Disbursement of Financial Aid

Disbursement of Financial Aid

Census date

The amount of financial aid you qualify for is affected by the credit hours for which you are enrolled as of the financial aid census date (“FAD”). Classes added after this date or dropped/withdrawn before funds are disbursed to your student account will not impact your financial aid eligibility for the semester.


Please review the academic calendars to identify the financial aid determination deadline.

Disbursements

Semester disbursements usually start three business days prior to the first day of the semester, and continue once a week throughout the semester for students with late aid acceptance. All disbursements will be adjusted through the census date if your enrollment changes.

Financial aid (grants and loans) can’t be disbursed until the following requirements are met:

  • All “To Do List” items in your Student Center are complete.

  • You have accepted your financial aid awards.

  • Entrance Counseling is completed (loan only).

  • Master Promissory Note is signed (loan only).

  • You have not been disqualified due to Satisfactory Academic Progress requirements.

  • You are registered for classes.

  • Disbursements have begun for the semester (approximately three business days prior to the start of the semester).

Paying your tuition and refund checks

Financial aid funds are applied to your tuition first. They can also be used to pay class charges, health plan charges, library fines and other fees if you authorize it (see the Information Sheet). Any remaining funds, including credit balances from Title IV funds, will be refunded to you by check within 14 days of disbursement. You will be notified (via email) when a check is available for you to pick up at the Cashier's Office.

It is your responsibility to make sure your tuition and other fees are paid in full by the tuition deadline. If your financial aid award is not enough to cover the tuition bill, please pay any remaining balance by the deadline. Failure to do so may result in classes being dropped. Please contact the Financial Aid Office with any questions.

Buying books

You may use your financial aid refund or your own funds to purchase books if you have financial aid funds remaining after paying your tuition.