Step 5: Aid Disbursement
Fall & Spring Aid Disbursement
Once the Student Financial Aid Office completes a final review of your eligibility, we will disburse all available financial aid funds to the Bursar's Office. The Bursar's Office will then post that aid to your account. Disbursed financial aid that exceeds your balance owed the university is considered residual funds. (Note: Some financial aid awards are restricted to payment of specific charges only and overawards are not refundable.) Some financial aid programs (such as KEES) have later disbursement dates. Subsequent disbursements of available financial aid to the Bursar's Office are scheduled to occur at least twice a week.
Financial Aid from most federal and state aid programs is based on a
student's enrollment as of census date each semester. Census date is
the last day to drop at 100% tuition credit. Waitlisted courses are not
included in a student's enrolled hours. After the published census date,
aid adjustments are made for the term and no other adjustments will be
made for enrollment changes. Students have the right to appeal to the
Financial Aid Office for unusual circumstances causing a late add. To
ensure, proper posting of your financial aid awards, please be sure you
are registered for the correct number of hours as of census date.
The University of Louisville has contracted with HigherOne, an
outside company that specializes in student refund payment services.
All residual funds are delivered to students through HigherOne. With
HigherOne, you can request direct deposit of your residual funds to a
free HigherOne checking account with a debit card, or direct deposit to
your personal bank account. The transaction to your personal bank account
is called an ACH transfer. Students whose personal bank accounts are with
a bank without Louisville area branches should consider a direct
deposit to a free HigherOne checking account because of several
HigherOne ATMs located on campus.
Shortly following your fall 2012 class registration, you should receive the mailing of the UofL OneCard. You can view the status of this mailing online.
If you misplaced this mailing or you previously received the mailing
and discarded it, you may call HigherOne at 1-877-663-5959. Confirm
your address information is updated in ULink before requesting this
mailing. The HigherOne card sent in this mailing 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 HigherOne.
Financial Aid Advance
The Financial Aid Advance form can be requested on ULink
and printed by eligible undergraduates, graduate students, and law
students. It is listed under the Financial
Aid section on the Student Services tab. If you have any questions, you
may contact our office to determine your eligibility for the financial
aid advance. The maximum advance is $450 of your anticipated financial
aid funds if your funds have not disbursed.