All students who apply for financial aid will receive notification of the awards for which they have qualified. 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 Graduate/Professional PLUS, and Private loan funds are disbursed by direct deposit or paper refund check. Paper checks are created only once per week by the University Controller's Office. We strongly recommend you sign up for edeposit in your OASIS account to ensure the secure and rapid receipt of your financial aid. Please note: late fee waivers for paying the tuition charged by the Registrar will not be approved because of the delay in your receipt of a paper refund check. Note: enrolling in edeposit can take up to 10 business days to go into effect.
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 USF Health Financial Aid Office and their OASIS account. 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.). The student must make payments for charges incurred. The charges will not be automatically paid or deducted when financial aid disburses.
Review of Students Awards
Federal and institutional policies prohibit students from receiving aid in excess of their cost of attendance. 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 at USF Health Financial Aid. 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 for your cost of attendance.
In the event a student receives scholarships or low interest loans, subsequent to receiving his/her financial aid package for the year, resulting in an over award, they will be required to repay (or cancel disbursements not yet received) financial aid in the following order of funds: