Fund Disbursements

Financial aid for the trimester is based on the number of credits a student is registered for at the end of the drop/add period. At that time, financial aid will be credited to the student’s account. Students who have been selected by the U.S. Department of Education for verification must have the verification process completed before financial aid will be released. Students will be notified of the procedure by the Financial Aid Office.

If a credit occurs after Title IV (federal) aid has been disbursed to the student’s account, the credit will be issued to the student within fourteen days by Sallie Mae.  In order for the funds to be issued quicker, it is recommended that the student sign up for the debitcard/Sallie Mae Free Checking Account.  Students who want the credit to stay on the account must provide written notification to the Financial Aid Office. Students who have given the school permission to hold their credit and then change their mind must provide written authorization of change to the Financial Aid Office. Students should be prepared to cover their own living expenses well into the trimester.