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Once you’ve been sent your financial aid award letter, here’s what happens before you receive your money:
These steps, such as verification of enrollment with your professors, must be completed before you receive your remaining financial aid money.
In addition, if your award(s) include Pell, SEOG or federal loans, your eligibility must be confirmed with the Department of Education before your remaining funds can be released. This process usually takes just 24 to 48 hours and can only be done after your award(s) have been credited to your account.
While it may seem like financial aid is taking longer than it should, your funds will be released before the federally mandated deadlines pass.
What Can You Do to Get Your Money Earlier Next Semester?
The easiest way to ensure your funds are processed as quickly as possible is to stay on top of your paperwork.