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, 21 N. Park Street, Suite 7101
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, 21 N. Park Street, Suite 7101 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