Financial Aid Disbursement
Eligibility
Before financial aid can be disbursed onto a student's Tuition & Fee Student Account, the student must:
- Enroll in the term for which the aid is awarded.
- Pass Eligibility requirements for each type of financial aid to be received.
Application of Financial Aid - to Pay Short Term Loans
If you receive a short term loan, with the understanding that financial aid will be used to repay the loan:
- The loan payment is taken from your excess financial aid
- regardless of the loan due date.
- In the event that you receive a refund and your
loan is not paid, it is your responsibility to come to
the Bursar's Office, 333 East Campus Mall #10501
and pay the loan with either
proceeds from the refund or with personal funds.
- Failure to do so will result in the placement of a hold on your Tuition and Fee Student Account that prevents access to your records, future enrollment, and refunds - until the balance due is paid in full.
Application of Financial Aid - to Student's Tuition & Fee Student Account
- Most types of financial aid are applied directly
onto student's Tuition and Fee Student Account to pay charges
according to Financial Aid regulations.
- If there are no tuition and fee charges to pay,
or the amount of financial aid is greater than the amount of charges,
the excess is refunded to the student.
- Refunds are mailed to student's active 'mailing' address.
- If there is no active mailing address, the system will use an active 'home' address.
- If neither address exists, a refund cannot
be processed until the student updates addresses on the http://my.wisc.edu
website
- When the Bursar's Office receives a financial
aid check made payable to the student (such as external scholarships,
departmental grants, and some FFELP loans), the student is contacted
- generally by email - to come to
the Bursar's Office, 333 East Campus Mall #10501 to endorse the check. Then it is applied to the student's
Tuition and Fee Student Account.
- Students not in the Madison area, or unable to
come to the Bursar's Office to sign a check, should contact the
Bursar's Office to make endorsement and tuition payment arrangements.
- Students in Abroad and Off-Campus programs should
keep their active 'mailing' address current with the
address where they want refund checks mailed.
| Semester | Disbursement Date |
|---|---|
| Fall Term: | 10 days prior to the first day of instruction for the term. |
| Spring Term: | 10 days prior to the first day of instruction for the term. |
| Summer Term: | 5 days prior to the first day of the first session |
| for which the student is enrolled. |
Relevant class and session dates are listed on the Registrar's Academic Year Calendar
Standard procedures for different types of financial aid:
- Federal Family Educational Loan Program (FFELP)
- Subsidized Stafford Loan
- Unsubsidized Stafford Loan
- PLUS
- State Grants
- WHEG
- TIP
- Indian
- Handicap
- Campus Based and Institutional Loans
- Federal Perkins
- Federal Health Professions - Medicine and Pharmacy
- Nursing
- UW-Madison Long Term
- Campus-Based Institutional Grants
- Institutional Scholarships
- External Scholarships
- Private Loans