Financial Aid Disbursement

The majority of financial aid payments will be credited electronically to a student's individual billing account. Only a small number of financial aid programs will continue to have checks printed and disbursed separately to students. The student's aid programs will be credited to his or her billing account and applied against the bill for tuition, fees, and on-campus room and board charges after the Office of Student Financial Aid receives the student's completed Financial Aid Notification (FAN) and the application file is considered "complete."

File "complete" means that:

1. We have received the student's signed Financial Aid Notification (FAN) accepting our aid offer;
   
2. We have received all information we have requested from the student;
   
3. We have received Financial Aid Transcript (FATs) from all schools the student has previously attended; and
   
4. Our office has completed processing the student's application.

NOTE: Any outstanding balance amounts the student owes pending aid are collected at time of disbursement.

For more information contact the Business Affairs Office at (218) 281-8331.