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Disbursement of Financial Aid

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Disbursement of Financial Aid

The Financial Aid and Scholarship Office credits federal and state help right before the first day's class for every single semester. Pupils needs to be enrolled when it comes to number that is required of before help is going to be credited. You have to accept any loans provided to you throughout your MySUU Portal, and also you will need to have a finished aid that is financial before funds will likely be credited to your student account.

Loans are disbursed according to the principles regulating the loan that is individual and SUU policy. Federal Stafford, PLUS, and loans that are alternative typically be disbursed at the beginning of each and every the autumn and springtime terms. Federal loans, also because so many personal loans, need at the very least half-time enrollment (six credits for undergraduate students, five credits for graduate pupils).

Your loan funds will likely be electronically placed on your student account. The excess amount will be refunded to you by the Controller’s Office if the loan proceeds are greater than your university bill.

Disbursement of funds

Funds is going to be credited to your pupil account beginning 10 times prior to the start of each semester, although refunds will not be released ahead of the top class day.

Funds will never be credited for your requirements until your honors have accepted along with a complete aid file that is financial. We highly recommend that you distribute all documents to perform your file by May 1st to make certain funds is likely to be offered at the beginning of each autumn semester.

You need to be signed up for a diploma program that is seeking have finished educational funding file, and satisfy all the eligibility demands prior to the following help is disbursed for your requirements:

  • Federal Pell Give
  • Federal SEOG Give
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  • Degree Triumph Stipend (HESSP) Grant
  • Academic, Departmental or Outside Scholarships

The funds that are following have extra demands, which if needed, can be seen through the mySUU Portal:

  • Federal figuratively speaking - Entrance guidance therefore the Master Promissory Note should be complete before disbursements may be granted for student education loans.
  • Perkins Loan – Entrance guidance plus the Master Promissory Note must certanly be complete before disbursements are going to be granted for figuratively speaking.

Accessibility to refunds

Most of the aid that is financial scholarships mentioned above will likely to be compensated towards your tuition and charges as well as other education fees. Once your billed fees have actually been compensated, a credit would be available on the account. Reimbursement checks are cut and made available in the top class time, during the earliest.

Please be aware: Federal Title IV funds may not be used to pay for belated fees, parking fines or just about any other costs that aren't education that is direct.

Using Financial Aid Funds to your SUU student ID Card

For those who have school funding that surpasses your billed fees, it is possible to go right to the Cashier’s workplace and apply when it comes to overage (up into the number of your refund each semester) to be employed to your pupil ID Card as T-Bird dollars. Your file needs to be complete, and also you should have school funding in more than your billed charges to be able to apply money to your card. You can start using school funding to your card 10 times ahead of the beginning of each and every semester. Then you're able to utilize the funds to buy your books in the SUU bookstore or every other spot bucks that are t-Bird accepted.

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