Winter Break 2017 - Office Hours:

9:00 AM - 5:00 PM,  December 11th - 22nd
Office Closed: Dec. 23rd  -  Jan. 1st  |  Reopening on January 2nd

Disbursement of Financial Aid


Disbursement of financial aid is the process in which financial aid awards (scholarships, grants, loans, etc.) are posted to the student’s account. As this process takes place, students may see changes to their anticipated aid, awards, and charges.

  • Timing of disbursements is contingent upon students meeting all conditions for receiving aid and confirmation of an academic activity or attendance. See Confirming an Academic Activity for additional information.
  • Disbursement of financial aid funds will begin the week following Drop/Swap & Add and continue each week throughout the semester as students complete and meet all eligibility requirements.
  • At the end of the Drop/Swap and Add period, awards are adjusted based on the student’s final enrollment for the term. Students who are less than full-time may have their financial aid award(s) reduced and/or cancelled due to not enrolling in the minimum required hours for the aid program. See Program Eligibility Charts for more information.
  • The disbursement process is initiated by posting financial aid funds to the student’s account. Charges appearing on the student’s account will be deducted at that time. Once the process is finalized, students will be able to confirm their disbursement on the myUCF Portal “View My Account.” Students are also notified of the disbursement via email to their Knights email account.
  • If charges remain on the student’s account after disbursements, or if subsequent charges are made to the student’s account, it is the student’s responsibility to pay them. To track the awards that have not disbursed, students may view the information on the myUCF Portal “Student Self Service.”

A refund is the term used to describe any excess award amount remaining after tuition and fees and other charges are deducted from the disbursement.

  • After aid has been applied to the outstanding balance on the student’s account, any remaining funds will be processed as a refund with the exception of the PLUS Loan for Parents, which will be disbursed to the parent. The Parent PLUS refund check will be sent to the parent at the mailing address listed on the Parent PLUS loan application. Funds refunded may be used to pay other educationally related expenses.
  • Students who have not set up direct deposit through the myUCF Portal will have their refund check mailed to their address on record within 5 to 7 business days. Questions regarding refunds should be directed to Student Account Services at (407) 823-2433.

Please Note the following:

• Note that not all financial aid awards disburse at the same time in all cases.
• If charges remain on your account after disbursements, or if subsequent charges are made to your student account, it is your responsibility to pay for them. To track the awards that have not disbursed, you may view the information on myUCF Student Self Service.

Reminders to loan recipients:

  • For any Federal Direct Loan, students must be enrolled and attending at least half-time in UCF classes that count toward degree requirements. Loans must be accepted on the myUCF Portal, and if required, the Master Promissory Note and Entrance Counseling must be completed. If not, disbursement of loans will be delayed.
  • For Parent PLUS Loans borrowers, if your mailing address changed and you requested the Post Office to forward your mail to the new address, please allow at least 14 days to receive the refund check. If the check is not received by 14 days:
    1. Email your new address with the subject heading, “Parent PLUS Loan Mailing Address Change,” to the SFA Loan Department.
    2. Download and submit a completed Stop Payment Request Form to Student Account Services.

 Making Adjustments on Federal Direct Disbursed Loans

• If it has been more than 14 days from the date of the loan disbursement, or if you wish to return a partial amount of the loan. Contact your servicer for repayment options. To view your servicer’s contact information, please visit the National Student Loan Data System (NSLDS), www.nslds.ed.gov.
• If your loan has disbursed within 14 days, you may submit a Loan Adjustment Request Form to cancel the full disbursement. However, if any portion of the loan was used to pay tuition, book charges, Short Term Advances or Housing, then an accounts receivable will appear on your UCF account. It will be your responsibility to pay the resulting accounts receivable in a timely manner to avoid potential late fees.

Note the following:

  • All required items on the To Do List on the myUCF Portal must be completed prior to the disbursement of aid.
  • Some scholarships and grants require full-time enrollment for disbursement. Being waitlisted for a course does not count toward the student’s enrollment level.
  • Not all financial aid awards disburse at the same time in all cases.
    All awards, including accepted Federal Direct Stafford Loans, are subject to change if corrections to the student’s financial aid package are required.