Aid Process Overview

The Aid Process

We want to make sure you are as familiar with the process as possible so you know what order things will happen. Please make sure you pay attention to when bills are due and when financial aid will be disbursed.

  • Complete the FAFSA
  • Complete the financial aid process
  • Receive financial aid award package
  • Accept financial aid award package
  • Sign Master Promissory Note (MPN) for loans
  • Complete Entrance Counseling for loans
  • Attend the first day of class/orientation
  • Aid is processed by university
  • Loan funds (minus the loan origination fee) disburse to university
  • Aid pays bill at university
  • Aid overage, if applicable, is processed for a refund
  • Refund is sent to your bank (sign up for direct deposit)
  • Receive a refund, if applicable

Loan Disbursement / Refunds

All aid and loans will disburse on the first day of class. After your aid pays your bill at the university, any overage on your account will be processed for a refund. In order to receive your refund quickly and efficiently, please sign up for direct deposit (see instructions below). Within 7 to 10 days from the disbursement, your refund, if applicable, will be in your bank account. If you choose not to sign up for direct deposit, you will be mailed a paper check to the permanent address on file.

Sign up for Direct Deposit 

Disbursement Dates

Please see the Student Financial Services website for more information.

Class and Semester Disbursement Date Refund By
PA / MSA Summer 2021 July 1 July 8
PA CO 2021, 2022 / MSA Fall 2021 Aug. 2 Aug. 9
PA CO 2023 Fall 2021 Aug. 23 Aug. 31
M1 Fall 2021 July 12 July 19
M2 Fall 2021 Aug 9 Aug 15
M3-M4 Fall 2021 July 1 July 9
PA / MSA / MD Spring 2022 Jan. 3 Jan. 11

Billing Dates

Please see the Student Financial Services website for more information.

Class and Semester Billing Date Due By
PA / MSA Summer 2021 June 9 July 12
PA / MSA / MD Fall 2021 June 16 Sept. 3
PA / MSA / MD Spring 2022 Dec. 10 Jan. 21