QUESTION:

ONCE I COMPLETE MY FINANCIAL AID APPLICATION PROCESS AND I AM AWARDED, HOW LONG WILL IT BE BEFORE MY FUNDS COME IN?

ANSWER:

Disbursement of all student aid is scheduled to occur immediately following the census date of the term or upon receipt of funds in the case of late awarding. After verification of enrollment and confirmation of eligibility, aid is electronically released to the Business Office for posting to student accounts. Loan disbursements are released for posting to student accounts within an initial period of three (3) business days from receipt of funds, as prescribed by the Department of Education. Aid disbursements in excess of term charges are released to the student in the form of a University credit check or direct deposit within fourteen (14) days of the creation of such credit, according to the time frame prescribed by the Department of Education. Federal and state aid will not be disbursed to students conditionally admitted to the University.


*WBU 12-13 Academic Catalog pg 54