PAYMENT OF FINANCIAL AID AWARDS

A student’s financial aid award is not the same as the billing statement that originates from the Business Office. The financial aid award itemizes the various financial aid funding sources for which a student qualifies.

If any portion of financial aid award is estimated, a "Y" will appear under the column "EST" on the face of a student’s award. Any funds that are estimated will NOT be credited to your Business Office account balance until a student submits the additional requested documentation or until the scholarship or loan funds have arrived in the Business Office.

Recipients of Athletic and Fine Art Scholarships must sign and return the Scholarship Agreement Form to the Financial Aid Office to ensure funds will be credited to their Business Office accounts.

Students accepting the award of loan funds from the Federal Family Education Loan Program (FFELP), which include Federal Subsidized and Unsubsidized Stafford, and Federal Plus Loans often must submit a separate loan application. Many federal loans are subject to a 3% origination fee and up to a 1% guarantee fee. These fees will be deducted from your loan proceeds prior to the loan’s disbursement.

Federal Work Study and Campus Employment funds are paid to the student by check on the 15th of each month, based upon the number of hours worked in the previous month.