Disbursement of Funds
- After you receive the award notice and complete each of the steps outlined within the letter, financial aid funds should be ready for disbursement.
- Disbursement is made at the beginning of each term, after classes begin. For example: fall awards are released at the beginning of the fall semester (early September), spring awards are released at the beginning of the spring semester (early January).
- Students generally receive financial aid by direct deposit or by mail from University Financial Services (UFS) in S-113 Criser Hall. UFS disburses aid only after verifying enrollment status and making sure students have no financial or academic holds on their records.
- All unpaid tuition/fees, housing charges, and other university debts (such as but not limited to lab fees, infirmary charges, and library fines) are deducted from students’ financial aid before disbursement. To decline automatic payment of UF accounts receivable charges (lab fees, infirmary charges, etc.) from your financial aid, contact UFS Disbursements at (352) 392-0737. Please note—this MAY delay disbursement of your aid. Financial aid may not be used to pay prior-term tuition fees.
- Tuition deferments are granted to all students that have applied for financial aid. Therefore, tuition is not due until financial aid is released. Once released, tuition and anything else currently owed to the school will be deducted from the financial aid check and the remainder will be released.
- Students are strongly encouraged to sign up for Direct Deposit to have their financial aid checks sent directly to their checking accounts. To sign up, go to ISIS > Financial Services > EFT Signup. Authorization becomes effective immediately. Also use “EFT Signup” to change your bank mid-year, if necessary. For more information on direct deposit contact UFS in S-113 Criser Hall.
- If not enrolled for Direct Deposit, the financial aid check will be mailed to the student’s local mailing address on file with the University of Florida.
Key things to remember about disbursement:
- Disbursements are made at the beginning of each academic term.
- If you have not received an award notice, you will not receive funds.
- Sign up for Direct Deposit. It is the only guarantee that your check will not be lost in the mail.
If you take out student loans, you’ll need to repay them. Read about repaying loans.
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