Disbursement Procedures

How and when your financial aid is disbursed can depend on:

• what type of funding you have
• whether you have met the requirements for your funding
• your class standing

When

• Funds are disbursed for a semester on or after the first day of classes.

• Grants and scholarships are disbursed at the beginning of the semester, or as soon as the funds are received and the requirements of the funds are satisfied.

• Pell grants will be prorated according to your credit load up until the 50% refund drop deadline for the semester.

• Federal Stafford and Americorps funds are disbursed in at least two equal disbursements over the funding period. A typical year-long Stafford loan will be disbursed in two equal installments: one at the start of the Fall semester, and one at the start of Spring. The first installment of a single-semester Stafford loan will be disbursed at the beginning, and the second installment will be disbursed at mid-point of the semester.

• First-year, first-time borrowers will receive the first installment on federal loans no sooner than 30 days from the start of the semester.

How

Financial aid funds will normally be either wired to the university and then posted directly to your student account, or issued by paper checks.

Funds that can be electronically wired:

• Federal Pell and SEOG grants, and UAS tuition assistance grants.

• Americorps awards.

• State and most federal student loans. All of the federal student loan lenders on our lender list and many other lenders can transmit funds by electronic funds transfer.

• UAS and UA Statewide Foundation scholarships and some scholarships from outside agencies.

Funds that may require endorsement of a paper check:

• Some federal student loan lenders

• Some scholarships from outside agencies

• Check UAOnline to determine whether you have a check that needs to be endorsed. Checks awaiting your endorsement will be at the cashier's in the bookstore on the Juneau campus, or at the Administration counter on the Ketchikan or Sitka campuses.

Refund Checks

• Any unpaid university charges will be paid with your financial aid. If you have more financial aid than charges, the Business Office will issue you a refund check for the remainder. If your financial aid will not cover your charges, you will need to pay the difference. Make payment to Business Services (907-465-6267) or check the status of your financial aid before the payment deadline.

• Any refund due to you will be available within 14 working days from the date the funds were posted to your student account. Contact Business Services (in Juneau at 907-796-6267, in Sitka at 907-747-7708, and in Ketchikan at 907-228-4530) after your funds have been posted if you will need to have your refund check mailed to you. Otherwise, you can pick up the refund check from the cashier at your nearest UAS campus.

See UAOnline for:

• remaining financial aid requirements
• status of your funding
• balance on your student account
• checks that require your endorsement
• whether a refund check will be available soon and more!

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