Disbursement. Financial aid and scholarship awards are used to pay for your tuition, fees, and on-campus housing balance. Federal aid cannot pay the following charges: Installment Plan, Short Term Loan Origination, Memorial Loan, Late Payment, Default, Excess Hours Tuition, or Repeat Course.
Payment. You, the student, are responsible for paying any tuition, fees, and on-campus housing balance your financial aid and scholarship funds did not cover.
Refund. You will receive money back if you or your aid paid more than the amount needed for tuition, fees, on-campus housing, and institutional charges.
The specifics within each step depend on whether you are receiving financial aid and scholarships for the semester. Choose the population below that best describes you to see how and when each step will affect you.
There are several requirements you must meet for your aid to disburse. Make sure you do the following:
- Accept your awards on MyUNT.
- Enroll for the required amount of hours according to your specific financial aid and/or scholarships. You can find your award descriptions at MyUNT, in your scholarship award letter, or by checking this site.
- Pay all balances from previous academic years. Your aid will not disburse if you owe a balance equal to or greater than $200.
- Complete your To Do List on MyUNT. This will inform you of any missing documents or forms that we need from you, or any actions you must take before your financial aid can be disbursed.
- Meet UNT's Satisfactory Academic Progress (SAP) Requirements.
- Allow additional time for us to review some specific financial aid (Federal Pell Grants) or scholarships (for students belonging to certain student groups such as athletes, Post Baccalaureate students, transfer students, etc.).
- If you have accepted a Parent PLUS Loan, you must advise your parent to complete a Parent Loan application.
Qualifying financial aid awards will show as pending/anticipated until it disburses to Student Accounting. After your aid has disbursed, it will “disappear” as pending/anticipated aid until funds have been officially applied to any tuition, fees, and on-campus housing balance owed. This process can take several hours because we have millions of dollars to disburse.
In certain situations, your aid may have been canceled due to a change in your award eligibility.
One of the following could be the reason:
- Federal regulations prohibit Title IV/federal financial aid from paying the following charges: Installment Plan, Short Term Loan Origination, emergency assistance programs through Student Money Management Center (ie. Memorial Loan or Bailey Loan), Late Payment, Default, Excess Hours Tuition, or Repeat Course.
- Making changes to your class schedule after you received a refund (or had a refund in progress) could result in a new balance owed.
- A change to your award eligibility occurred after you received a refund (or had a refund in progress).
Spring financial aid may pay for both winter and spring charges. The winter 3W1 session is considered part of the spring term. Spring anticipated aid can be used to assist with securing winter session classes until financial aid is able to disburse.
If spring anticipated aid is not enough to cover all charges from the winter session and spring, the student will be responsible for making payment arrangements for the difference. Keep in mind, additional charges from taking winter session courses will reduce any anticipated spring refunds.
Spring semester financial aid funds begin disbursing to student accounts near the start of the spring semester. Spring semester scholarship funds begin disbursing to student accounts on the first day of the spring semester.
Yes. Spring anticipated aid can be used to assist with securing Winter Session classes until financial aid is able to disburse. Students with enough anticipated aid posted for Spring to cover their entire balance due for the Winter Session will not be required to make payment. If Spring anticipated aid is not enough to cover all charges from the Winter Session and Spring, the student will be responsible for making payment arrangements for the difference. Keep in mind, additional charges from taking Winter Session courses will reduce any anticipated Spring refunds.