Financial Aid Academic Year and Disbursements
An Academic Year is 32 weeks long and funding payments are split into two equal disbursements per Academic Year, generally made each 16-week term. Payments are delivered to the University from the Department of Education. The funds are then posted to the student’s account. The student is responsible for any balance that financial aid does not cover and must adhere to the tuition payment policy.
Title IV funding will be reviewed for disbursement on a 30 day basis, after the start of the term. If a student is still active in classes at the time of disbursement funding will be requested from the Department of Education and typically released to the University within 1-5 business days. Once funds are received, Student Accounts will add the funds to the student’s account and issue any credit balances within 14 days from the date the funds are added to the student’s account.