When Will Disbursement of Funds Start?
Financial Aid funds are disbursed to your student account no sooner than 5 days before the start of the term as long as you have completed the necessary requirements for the fund. Financial aid disbursements will pay your allowable charges first, including tuition and fees and housing costs. Any remaining owing balance is the responsibility of the student to be paid before the tuition and fee due date published in the University of Alaska Southeast Catalog every year.
When Will My Outside Scholarship be Disbursed?
Outside scholarship funds will not be disbursed to your student account until the funds from your donor have been deposited to your student account. The promise of scholarship money does not de-obligate you from your requirement to pay all of your tuition and fees by the posted fee due date. When your scholarship funds arrive they will be posted to your student account. Once the funds are posted they will be used to pay any owing charges on your student account. Any remaining funds will be issued to you in a refund check.
When Will My Alternative Loan be Disbursed?
Alternative loan funds have a mandatory federally required waiting period on their disbursement of 10 days. This disbursement delay is regulated by the student’s lending institution. Once the funds has been disbursed to the school, they will be disbursed to the student’s account and used to pay any listed charges. If any funding remains, this money will be given to the student in a refund check.
If you are scheduled to receive more financial aid assistance than you have allowable charges on your student account, you will be issued a refund check no sooner than the 5th day of the term. Please note that refund checks are not guaranteed to be available for your use on this date. You should not create debts payable with your financial aid refund check until the check has been cashed or deposited into your own private banking account. The University will remain harmless as to any debts created by the student with a promise to pay coming from a financial aid refund check.The University of Alaska Southeast has two options available for refund checks. The student is defaulted into the paper check process. Through this process the student must present picture ID at the Student Account’s office located in Novatney Building to pick up their check. Through UAOnline, students may also enrolled in Direct Deposit, allow for refund checks to be deposited directly into the student’s banking account.