Disbursement of Financial Aid

Disbursement of financial aid awards can only be made after:

1. You have registered and IF you are registered for the sufficient number of hours.
   • An undergraduate must be enrolled for 12 credit hours to receive full-time aid.
   • A graduate must be enrolled for 5 graduate level credit hours to receive full-time aid
   • Part-time aid may be prorated. Contact the Financial Aid Office for more information.
2. You have completed your financial aid file, and;
3. You are making Satisfactory Academic Progress (SAP).

Disbursement of Awards

Financial aid refund checks, which will be the difference between your total grants, Federal Perkins Loan, Federal Stafford Loan awarded and your total tuition, fees, and residence hall room and board (if applicable), will be mailed to you approximately one week prior to the beginning of the semester. You must authorize a direct deposit of your refund by completing the Direct Deposit authorization form or make arrangements with the loan disbursement office. Funds are disbursed if you are registered for the sufficient number of credit hours, have a complete financial aid file, are a degree-seeking student, and have met Reasonable Academic Progress requirements.

Again, if you are a first-time borrower at this university, you must complete pre-loan counseling as your loan will not be processed if this has not been done.

If you are borrowing a loan for the first time, or have changed lenders then you are required to sign a Master Promissory Note (MPN) before your loan will be disbursed.

If you do not have sufficient grant and/or loan funds to cover tuition and fees, you will receive a BILL for the balance of TUITION AND FEES from the Bursar's Office and will be responsible for this payment.