How are scholarship monies disbursed?
Scholarship monies are deposited into your Bursar account. They are applied to any outstanding balances, then disbursed to you by way of direct deposit or refund check. Checks are mailed to your current address. Please note: If you are packed with need-based federal financial aid (for example, Stafford loans, Pell grants), and you receive one of the Hutton Honors College’s grants, awards, scholarships, or prizes, your award from the Hutton Honors College may not be paid-out in the form of cash funds (i.e., as money paid into your Bursar account), but instead, may be used by IU’s Office of Student Financial Assistance (OSFA) to reduce your student loan burden. If your federal financial aid is sufficiently large, i.e., is close to or already meets your cost of attendance at Indiana University, you must contact OSFA (855-0321) to learn how your HIEP grant may impact your aid and to determine whether your cost of attendance budget can be adjusted accordingly. • I was awarded the HIEP Schol
