Each semester, grants, loans, and scholarships are disbursed to student accounts starting the 3rd Wednesday of the semester to pay off any University balances. If there are funds remaining, a reimbursement will be issued to the student. Disbursement and reimbursement dates are shown below for standard disbursement, summer disbursement, one semester only loans, and first-time loan borrowers. Dates are subject to change. Students are encouraged to complete their financial aid requirements early to ensure timely disbursement.
While reimbursements through direct deposit may take about 2-3 business days to process after disbursement, please be aware that check deliveries are dependent on distance and mailing service schedules/delays.
The Office of Financial Aid and Scholarships will disburse financial aid on Wednesdays after the initial disbursement (3rd week of the semester) and reimbursements are on Fridays.
|Disbursement||Fall 2023||Spring 2024|
|100% of funds disbursed to student accounts to pay University balances||Aug. 30, 2023||Jan. 31, 2024|
|100% of grants, loans, and scholarships reimbursement available through direct deposit.||Sep. 1, 2023||Feb. 2, 2024|
|100% of grants, loans, and scholarships reimbursement checks will begin to be mailed out by Student Accounts Receivable Office||Sep. 1, 2023||Feb. 2, 2024|
|100% of funds disbursed to student accounts to pay University balances||Jun. 12, 2024|
|100% of grants and scholarships refund deposited||Jun. 14, 2024|
|100% of grants and scholarships refund checks will begin to be mailed out by Student Accounts Receivable Office||Jun. 14, 2024|
One-semester only loans
One semester only loans will be split into two disbursements throughout the semester. 50% will disburse at the beginning of the semester, and the remaining 50% will disburse at the midpoint of the semester.
(Only students graduating in fall 2023).
|Spring 2024||Summer 2024|
|50% of loans disbursed to student accounts to pay university balances||Aug. 30, 2023||Jan. 31, 2024||Jun. 12, 2024|
|50% of loan refund deposited Student Accounts Receivable Office||Sep. 1, 2023||Feb. 2, 2024||Jun. 14, 2024|
|50% of loan refund checks will begin mailed out by Student Accounts Receivable Office||Sep. 1, 2023||Feb. 2, 2024||Jun. 14, 2024|
|Remaining 50% of loans disbursed to student accounts to pay university balances||Oct. 11, 2023||Mar. 13, 2024||Jun. 26, 2024|
|Remaining 50% of loan refund deposited by Student Accounts Receivable Office||Oct. 13, 2023||Mar. 15, 2024||Jun. 28, 2024|
|Remaining 50% of loan refund checks will begin to be mailed out by Student Accounts Receivable Office||Oct. 13, 2023||Mar. 15, 2024||Jun. 28, 2024|
If you have financial aid that exceeds the charges on your student account at the time of disbursement, you will receive a reimbursement, which may be used to pay other educationally related expenses. If subsequent charges are made to your account, after your financial aid has disbursed, you are responsible for paying those charges.
Students have a choice as to how they would like to receive their financial aid refund. Students are not required to open or obtain a financial account through a specific financial institution.
The following are financial aid refund options
Direct deposit is the electronic transfer of funds to your personal bank account.
Direct deposit Authorization is available through the Student Accounts Receivable Office and is the university’s preferred way to pay your financial aid. It is also the best way to ensure your aid funds are received in a timely manner. To have your financial aid refunds deposited directly into your personal bank account, please complete the Direct Deposit Authorization. Please allow 1-2 business days to process your direct deposit authorization, For additional information and instructions, please contact the Student Accounts Receivable Office at firstname.lastname@example.org or call 505-454-3444.
For students who do not use direct deposit, a paper check will be issued. Student Accounts Receivable Office will mail checks the Tuesday after disbursements. Checks are mailed out to the billing address listed on your student record.
If you receive a reimbursement check from the Student Accounts Receivable and subsequently lose, mutilate or destroy the check, please contact the Student Accounts Receivable Office at email@example.com or 505-454-3444 for information on having a check reissued.