Disbursement and Refund

After a student has accept their financial aid and has registered their coursework for the term, their financial aid will show as "anticipated aid" on their student bill about 4 to 6 weeks before the start of the term. Financial aid will officially pay a student's bill a few days before the start of the student's courses (which might not be the start of the term). A student should review their coursework they have registered for in Banner Self-Service to determine when their first course starts to determine when their financial aid will pay.

Financial aid must first pay a student's tuition and fees each term. If excess funds remain after paying these expenses, the student is sent a financial aid refund to help them pay for their books and living expenses. Financial Aid refunds are disbursed to the student's financial institution on or just before the student's first day of classes. Please note that it can take a few days for a financial institution to make these funds available to the student.

The student should make sure that they are signed up for direct deposit as that ensure the quickest way for the student to receive a financial aid refund.