Step 5: Aid Disbursement

Fall & Spring Aid Disbursement

If you are enrolled in regular courses as a full-time student or have completed the part-time adjustment form prior to the start of classes, we will reassess your eligibility and disburse all available funds to the Bursar’s Office. The Bursar's Office will then post the aid to your account. Disbursed financial aid that exceeds your balance owed the university is considered residual funds. Some financial aid awards are restricted to payment of specific charges only and are not able to be refunded to you. KEES money is disbursed pending release from the state typically 30 days after the start of classes. Subsequent disbursements of available financial aid to the Bursar's Office are scheduled to occur multiple times a week.

Financial Aid from most federal and state aid programs is based on a student's enrollment as of the term’s census date, which is the day following the last day to drop and receive a 100% tuition credit. Waitlisted courses are not included in a student's enrolled hours. As of the census date, aid adjustments are made for the term and no other adjustments will be made for enrollment changes assuming you begin attendance in all courses and remain enrolled for the entire term earning grades for all your courses


The University of Louisville has contracted with HigherOne for your student refund payment services. All residual/excess aid funds are delivered to you 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 several HigherOne ATMs are located on campus.

New Students

Shortly following your class registration you should receive the UofL OneCard in the mail. You can view the status of this mailing online. The HigherOne card sent in this mailing is required for you to select how you want to receive future refunds from UofL.
If you misplaced this mailing or you previously received the mailing but discarded it, you should call HigherOne at 1-877-663-5959. You need to confirm your address information is correct in ULink before requesting this mailing. To learn more about the UofL OneCard and the selection process, visit the Bursar's Office website or HigherOne.

Financial Aid Advance

If your anticipated financial aid exceeds your fall bill, you may be eligible for a cash advance. The Financial Aid Advance form is available for print on ULink approximately one business day after the first disbursement date of the term. 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.  There is a $5.00 processing charge assessed by the Bursar’s Office.

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