You are here: Home How to Apply Financial Aid: Start-to-Finish Step 5: Aid Disbursement

Step 5: Aid Disbursement

by wbpart01 last modified Jan 27, 2012 05:17 PM

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.

HigherOne

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.

New Students

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.


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