You have accepted your financial aid offer and are ready for your money! When will you get it? How will you get it? What is a disbursement anyway?
When will my financial aid disburse?
To ensure your financial aid will disburse, ensure of the following:
- You have accepted your awards
- There are no financial aid related items on your Holds/To Do List sections
- You are enrolled in the correct amount of units
The first disbursement of the semester will be one week before school starts. Subsequent disbursements occur once a week throughout the semester, and you will only receive a disbursement if there is any remaining aid needed to disburse for that semester.
Your Account Activity will help you keep track of your disbursements.
Your Account Activity is located in the Finances section of your Student Center, inside the "other financial" drop down menu:
Click on Account Activity, and then on the double arrows, and you will be prompted to the Account Activity Screen:
The charge column indicates what the University has charged you for. You can see all of your charges regarding tuition, on-campus housing, pharmacy fees, lab fees, etc., and the date you were charged with this fee. Any questions regarding your charges should be directed to the Bursar's Office.
The payment column reflects any payments made. You can track if and when any financial aid disbursements have occured through the payment column. Financial aid first applies to any fees assessed on your account. Any remaining amounts will be given to you in the form of a refund.
The refund column indicates any money that the Bursar's office is returning to the student. For financial aid students, any remaining aid after fees are paid off is called a refund. Refunds are sent one of two ways:
- A check in the mail, using the mailing address that is listed with the University
- Direct deposit. Enroll in direct deposit on your Student Center. More information can be found at the Bursar's page on Direct Deposit.