All financial aid received on a student’s behalf will be posted to the student's account to be applied to direct costs to include tuition and related fees, as well as dorm and meal plan charges if applicable. If after all charges have been covered and there is a credit remaining, then the student will be eligible for a refund of the remaining balance.
Federal loans, including Direct Stafford and PLUS, will be applied to the student's account in two disbursements each semester. Please click the button below to see a sample disbursement. For all Federal loans, the first disbursement will occur 30 days from the start of the semester. The second disbursement will occur 60 days from the start of the semester. Financial Aid refunds will be processed to eligible students via direct deposit or check beginning the fifth or sixth week of the semester, after course attendance and class participation is verified. For direct deposit, please allow 1 - 2 business days from the scheduled expected refund date and up to 10 days (include standard U.S. Mail delivery time) for processing paper checks. Please refer to the disbursement schedule (Financial Aid Deadlines and Timeline below) to determine when funds will be released.
You have the right to cancel all or part of any loan disbursement made on your behalf. You have the right to cancel the disbursement(s) by submitting written notification to the Cashier’s Office within 14 days of the disbursement.