Grant & Scholarship Disbursement Procedures
Grant and scholarship funds are normally payable in two equal disbursements. The first half will be disbursed on the first day of the fall semester; the second half will be disbursed on the first day of the spring semester. Any delay created by missing documents required by the Office of Financial Aid will result in a delay in the disbursement of a student’s aid.
The Federal Pell Grant funds will be disbursed directly to the Student Accounts Office within three business days of receipt from the federal government, where the funds will be applied directly towards a student’s balance. The Pell Grant will not be officially deducted from a student’s billable charges until the funds have disbursed.
- If a student’s billable charges have already been paid in full and the grant or scholarship creates a credit balance, the Student Accounts Office will issue a refund to the student or the student can request through the Student Accounts Office that the credit be applied towards the upcoming Spring Semester.
Outside scholarship information that is received by the Office of Financial Aid will be applied to the student’s aid offer, which can be viewed on their financial aid online portal. These funds will NOT display on the student’s semester statement in Workday or Nelnet until the physical funds are cashiered to the student’s account by the Student Accounts Office.