If you’re getting more money than you owe in tuition and fees, you’ll receive a “financial aid refund”. After completing Step 3: Review and accept award, follow the steps below to receive your funds.
Different funds are disbursed at different times – see below for specific dates.
| Type of fund | Fall 2024 | Winter 2025 | Spring 2025 |
|---|---|---|---|
| Grants and Loans | Oct 4 | Jan 17 | Apr 11 |
| Direct Loan, 1st-time borrower Disbursement for 1st-time borrowers is delayed 30 days. | Oct 23 | Feb 6 | May 1 |
| Direct 1-term Loan, 2nd disbursement One-term loans are distributed in two disbursements. The 2nd disbursement is the mid-point in the term. | Nov 4 | Feb 14 | May 9 |
| Work Study | Funds are disbursed in paychecks throughout the term | ||
Tuition and fees not covered by financial aid must be paid by you – see ways to pay.
The amounts shown in your award letter are based on full-time enrollment (12 credits per term). If you are enrolled for fewer than 12 credits when your funds are disbursed, your award amounts might have been adjusted. If you have questions about your award amounts, contact the Financial Aid Office.
After you get your funds, make sure you keep your funds: learn more at Step 5: Maintain eligibility.
