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If the financial aid process is complete prior to the start of the first day of the term, aid will be disbursed in accordance to the Loan Disbursement and Release of Credit schedule, this initially takes place on the first Friday of the term. This schedule is available on the student portal ( under Student Financial Services.

Students are encouraged to follow their Student Account in Banner Self-Service to see the disbursement date as well as the amount of credit they may have before they contact the school. Excess loan refunds will be processed within 14 days of the date federal aid was posted to the student’s account. A “Loan Disbursement Notification” email will be sent to the student's email containing the date the loan was disbursed, along with an estimated date of when excess credit will be refunded. The university payment cycle is conducted once a week and exceptions cannot be made. Please plan accordingly.

Credit is issued in the form of a paper check mailed to the student unless Direct Deposit has been setup. Direct Deposit is highly encouraged. Students are strongly encouraged to set up Direct Deposit for the refund of excess loan money. Set up can be done through Banner Self-Service > Student > Edit Direct Deposit Allocation in the connectCUNE portal. If you have already set up Direct Deposit, please visit Banner Self-Service to verify that the banking information is current.

Credit will not be held on your account for future charges. If loans are not originated due to missing paperwork, the date of disbursement will be dependent upon receipt of the missing information needed in the financial aid office. Missing information is listed in Banner Self-Service under Financial Aid--> Eligibility --> Student Requirements.


Last updated: 2018-08-07 03:07 PM 1901-1337253
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