DISBURSEMENT
All aid is divided into two disbursements: Fall and Spring semesters. In most cases, the amount of aid will be distributed evenly over the two terms. Grants, scholarships, and Federal Perkins loans (if applicable) will be applied to direct costs, tuition, fees, room and board (if living on campus) and any other balance owed.
All financial aid funds will be credited directly to your account to pay tuition, fees, and room and board.
Before Federal Perkins funds are credited, students will be required to complete Entrance Loan Counseling and the Federal Perkins Promissory Note on-line - Procees My Perkins Loan
Federal Title IV regulations state that an institution may not require a student to authorize the use of his/her federal funds for other than those stated in the above paragraph. However, a student may authorize the institution that is providing “Other Goods and Services” credit the student's account for the amount of those other charges. The Office of Financial Assistance has made the assumption on your award letter that If you do not want to authorize this ‘direct credit' to your account, please contact the Office of Financial Assistance.
Receipt of financial assistance awards may exceed the charges on your academic fee account and result in a credit on your account. Overawards will be automatically refunded beginning the second week of the term. Refunds will be processed once a week during the rest of the term.
Disbursement Schedule:
Fall Semester 2007 |
Spring Semester 2008 |
| Check eSIS Self Service for an indication of "Refund" - add 2 business days |
Check eSIS Self Service for an indication of "Refund" - add 2 business days |
| Credit balances will be ready starting September 18, 2007 |
Credit balances will be ready starting February 8, 2008 |
