How are financial aid checks disbursed?
The financial aid office will “release” these funds no earlier than 10 days prior to the first class day of each semester. Once they have been released, the Fiscal Services office automatically applies the funds to the student account. If there are any remaining funds after all tuition and fees have been paid, a refund in the form of a check or direct deposit (if set up in advance) will be paid to the student. Remember to bring a voided check when submitting your direct deposit form to any of the Fiscal Services offices.
Financial aid checks will be mailed each semester approximately one month after the ‘Last Day to Pay Fees’ to the address on file. Tuition and fees, University housing charges, and all other outstanding debts will be deducted and a check for the remaining amount will be mailed to you. You can also set up a direct deposit to your bank account by visiting myFIU. If your financial aid is not sufficient to cover your expenses, it is your responsibility to pay any remaining outstanding debt. How do I purchase books prior to checks being released? The Financial Aid Office offers a Book Loan for students who have been awarded need-based or scholarship assistance to purchase books at the beginning of the semester. However, the total amount of the award for the semester (excluding CWS and Unsubsidized loans) must be sufficient to cover tuition, fees and the Book Loan. The application is sent to all eligible students and must be returned approximately one month prior to the start of classes. How
