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Finance & Administration

Financial Aid Disbursement
Crediting Financial Aid to My Student Account Balance
Financial Aid Disbursement Policies and Procedures
Authorization to Use Financial Aid to Pay Account Charges
Using Financial Aid to Pay Deferred Charges

Crediting Financial Aid to My Student Account Balance

All approved loans, grants and scholarships will be applied to tuition and fees, resident hall rent and food service plans on your student account. In order to apply aid to student account balance, the student must be registered for the required hours to qualify for the aid (i.e., if the aid awarded requires full time enrollment (as determined by The Office of Student Financial Aid), the student must be registered full time in order to apply the financial aid to tuition and fees, resident hall rent and food service plans). Please note: alternative loans and some scholarships checks which are mailed directly to the University from private sources are not available to apply to charges. Before LOANS are available to apply to tuition and fees, resident hall rent and food service plans the following items must be completed by the student:

    An award letter must be returned to The Office of Student Financial Aid. The student must indicate on the award letter the dollar amount of the loan they wish to accept.

    Promissory notes need to be completed online at  https://studentloans.gov.   Complete the MPN that pertains to the loan you requested. The University of Georgia receives acknowledgment of the signed MPN within 3 to 5 business days.

It is University policy to deduct unpaid tuition and fees, resident hall rent and food services charges from available financial aid awards regardless of the due date on the student account.

It is the studentís responsibility to confirm that their student account balance has been paid in full.† Please access your student account at MY STUDENT ACCOUNT.

Changes in the Hope Scholarship regulations will have an impact on the amount credited to your student account and/or your financial aid disbursement.


Financial Aid Disbursement Policies and Procedures

Excess financial aid (loans, grants, including Pell Grant, and scholarships) will be disbursed ten days prior to the start of each term.  For summer term the disbursement will be made no earlier than 10 days prior to the start of the earliest registered session within the summer term. In general, disbursements are made if the student is registered for the REQUIRED number of hours, is not on academic probation, and does not have outstanding financial obligations with the University.

Any refund due to the student will be direct deposited into the student's bank account if the student has enrolled for this service.  Students may select to receive student account refund(s) and financial aid disbursement(s) if applicable via direct deposit. In order to begin this service, please access your student account, select "my profiles", "payment profile" and add your bank account information accordingly.  You will need to check the "refund option" in order to activate the direct deposit feature.  Only one bank account may be designated as the direct deposit account. 

If you have not enrolled in direct deposit the funds will be mailed to the "Financial Mail" address specified by the student in the OASIS registration system. Consult How do I change my "Financial Mail" address in OASIS? For directions on how to check or change your check mailing address.

Loan checks and some scholarships coming from outside the University will be disbursed to students as soon as they are received and processed by the University, but no earlier than 10 days prior to the start of the term.  For summer term the disbursement will be made no earlier than 10 days prior to the start of the earliest registered session within the summer term. Please check with your lender or awarding organization to determine when the funds will be mailed/wired to the University.

Authorization to Use Financial Aid to Pay Student Account Charges

Financial aid funds are available to pay tuition and mandatory fees, residence hall rent and food service plans.With your permission, the University can apply your financial aid award to your student account to pay other charges.Currently these other charges include: housing damage charges, housing bike lock rental, housing lock change charges, early check-in charges, student SEVIS fee, parking fines, parking permits, late fees, reinstatement fees and returned check charges.

If you wish to allow the University to use your financial aid to pay these charges mentioned above, please access Student Accounts at MY STUDENT ACCOUNT.

Using Financial Aid to Pay Deferred Charges

Students who have been authorized for a deferment of tuition and fees, residence hall rent, food service plans and/or book charges due to in-process financial aid,will show a charge on the student account system called deferred charges.†† As the financial aid is awarded and completed processing it will be used to pay the deferred charges on the student account.Any balance remaining after the deferred charges have been satisfied will be disbursed as indicated in the Check Disbursement Policies and Procedures.


 
 

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Athens, GA 30602-4227

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