How long does it take for funds to post to my student account?By : Kim Murphy | January 6, 2017
Once the federal student aid (FSA) award process is complete, your FSA disbursements will be scheduled.
Generally, your FSA funds will be disbursed in two installments during your academic year and/or loan period. When awarded, these funds will be scheduled to disburse in two separate and substantially equal payments.
“Disbursed” means the University has credited FSA funds to your student account to pay allowable charges for the academic year. Allowable charges at University of Phoenix include tuition and electronic course materials fees.
Your first disbursement of FSA funds will be scheduled no sooner than 10 days after the start date of the academic year/loan period for which the funds are awarded. Your second disbursement will be scheduled to arrive once you have successfully completed at least half of your academic year and/or loan period. Changing your schedule, dropping courses or failing courses could affect the timing of and/or your eligibility for the second disbursement.
Before FSA funds are disbursed, the University will determine and document your continued eligibility for funds. The eligibility requirements include enrollment in classes and posting of attendance.
Typically, funds will disburse to your student account within three business days of the scheduled release date. Delays can happen, however, if eligibility issues arise. Your Finance Advisor will work to resolve any delays as quickly as possible.
If you change your course schedule, break attendance, fail to attend classes as scheduled or fail to meet satisfactory academic progress (SAP), disbursement dates may change, and funds could be canceled.
If you have questions, please contact your Finance Advisor. I can also be reached at email@example.com.