assertIsNotNone(self.course)
         self.user = UserFactory.create(username="jack", email="jack@fake.edx.org", password='test')
-        CourseModeFactory.create(
-            course_id=self.course.id,
-            mode_slug='honor',
-            mode_display_name='Honor Code',
-        )
         self.client = Client()
 
     @unittest.skipUnless(settings.ROOT_URLCONF == 'lms.urls', 'Test only valid in lms')
@@ -230,6 +225,26 @@ class DashboardTest(TestCase):
         verified_mode.save()
         self.assertFalse(enrollment.refundable())
 
+    @unittest.skipUnless(settings.ROOT_URLCONF == 'lms.urls', 'Test only valid in lms')
+    def test_refundable_of_purchased_course(self):
+
+        self.client.login(username="jack", password="test")
+        CourseModeFactory.create(
+            course_id=self.course.id,
+            mode_slug='honor',
+            min_price=10,
+            currency='usd',
+            mode_display_name='honor',
+            expiration_datetime=datetime.now(pytz.UTC) + timedelta(days=1)
+        )
+        enrollment = CourseEnrollment.enroll(self.user, self.course.id, mode='honor')
+
+        # TODO: Until we can allow course administrators to define a refund period for paid for courses show_refund_option should be False. # pylint: disable=W0511
+        self.assertFalse(enrollment.refundable())
+
+        resp = self.client.post(reverse('student.views.dashboard', args=[]))
+        self.assertIn('You will not be refunded the amount you paid.', resp.content)
+
     @unittest.skipUnless(settings.ROOT_URLCONF == 'lms.urls', 'Test only valid in lms')
     def test_refundable_when_certificate_exists(self):
         verified_mode = CourseModeFactory.create(
diff --git a/common/djangoapps/student/views.py b/common/djangoapps/student/views.py
index edcf9278ce..df8b9ce10a 100644
--- a/common/djangoapps/student/views.py
+++ b/common/djangoapps/student/views.py
@@ -483,6 +483,8 @@ def dashboard(request):
     show_refund_option_for = frozenset(course.id for course, _enrollment in course_enrollment_pairs
                                        if _enrollment.refundable())
 
+    enrolled_courses_either_paid = frozenset(course.id for course, _enrollment in course_enrollment_pairs
+                                             if _enrollment.is_paid_course())
     # get info w.r.t ExternalAuthMap
     external_auth_map = None
     try:
@@ -535,6 +537,7 @@ def dashboard(request):
         'duplicate_provider': None,
         'logout_url': reverse(logout_user),
         'platform_name': settings.PLATFORM_NAME,
+        'enrolled_courses_either_paid': enrolled_courses_either_paid,
         'provider_states': [],
     }
 
diff --git a/lms/templates/dashboard.html b/lms/templates/dashboard.html
index e03cda79ee..4f086d901c 100644
--- a/lms/templates/dashboard.html
+++ b/lms/templates/dashboard.html
@@ -302,7 +302,8 @@
             <% show_email_settings = (course.id in show_email_settings_for) %>
             <% course_mode_info = all_course_modes.get(course.id) %>
             <% show_refund_option = (course.id in show_refund_option_for) %>
-            <%include file='dashboard/_dashboard_course_listing.html' args="course=course, enrollment=enrollment, show_courseware_link=show_courseware_link, cert_status=cert_status, show_email_settings=show_email_settings, course_mode_info=course_mode_info, show_refund_option = show_refund_option" />
+            <% is_paid_course = (course.id in enrolled_courses_either_paid) %>
+            <%include file='dashboard/_dashboard_course_listing.html' args="course=course, enrollment=enrollment, show_courseware_link=show_courseware_link, cert_status=cert_status, show_email_settings=show_email_settings, course_mode_info=course_mode_info, show_refund_option = show_refund_option, is_paid_course = is_paid_course" />
       % endfor
 
       </ul>
diff --git a/lms/templates/dashboard/_dashboard_course_listing.html b/lms/templates/dashboard/_dashboard_course_listing.html
index 779de56636..d46634d520 100644
--- a/lms/templates/dashboard/_dashboard_course_listing.html
+++ b/lms/templates/dashboard/_dashboard_course_listing.html
@@ -1,4 +1,4 @@
-<%page args="course, enrollment, show_courseware_link, cert_status, show_email_settings, course_mode_info, show_refund_option" />
+<%page args="course, enrollment, show_courseware_link, cert_status, show_email_settings, course_mode_info, show_refund_option, is_paid_course" />
 
 <%! from django.utils.translation import ugettext as _ %>
 <%!
@@ -126,7 +126,19 @@
         % endif
       % endif
 
-      % if enrollment.mode != "verified":
+      % if is_paid_course and show_refund_option:
+        ## Translators: The course's name will be added to the end of this sentence.
+        <a href="#unenroll-modal" class="unenroll" rel="leanModal" data-course-id="${course.id.to_deprecated_string()}" data-course-number="${course.number}" onclick="document.getElementById('track-info').innerHTML='${_("Are you sure you want to unregister from the purchased course")}';
+        document.getElementById('refund-info').innerHTML=gettext('You will be refunded the amount you paid.')">
+          ${_('Unregister')}
+        </a>
+      % elif is_paid_course and not show_refund_option:
+        ## Translators: The course's name will be added to the end of this sentence.
+        <a href="#unenroll-modal" class="unenroll" rel="leanModal" data-course-id="${course.id.to_deprecated_string()}" data-course-number="${course.number}" onclick="document.getElementById('track-info').innerHTML='${_("Are you sure you want to unregister from the purchased course")}';
+        document.getElementById('refund-info').innerHTML=gettext('You will not be refunded the amount you paid.')">
+          ${_('Unregister')}
+        </a>
+      % elif enrollment.mode != "verified":
         ## Translators: The course's name will be added to the end of this sentence.
         <a href="#unenroll-modal" class="unenroll" rel="leanModal" data-course-id="${course.id.to_deprecated_string()}" data-course-number="${course.number}" onclick="document.getElementById('track-info').innerHTML='${_("Are you sure you want to unregister from")}'; document.getElementById('refund-info').innerHTML=''">
           ${_('Unregister')}