USF Health

Award Payment and Review

Payment of Student Awards

All students who apply for financial aid will receive notification of the financial aid they have been determined eligible for. The student will need to accept or decline the financial aid offered. Federal regulations require that federal loans be disbursed in a minimum of two disbursements. The first disbursement will occur at the beginning of the academic year or loan period. The second disbursement will be scheduled for the middle of that same academic year or loan period.

Federal Direct (Unsubsidized), Federal Direct Graduate/Professional PLUS and ALP loan checks are disbursed directly to the student in two ways, direct deposit (e-deposit) or a mailed personal refund check.  It is the responsibility of the student to maintain accurate contact and/or banking information in their OASIS.  Every attempt is made to notify students when funds will be disbursed but it is ultimately the student's responsibility to know when they should be receiving financial aid and to verify this with the Financial Aid Office.  Being that loan funds are disbursed directly to the student, it is the student's responsibility for payment of his/her own bills (tuition, books, etc.).

Institutional loan and scholarship awards are disbursed in September and January and will be applied to the student's account and any fees owed to the University (i.e. library fee, health services, etc.) will be deducted. The balance, known as a refund check, will be either mailed directly to the student or directly deposited (e-deposit) into the student's personal bank account.  The Financial Aid Office encourages students to use the e-deposit process. 

For information and sign up instructions for e-deposit click here.

Review of Student Awards

Federal policy prohibits students from receiving aid in excess of their financial need. You are required to report any additional resources as soon as you have knowledge of the award. If you move, get married, get divorced, receive a scholarship, a grant, or experience anything that affects you and/or your family's financial situation, you are obligated to write, call or come in to see the Financial Aid Officer. Failure to do so may jeopardize continuation of assistance or necessitate repayment of all or part of your award. If you do receive additional assistance, your award from the Financial Aid Office will be revised if your total financial resources exceed total financial need.