Disbursement Policy

Fall 2020

• Fall 2020Disbursements will begin to post to students' Bursar account the week of August 17^th.

In order to receive financial aid, students must meet all enrollment and disbursement conditions. For additional information, see the General Disbursement Policy below.

Web refunds take approximately 2-4 business days to show in your bank account.
 

Spring 2021

•    Spring 2021 Disbursements will begin to post to students' Bursar account beginning January 5^th . The majority of students will see aid release during the week of January 11th.

In order for financial aid to be released, students must meet all enrollment and disbursement conditions. For additional information, see the General Disbursement Policy below.

Web refunds take approximately 2-4 business days to show in your bank account.

Financial aid disbursements occur Monday thru Friday during each semester, starting on the first official disbursement day. Before any funds are paid to a student, the Office Scholarships and Financial Aid (OSFA) must check for enrolled units, academic progress, To Do checklist items, and other disbursement conditions. All financial aid awards are divided into two equal disbursements paid to the student, half in the fall term and half in the spring term, unless otherwise noted.

After OSFA checks that disbursement conditions are met, grants, scholarships, waivers and stipends automatically post to the student’s Bursar’s account within 1-2 business days.

Federal Direct Subsidized, Federal Direct Unsubsidized and Federal Direct Graduate PLUS Loans

1. Accept Federal Direct Subsidized, Federal Direct Unsubsidized and/or Federal Direct Graduate PLUS Loan on your UAccess Student Center.
2. E-Sign the Federal Direct Subsidized, Federal Direct Unsubsidized and/or Federal Direct Graduate PLUS Master Promissory Note (MPN). You will only need to sign the MPN once per each type of loan, unless you obtain an endorser for your Graduate PLUS loan.
3. Please note: You will need to complete loan entrance counseling with the U.S. Department of Education (ED) if you are a first time Federal Direct borrower at the University of Arizona (UA) or a first time borrower at the graduate level (undergraduate students moving to graduate). ED loan entrance counseling can be found on studentaid.gov.
4. You should receive your Federal Direct Subsidized, Federal Direct Unsubsidized and/or Federal Direct Graduate PLUS Loan in your Bursar’s account within 2-3 business days of completing all steps listed above. The gross amount of the loan is always paid in two equal halves – half at for the fall term and half for the spring term.
5. Your loan funds will first pay for any outstanding charges in your Bursar’s account. If there are any funds remaining, you will receive a refund. The refund takes 2-4 business days to be processed through Web Refund.
    

Federal Direct Parent PLUS Loans

1. Your parent must accept the Federal Direct Parent PLUS loan via UAccess Guest Center. Your parents will find instructions to apply via the Guest Center.
2. The same parent that accepts the Federal Direct Parent PLUS Loan must E-Sign the Federal Direct Parent PLUS Master Promissory Note (MPN). This parent will only need to sign the MPN once for the Parent PLUS Loan, unless your parent obtains an endorser. If a different parent accepts a Parent PLUS Loan, that parent must sign their own MPN.
3. The Federal Direct Parent PLUS Loan should disburse to your Bursar’s account within 1-2 weeks. The gross amount of the loan is always paid in two equal halves – half for the fall term and half for the spring term.
4. The funds will first pay for any outstanding charges in your Bursar’s account. If there are any funds remaining, you will receive a refund. The refund takes 2-4 business days to be processed through Web Refund.
    

Other Loans (Health Professions, Nursing, Loans for the Deaf and Blind, MANN, ASUA, ARMA, etc.)

1. These loans are automatically accepted in your UAccess Student Center.
2. E-Sign the Master Promissory Note (MPN) through ECSI. You must sign a new MPN for EACH year.
3. The gross amount of the loan is always paid in two equal halves – half for the fall term and half for the spring term.
4. The funds will first pay for any outstanding charges on your Bursar’s account. If there are any funds remaining, you will receive a refund. The refund takes 2-4 business days to be processed through Web Refund.
    

Private Education Loans

1. Refer to OSFA's Private Educational Loans webpage for information regarding the Private Education Loans Process.
2. The funds will first pay for any outstanding charges in your Bursar’s account. If there are any funds remaining, you will receive a refund. The refund takes 2-4 business days to be processed through Web Refund.