University Student Initiatives Manual (USI)

Effective: 1/1/1984

Revised: 3/1/2007

USI 301–10: Disbursement of Financial Aid Funds

Purpose

To establish criteria for the release of funds to students

Source

Student Financial Assistance

Policy

Students whose credited financial aid for any given semester is in excess of charges on their student account will receive refund checks by mail or direct deposit if:

1. they are enrolled for the number of semester hours required for each program for which an award has been made
2. they have fulfilled all financial aid program requirements and submitted all required documents

   and

3. they are maintaining Satisfactory Academic Progress.

Cross-References

For more information on enrollment status, see USI 301–02, “Enrollment Status.”

For more information about Satisfactory Academic Progress, see USI 301–04, “Satisfactory Academic Progress.”

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