Financial aid is disbursed to student accounts at the start of each term.
The Office of Financial Aid transmits scholarships, grants and loan amounts to the Office of the Bursar, as funds are received, for students whose required documents have been returned to the Office of Financial Aid and have been processed.
The Office of the Bursar credits disbursements to the student's account. All funds are applied to tuition, fees, room, board and other University charges. Any remaining charges, after financial aid has been applied, will be billed to the student.
If a student's financial aid exceeds their charges, the remaining credit will be refunded to the student by the Office of the Bursar after the end of the add/drop period (the time in which a course can be withdrawn from, without incurring tuition cost) each term.