How and when is aid disbursed?
Depending on the type of aid, payments will be applied to either your student account or made directly to you. Financial aid awards are disbursed no sooner than the 1st day of each payment period. A payment period is generally the first day of each semester in a student’s academic year. Payments applied to your account Federal Title IV Financial Aid, excluding work-study earnings Institutional Scholarships Outside Scholarships State Assistance Loans Disbursed Electronically Loan Checks made Co-payable to the Student and Ex’pression Payments made directly to you Work-study pay checks for Federal College Work-Study positions Excess aid in your student account (if aid exceeds your amount due, you may receive a refund) Excess aid from a loan check (if you receive a loan check and have no balance in your student account) Excess aid from anticipated aid (if your student account indicates aid has been processed but not disbursed, you may be eligible for a cash advance) Federal Title IV Financ
Related Questions
- When talking about financial aid amounts I used to just report disbursed aid. Why was the word "received" clarified to mean awarded and accepted?
- Wouldn’t this money just replace money funders would have disbursed through other aid mechanisms?
- Wouldn’t this money just replace money donors would have disbursed through other aid mechanisms?
