Grants and Scholarships	Federal Direct Subsidized and Unsubsidized Loan
Federal Work-Study Program	Federal Direct PLUS Loan
Federal Perkins Loan	Federal Nursing Loan

Prior to the distribution of any funds, you must return your signed financial aid notification, and if applicable your Quality Assurance must be completed.   Financial aid is awarded based on the expected enrollment status you reported on your FAFSA. Disbursements may be delayed and/or reduced if your enrollment status changes. All funds are issued in two disbursements, once in the fall semester and once in the spring semester.

Students attending only one semester will have that semester's award disbursed at the beginning of the semester. Financial aid is applied to tuition and fee charges first and then toward housing and other institutional charges. If the aid is greater than the charges owed, you will need to request a refund check via UDSIS

Grants and Scholarships

Grants and Scholarships awarded or administered through the University are credited to your student account each week beginning approximately one week after the first day of classes.

Scholarships awarded through outside agencies will generally also be credited to your account once you have endorsed any checks received by the Office of Scholarships and Financial Aid.

Outside scholarship awards are divided equally between fall and spring semesters unless we are instructed otherwise by the donor.

Federal Work-Study Program

Biweekly paychecks are based on the hours you work. Your paycheck will be directly deposited to the bank of your choice.

Federal Perkins/Nursing Loan

Federal Perkins Loan funds are credited each semester to your student account generally one week after the first day of classes, provided you have returned a signed promissory note to our office in the Student Services Building and have registered each semester at least half time. The promissory note will be mailed to you after your signed financial aid notification has been returned.

Federal Direct Subsidized and Unsubsidized Loan

Funds will be disbursed directly to your student account generally one week after the first day of classes, if you have completed a Master Promissory Note or if you already have a Master Promissory Note on file, your loan has been originated and acknowledged by the direct loan servicer, and you have registered for the fall semester as the enrollment status you indicated on your FAFSA. If you have never received a Federal Direct Loan while attending the University, you may be required to complete a master promissory rate.

Entrance Loan Counseling before the first disbursement of your loan can be credited to your account. If so, you will be sent a letter notifying you of this requirement. Undergraduate students who complete their degrees in less than a full academic year, e.g., graduate in December, will have their Federal Direct Stafford Loans prorated per federal regulations. Proration is based on one semester and the enrollment status for that semester. If you are only receiving a loan for one semester your disbursement will be split into 2 equal disbursements, separated by about 4 weeks (this is due to Federal regulations).

Federal Direct PLUS Loan

Federal Direct PLUS Loan disbursements will be credited directly to your student account after your loan has been processed. If a refund is due resulting from the PLUS Loan, information provided by the parent on the Release of Excess Funds form will determine if the refund will be distributed to the student or the parent.