Disbursement Information

Financial aid will be posted to your My.UAFS account once all required steps have been completed and eligibility has been determined; however, funds may disburse (be applied to) the charges on your student account at a later time. Unless specifically directed by the awarding agency, aid will be disbursed to the student account on the eleventh day of class. To view disbursements on your student account, you will need to log into your My.UAFS account then click:

  1. Students
  2. Banner Self Service
  3. Student Accounts
  4. Account Detail

 

Disbursed aid will appear in the top portion under the payment column of the Term Detail.

 

NOTE: Once funds have been disbursed, those funds will no longer appear as Pending Aid.

 

Federal Pell Grant Disbursement Information

Federal Pell Grant (Pell) funds will be disbursed to the student account based on the dates of the student’s enrollment.  If a student is only enrolled in full-term courses, all eligible Pell funds will be disbursed on the eleventh day of class.  If the student is enrolled in any courses that begin at any other point within the semester, a partial amount of eligible Pell funds will not be disbursed until that student begins attending those late starting courses.

 

Federal Loan Disbursement Information

Federal loans may be disbursed on or after the eleventh day of class.  Students must satisfy all of the requirements for federal loans before those funds may be disbursed.  All federal loans will be disbursed in two disbursements.  For a full year federal loan, the first disbursement would be within the Fall semester and the second disbursement would be within the Spring semester.  If a student has a single term loan, that loan will generally disburse half on or after the eleventh day of class and the other half would be disbursed after midterm grades are posted.  For more information regarding the requirements for federal loans, please visit our Federal Direct Loans and Federal PLUS Loans webpages.

 

NOTE: If a student will not have half-time enrollment status until a later starting course begins, the loan funds will not be disbursed until that student begins attending that later starting course.  If the student drops the late start course prior to attending, the student will not qualify for those federal loan funds.

 

Refund Information

A refund will be generated on your account if you are scheduled to receive more refundable financial assistance than you have in allowable charges on your student account.

To view refunds on your student account, log into your My.UAFS account then click:

  1. Students
  2. Banner Self Service
  3. Student Accounts
  4. Account Detail

Refunds will appear in the top portion under the payment column of the Term Detail.

 

When can I expect my refund?

Direct deposit refunds typically appear in your bank account within 24-48 hours from the time the refund is posted to your student account. You will receive an email notification in your UAFS email account when the direct deposit information has been sent to your bank. Paper check refunds are typically processed once a week, which may delay the receipt of your refund due to processing and postal service. Refund checks lost in the mail will not be re-issued until 10 business days after it was mailed out.

 

Direct Deposit Information

Students may set up direct deposit for refunds from their UAFS student account. This allows students to receive their refund more quickly than waiting for a paper check to be mailed.

 

NOTE: Direct deposit should be set up at least 24 hours BEFORE your refund is posted to your student account. If not, you will be issued a paper check.

 

To Set Up Direct Deposit

  1. Log into My.UAFS
  2. Click Student
  3. Click Banner Self Service
  4. Click Online Business Center
  5. Click Setup Refund Direct Deposit
  6. Enter your banking information