Disbursement & Refund

View 2011-12 Disbursement and Refund Dates

The "disbursement date" is the earliest possible date funds may be applied to your student account. For limited residency programs, all contracts/study plans/course descriptions & mentor agreements must be approved and accepted with Registrar prior to releasing any financial aid funds to the Business Office.   For terms that have mini sessions, “blocks” within the term, aid is released no sooner than the first block for which a student is enrolled.  While the Business Office will wait on your financial aid funds to cover your charges, students and families should plan appropriately for other expenses.

When funds arrive, your eligibility will be re-verified and the payment will be posted to your account. (Third party funding [i.e. outside scholarship checks] will be paid according to sponsor instructions.) Once your charges are paid in full, the Business Office will generate a refund check to you for any excess. Parents who are using a Federal Direct PLUS Loan have the option on the PLUS application to direct any excess loan proceeds to either the parent borrower or directly to the student.

Refunds for non-local students and parents are mailed via U.S. Postal Service first class. In order to allow for fluctuation in disbursement arrival, processing and mailing times, please allow up to three (3) weeks from your estimated disbursement date for your refund check to arrive in the mail. If more than three weeks have past since your disbursement date and your refund check has not arrived, please contact the Financial Aid Office and we will take the necessary steps to expedite your funding.

You may request that the Business Office hold your check for pick up by sending an e-mail to Angie Ridlen .