Please be advised, the Student Financial Aid Office will be closing at 12:00 on December 10th.

A decision about additional spring awards from the Federal Work-Study and Perkins Loan programs will be made on Friday, February 5th. Please monitor our website for up to date information.

Spring 2010 Aid Disbursement, Higher One, and Residual Funds

Aid Disbursement

Once the Student Financial Aid Office completes its review of your eligibility, we will electronically disburse all available financial aid funds to your account with the Bursar's Office.  Disbursed financial aid exceeding your balance owed to the university is considered residual funds. Please note that some financial aid programs (such as Kentucky KEES, ACG Grant, SMART Grant, TEACH Grant) have later disbursement dates. During the period from January 5th through January 22nd, financial aid will be disbursed to the Bursar's Office every day.

Higher One

The University of Louisville contracts with Higher One (an outside company specializing in student refund payment services) to deliver all residual funds to students. With Higher One, you can request either direct deposit of your residual funds to a free Higher One checking account with a debit card or direct deposit to your personal bank account. Students whose personal bank accounts are with a bank without Louisville area branches should consider a direct deposit to a free Higher One checking account, because there are several Higher One ATMs located on campus. To learn more about the UofL OneCard and the selection process, visit the Bursar's Office website or Higher One.

New Students

Shortly following your spring 2010 registration process, you should receive the UofL OneCard in the mail. You can view the status of this mailing online at: https://uoflonecard.higheroneaccount.com/cardsearch/initSearch. If you misplaced or discarded this mailing, you may call Higher One at 1-877-663-5959 to request a new one. Confirm your address information is correct in ULink before requesting this mailing. The Higher One card is required for you to select how you want to receive future refunds from UofL. To learn more about the UofL OneCard and the selection process, visit the Bursar's Office website or Higher One.

Residual Funds

Our first spring 2010 disbursement of available undergraduate and graduate financial aid funds to the Bursar's Office is scheduled for January 4, 2010.  Law, Dental, and Medical students should check with their respective departments for information regarding spring 2010 disbursements. The Bursar's Office will then apply those funds to spring bills. Please note there are thousands of transactions and they take some time to post to the student accounts.

The first electronic file of residual funds from the January 4th disbursement is scheduled to be sent to Higher One by the 6th. During the period from January 4th through January 15th, the Bursar's Office will send residual funds to Higher One every day. After the registration period is over, electronic files of residual funds sent by the Bursar's Office to Higher One are scheduled to occur at least twice a week. Please note that disbursement of financial aid funds, application of those funds to student accounts, and transmission of residual funds to Higher One may occur several times for students as funds become available prior to and during the semester. Students can monitor their account on ULink (listed under Tuition, Fees, Payment Options on the Student Services tab).

The earliest date residual funds would be received by students who have set their refund preference to a Higher One checking account is January 5th. The earliest date residual funds would be received by students who have set their refund preference to be an ACH transfer to a personal bank account is January 6th.  Students will receive an email notification from Higher One once their residual funds have been received and processed according to their selected delivery preference. Generally, funds are available the day after disbursement for students who selected a Higher One checking account. Residual funds are generally available in 2 to 3 business days for students who selected to receive residual funds to their personal bank account (ACH transfer).

The UofL Student Financial Aid Office will begin processing all student loans through the Federal Direct Loan Program for the fall 2009 semester.  New and returning students will be required to complete Entrance Counseling and sign a new Master Promissory Note (MPN).  Parents who wish to borrow under the Direct PLUS loan program will also need to sign a new MPN.  Students can complete the Entrance Counseling online at https://www.direct.ed.gov/. Students and parents can complete the new MPN online at https://dlenote.ed.gov/empn/index.jsp. For more information about the Federal Direct Loan program please see our frequently asked questions and direct loan benefits handouts.

Scholarship Opportunity-deadline December 15th
Scholarship Opportunity-deadline February 15th