Short Term Advance for Books

Financial aid disbursements begin the second week of each term. Students should be aware of this, so they are prepared to use their personal savings for anticipated expenses at the beginning of the term, such as books and supplies.

Check the Bulletin Boards on MyUCF for specific dates and information throughout the year.

The Short Term Advance for Books is available to assist students with these expenses. The application is available for download a few weeks prior to each term, so that funds may be available as early as the first day of classes. Once financial aid disburses, the Short Term Advance debt is paid, along with other university expenses.

Students who apply late for financial aid should be prepared to cover their own living expenses, out-of-pocket, well into the semester.

You must be a currently enrolled UCF student attending classes.

• This advance is not for tuition and fees.
  
• You must complete the application fully and return it to Student Financial Assistance.
  
• All outstanding Short Term Advance debt must be paid in full.
  
• $600.00 is the maximum for financial aid recipients.
  
• $300.00 is the maximum for non-financial aid recipients.
  
• A $5.00 non-refundable processing fee will be assessed and added to the balance of your advance. If the advance is canceled, the $5.00 service charge still must be paid.
  Example: You request $600, you owe $605
  
• The specific repayment date of the advance is noted on the contract.
  
• A late payment fee of $25.00 will be assessed if the advance is not paid back within the specified time.
  
• All "To Do List" items must be complete.
  
• Verification (if selected) must be complete.

When financial aid disburses, the funds first apply toward university debts. Any remaining balance is then refunded to the student one of two ways. If the student has provided his/her bank information to set up direct deposit, which can be done on MyUCF under Student Accounts, then the refund is deposited into the student's account. Otherwise, a check is mailed to the student's current mailing address on MyUCF. Disbursement information (such as which financial aid programs disbursed, what debts were paid, how much was refunded, and when, etc.) can be found on MyUCF under View My Financial Aid.