How Financial Aid is Disbursed

Fall and Spring Semesters

  • Financial aid is paid in two disbursements – once for the fall semester and once for the spring semester.
  • Financial aid can only disburse if you meet the enrollment requirements for each type of aid. Some aid pays at a prorated amount based on enrollment while other types require half-time (six hours undergraduate, four hours graduate) or full-time enrollment (twelve hours undergraduate, nine hours graduate).
  • You must complete all requirements before your aid can disburse. See our checklist to make sure everything is ready to go!
  • If all requirements have been met, most financial aid will disburse to the student’s institutional “student account” about one week before the start of each semester.
  • Some assistance coming from sources outside of the institution (some state assistance, private scholarships, and third-party sponsorships) may arrive later.
  • Funds remaining after all University charges are paid are refunded to the student according to the method the student has chosen. Refund options are available here.
  • If you are required to make a personal payment on your account, obtain information regarding payment options here.

Summer Semesters

  • Financial aid can only disburse if you meet the enrollment requirements for each type of aid. Some aid pays at a prorated amount based on enrollment while other types require half-time or full-time enrollment.
  • If your aid requires at least half-time enrollment, the aid cannot disburse until you are attending the hours needed to be half-time. Example: federal loans cannot disburse until you are attending at least six hours as an undergraduate or three hours as a graduate during summer. If you have three hours that start in May and three hours that start in July, your aid will not disburse until you reach six credit hours in July.
  • You must complete all requirements before your aid can disburse. See our checklist to make sure everything is ready to go!
  • Some assistance coming from sources outside of the institution (some state assistance, private scholarships, and third-party sponsorships) may arrive later.
  • Funds remaining after all University charges are paid are refunded to the student according to the method the student has chosen. Refund options are available here.
  • If you are required to make a personal payment on your account, obtain information regarding payment options here.