Disbursement is the process of financial aid paying electronically into your Student Account.
Financial aid pays your student account
If you checked "Yes" to Financial Aid Witholding Authorization on your eFAAN, the money can be used to pay any charges in your account, including housing or bookstore charges. Otherwise, money will only be applied toward the current term's tuition and fees.
You get money or a bill
If you have sufficient financial aid funds to pay off your account, you will receive a credit balance. If your financial aid doesn't cover your balance, you will receive an e-bill at your student email account.
Your financial aid will be disbursed into your University student account at the start of each semester if you have registered for the required number of credits (see below). Approximately two weeks before the start of the semester your enrollment is verified and your aid is prepared for early disbursement. Your financial aid could be disbursed into your student account as early as the week before classes begin.
After the beginning of the semester financial aid is disbursed on a rolling basis. If funds become available to you because you have completed required documentation, cleared a hold, or received an additional source of aid, for instance, your aid will be disbursed as quickly as possible.
Consequences of changing enrollment
At the end of the cancel/add period (the last date to add full semester classes without college scholastic committee approval), your enrollment is verified for the second and last time for the semester. All adjustments to your semesters aid will be made at that time. You may receive additional aid if you increased your credit load, or if you reduced your credits since early disbursement, you may be asked to repay aid that you are no longer qualified to receive because you don't meet the credit requirements.
- Undergraduate credit requirements
- Graduate and professional student credit requirements vary widely. Please be careful and confirm your requirements.