For detailed information regarding your financial aid awards by aid year, including scheduled disbursement information, log into your One.iu.edu account. Once logged into One.iu.edu, search "Student Center," click on the "Student Center (SIS)" tile. Then, under the "Finances" heading, click on "View Financial Aid" and select the appropriate aid year to view. At the top of your "Financial Aid: Award Summary" page will be a list of your financial aid awards and the amounts awarded by academic year. Under the "Terms" section, you will also have the option to "View Scheduled Disbursement Dates."
Your financial aid awards for the academic year are typically divided equally between the Fall and Spring Semesters. Financial aid awards credit to your bursar account at the beginning of the semester if you meet all eligibility requirements. Prior to disbursement, your eligibility is verified (e.g. Satisfactory Academic Progress and enrolled hours). For example, you must be enrolled at least half-time (6 hours for undergraduate students; 4 hours for graduate students) for disbursement of a federal Direct, PLUS, or Perkins loan. Undergraduate students receiving O'Bannon or 21st Century Scholars grants must be enrolled in at least 12 credit hours. Your federal financial aid will credit to your bursar account no earlier than ten (10) days prior to the start of your first class as long as you have met all eligibility requirements.
If a financial aid award is designated as an “anticipated” or “estimated” award, these funds do not credit (pay charges) to your bursar account. Anticipated or estimated awards are made when additional information is needed to determine eligibility and/or the award amount or the award is pending action by the student.
The Office of the Bursar will apply your financial aid awards to current assessed university charges (which include tuition, fees, and on-campus room and board) for the semester. If you make changes to your semester schedule with additional charges after financial aid has applied to the bursar account, you are responsible for payment of these charges.
You may allow the university to pay charges beyond tuition, fees, and on-campus room and board or minor prior year charges by signing a Title IV Authorization Form. The student may cancel or modify the authorization at any time through formal notification.
Student Account Refunds
Financial aid awards will credit by semester to your bursar account once you are enrolled in the required number of credit hours and meet all other eligibility requirements. Federal student aid will disburse no earlier than 10 days prior to your first class session. If the amount of your financial aid is greater than the amount of your Bursar bill you will be sent a refund for the difference. The default refund method is a paper check which is sent to the mailing address we have on file for you. Printing & mailing a paper check takes time. So paper check refunds take about 10-14 business days to get to you. Refunds sent via direct deposit, on the other hand, only take 3-5 business days to get to you since the funds are deposited directly into your bank account. Therefore we highly recommend that students set up Direct Deposit to ensure that they receive their refund as quickly as possible. To learn how to set-up Direct Deposit online please click here.
Reasons for possible delays in refunds...
• No signed Title IV Authorization form on file
• Eligibility problems:
• Not enrolled in enough hours
• Changed class standing
• Prior term debts
• Flagged by Student Loan Administration: Past due loan debts, required exit interview, etc.
For Federal Work-Study (FWS), students are paid by the employer on a bi-weekly or monthly basis for FWS wages earned during the prior payroll period.
Office of the Registrar – Information for students on how to complete the process to drop classes or officially withdraw, including the academic calendar listing the tuition refund periods by semester.
Return of Title IV Funds – Regulatory Summary concerning the treatment of Title IV funds when a student withdraws or drops out.