- Information for Incoming and Prospective Students
- Financial Aid Home Page
- How to Apply
- Esimated Budgets
- Grants & Scholarships
- AAMC: FIRST
- Student Loan Disbursement Schedule
- MD Student Forms
FAFSA Code: E00568
- General Information
- What is Financial Aid
- Financial Aid Guidelines
- Determining Financial Need
- Cost of Attendance
- The Application Process
- Sources of Financial Aid
- Your Credit Report
- Sample Repayment Schedule
- Award Payment & Review
- Over Awards
- Satisfactory Academic Progress
- Application Hints & Reminders
- Glossary of Financial Terms
Award Payment & Review
Payment of Student Awards
All students who apply for financial aid will receive notification of the awards for which they have qualified 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. (i.e. Freshman: first disbursement is in August, second disbursement is in January).
Federal Direct (Subsidized and Unsubsidized), Federal Graduate/Professional PLUS, and Private loan funds are disbursed by direct deposit or paper refund check. Every attempt is made to notify students that their funds will and have been disbursed, but it is ultimately the student's responsibility to know when they should be receiving checks and to verify this with the Financial Aid Office. Because the 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 more information and sign up instructions for e-deposit please review: http://health.usf.edu/medicine/studentaffairs/financial_aid/forms/eDepositServiceInstructions.pdf
Review of Students Awards
Federal and institutional policies prohibit 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 a Financial Aid Advisor. 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.