Aid disbursements are made throughout the day. If you are expecting a disbursement, please allow the entire day for processing before contacting the Financial Aid Office for a status update.
An undergraduate student eligible for Pell is attending 3 hours in B and 3 hours in D. She can expect half of her Pell Grant 21 days after her first class in B begins and the remaining half 21 days after the beginning of D.
If she were taking a class in B and another in C, she could expect half of her Pell in B and the remainder in C.
If she were taking 2 classes in D only, she could expect her full disbursement of Pell in D.
**Enrollment and pro-ration of Pell applies to all combinations of enrollment.
An undergraduate/masters student planning to borrow federal loans is attending 3 hours in B and 3 hours in D. He meets all eligibility requirements and can expect the full loan to release to his student account 21 days after his D term class begins. His refund will be processed within 4 days after the funds are showing paid to his student account on ASIST on the 25th day of enrollment. The refund will then be transferred to Higher One for processing.
If he were taking a class in B, C, and D, his loan would disburse 21 days after C began.
If he were taking 2 classes in B only, his loan would disburse 21 days after B began.
If he were taking all residential courses, his loan would disburse 21 days after the start of those courses.
**The half-time enrollment and 21 day criteria apply to all combinations of enrollment for all students and levels.
For information and timeframes for processing refunds, visit this link. The Financial Aid Office does not process refunds.