Fall 2018 Part-Time Aid Adjustment and Waitlisted Coursework

If you have finalized your fall 2018 enrollment and are attending less than full-time, you may submit a fall 2018 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 is August 6^th. This information was sent out through email to awarded students who were enrolled less-than full-time.  Forms submitted after August 6^th may take up to 15 business days to process. 

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 24th. 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 are accepting a loan offer(s), you must be enrolled at least half-time in an eligible degree program or have approved non-degree status for the funds to disburse to your account. Half-time for undergraduates is 6 hours and half-time for graduate/professional students is 4.5 hours in fall and spring, and 3 hours in summer

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.

Fall 2018 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 15^th.  Understand that this is when funds are disbursing to the Bursar’s Office, NOT when you will receive residual funds. The Bursar's Office will then post that aid to your account. There are thousands of account transactions, so it will take time to post all the transactions to students' accounts.

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 2018 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 17th after 1:00 p.m.

Students enrolled part-time who didnot 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.

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.

The NEW 2019-2020 FAFSA

You will be able to file your 2019-2020 Free Application for Federal Student Aid (FAFSA) on October 1, 2018, using 2017 income and tax data.

The following table summarizes the application dates

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 2018, and on or as close to October 1^st as possible, to maximize your potential award eligibility for the for the 2019-2020 year.