The University of Louisville’s Office of Financial Aid staff is dedicated to providing students and their families with courteous and efficient financial services while complying with all federal, state and university policies. Our goal is to help you explore your options and make your academic goals more affordable.

We provide both walk-in and by appointment counseling to current and prospective students Monday through Friday.  On Thursdays the office is closed until 12:30 p.m. except during peak processing time and orientations. We also provide assistance to both current and prospective students through our Call Center. Representatives are available from 9 a.m. until 5 p.m. Monday through Friday. Representatives will answer general financial aid questions as well as some specific account inquiries. FERPA privacy restrictions may restrict us from answering some questions over the phone.

 

Important Announcements

Fall 2016 Aid Disbursement and Residual Funds

Aid Disbursement

Once the Student Financial Aid Office completes a review of your eligibility, we will electronically disburse all available financial aid funds to the Bursar's Office beginning August 17th. The Bursar's Office will then post that aid to your account.

Some financial aid programs (such as the Kentucky KEES and TEACH Grant) have later disbursement dates. If you are enrolled in all special or second-half courses, you will not have your aid reviewed for disbursement until you actually begin classes.

 

Residual Funds

The University of Louisville uses the company Bank Mobile(http://louisville.edu/bursar/onecard) to deliver all residual funds to students. With Bank Mobile, you can request your residual funds go to a free Bank Mobile checking account with a debit card or direct deposit to your personal bank account.

If you misplaced your Bank Mobile card or you discarded the mailing containing it, you may call the Bursar’s Office at 502-852-6503.

You can monitor your account on ULink (listed under Tuition, Fees, Payment Options on the Student Services tab) to review disbursed funds. It can take up to 48 hours for a refund to be processed with the Bursar’s Office and transmitted to Bank Mobile.

For Residual fund information, review the Bursar’s Office website http://louisville.edu/bursar/.

 

Fall 2016 Part-Time Aid Adjustment and Waitlisted Coursework

If you have finalized your fall 2016 enrollment and are attending less than full-time, you may submit a fall 2016 Part-Time Aid Adjustment Form. By submitting this form, you are requesting we proceed with making any necessary adjustments to your financial aid and/or cost of attendance based on your current enrollment. The priority deadline to submit the form was August 12th. This information was sent out through email to awarded students who were enrolled less-than full-time.

If you attend less than full-time and do not submit this form, the adjustment and disbursement of your aid (based on your enrollment) will not be processed until early September. If already awarded, the Federal Pell Grant cannot be adjusted for classes added after August 26th. If your aid has disbursed and you drop classes during the 100% tuition refund period, your aid will be reviewed for necessary adjustments, and you may owe funds back to the university.

Waitlisted classes and classes taken for Audit do not count in your total enrolled hours for financial aid purposes. Please do not complete the Part-Time Aid Adjustment Form if you are waitlisted for a class(es) or plan to make adjustments to your schedule. If you change your enrollment after you submit the form, a hold will be placed on your account, and your aid will not be reviewed for disbursement until after the published last day to add or drop with 100% tuition credit.

 

Financial Aid and Degree Requirements

If you are enrolled in a course(s) that does not count toward your degree requirements, the course(s) cannot be used to determine your enrollment status for federal financial aid and state need-based aid purposes.  This means you cannot receive federal financial aid and state need-based aid for any course that does not count toward your degree requirements.

If it is determined you are enrolled in a course(s) that does not meet your degree requirements, your aid will be reviewed and any necessary adjustments will be made.  You will be responsible for settling any potential outstanding balance created.

If you are aware you are enrolled in a course(s) that does not meet your degree requirements, please notify our office as soon as possible.

 

Fall 2016 University Funds Advance

University funds advances are offered via ULink in coordination with the Bursar’s Office. To qualify, you must:

  • have anticipated aid (aid that has not disbursed) that exceeds your bill
  • have not been processed residual funds of $500 dollars or more
  • not have aid that needs to be reviewed for adjustments due to being enrolled part-time

The maximum university funds advance amount is $450, and there is a $5 processing fee assessed by the Bursar's Office, who has the final approval on each university funds advance. Undergraduates and graduates may begin applying and printing the university funds advance request form via ULink on August 19th after 1:00 p.m.

 

Students enrolled part-time who did not complete the Part-Time Aid Adjustment Form by August 12th can come to the Student Financial Aid Office to request a manual review of their university funds advancement eligibility. The maximum university funds advance amount for such students is $250.

 

First-Time Direct Loan Borrower at UofL

For student Direct Loans to disburse in a timely manner, it is critical students complete all required steps if interested in borrowing the loan funds. For loans, this includes loan acceptance in ULink and completing the Master Promissory Note(s) and Entrance Counseling with the Department of Education.

Entrance Counseling and the Master Promissory Note for Direct Loans can be completed online at www.studentloans.gov.

 

The NEW 2017-2018 FAFSA

You will be able to file your 2017-2018 Free Application for Federal Student Aid (FAFSA) on October 1, 2016, using 2015 income and tax data, instead of waiting until January 2016.

The following table summarizes the changes.

School year

FAFSA submission window

Required Tax and Income information

Fall 2016, Spring 2017 and Summer 2017

January 1, 2016-June 30, 2017

2015

Fall 2017, Spring 2018 and Summer 2018

October 1, 2016–
June 30, 2018

2015

Fall 2018, Spring 2019 and Summer 2019

October 1, 2017–
June 30, 2019

2016

 

Please set a reminder for yourself!  Look for future reminders from the Student Financial Aid Office, but most importantly, do not forget to file your FAFSA in October 2016, and on or as close to October 1st as possible, to maximize your potential award eligibility for the for the 2017-2018 year.

Upcoming Important Dates

  • August 17th, 2016
    First disbursement for undergraduates and graduates
  • August 19th, 2016
    Advances made available after 1p.m.
  • August 22nd, 2016
    Fall 2016 classes begin
  • September 5, 2016
    Labor Day Holiday – Office Closed
  • Late September, 2016
    Kentucky Educational Excellence Scholarship (KEES) disbursement
  • October 3rd -4th, 2016
    Mid-Term Break (Office Open)
  • November 1st, 2016
    Satisfactory Academic Progress Appeal Deadline
  • November 8th, 2016
    Election Day- Office Closed