3.4 Authorization of Payment and Disbursement

Student Aid will begin authorizing payments months prior to the start of the semester; however, disbursement of funds will not begin until 10 days before the start of your first class each semester. Your disbursement may be delayed, and aid later cancelled if:

  • You are not enrolled in enough credit hours for a particular student aid program (see the Types of Aid)
  • You are not meeting Satisfactory Academic Progress
  • You have outstanding disbursement requirements (view requirements on Self-Service Banner)
  • You are enrolled in courses that are not required for your Program of Study

We will begin crediting student aid awards ten days prior to the start of your first class date. You may view your award payment schedule by logging into Self-Serve Banner, selecting “Award” and then “Award Payment Schedule”.

Grants are typically disbursed once each semester. Loans are also disbursed once each semester unless you are receiving a loan for a single semester or are enrolled in an accelerated online program. If receiving a loan for a single semester, you will receive two equal disbursements in the semester.