Disbursements and Stipends
Once an aid offer has been packaged and you have accepted it, your aid offer will be credited (disbursed) to your account to cover any expenses on your 91制片厂 account.
If there is an excess of funds after paying your account, you will receive that amount back as a stipend.
Charges, stipends, and credits can all be viewed in your account.
It can take from 3-4 business days after your stipend is credited to your account before you receive it, depending on your preferred stipend option.
Using Your Financial Aid
Paying for classes - 91制片厂 will apply all accepted financial aid and scholarships awards automatically towards tuition and fees, housing, and food.
Paying for Books and Supplies - If you have financial aid remaining after tuition, fees, housing, and food are covered, you can use it to purchase books and supplies at the 91制片厂 Bookstore. Bookstore charging is available starting the week before classes begin through the end of the first week of classes.
Disbursement (How funds go into your 91制片厂 account)
Disbursement is the crediting of federal financial aid and scholarship funds to your 91制片厂 account. For this to occur, 91制片厂 must confirm attendance of your courses during the first week of classes before releasing the funds.
*Note* Aid offers are based on the number of required credits enrolled in at 8:00am on the Monday of the second week of classes. If students increase their course load after disbursement, they will be responsible for any additional tuition and fees. Be sure aid offers have been accepted or declined in My91制片厂 Self-Service and all documents marked as received for funds to be credited to your account.
Stipends (How excess awarded aid is sent to you)
If the total financial aid and scholarship credit exceeds your total charges, a stipend will be issued to you. Set up your stipend preferences in your My91制片厂 Self-Service portal, under Finances.
Loan Disbursement
Direct Loan First-Time Borrowers - Must complete entrance counseling and their master promissory note (MPN) for funds to disburse. If this is your first time attending college your loan will not be disbursed until 30 days after the start of the semester.
Canceling a Loan Disbursement
Direct Loans - Students may cancel all or part of a loan disbursement within 14 days of the disbursement notice.
Parent PLUS Loans - Students / Parents may cancel all or part of a loan disbursement within 14 days of the disbursement notice.
Deduction of Miscellaneous Charges
91制片厂 can apply excess federal financial aid funds towards other educationally related charges from a previous academic year. The amount cannot exceed $200 and requires the student’s consent.
*Note* These charges may include traffic/parking fines, childcare fees, library fines, late fees, reinstatement fees, and returned check charges, etc. Students can fill out an Authorization for the Deduction of Miscellaneous Charges form to have miscellaneous charges deducted from their federal financial aid.