Disbursement is the process of financial aid funds paying electronically into your student account.
Your financial aid will be disbursed into your University student account at the start of each semester if you have registered for the required number of credits. Approximately two weeks before the start of the semester your enrollment is verified and your aid is prepared for disbursement. Your financial aid could be disbursed into your student account as early as the week before classes begin.
Enrollment will be verified again on the first day of classes and the end of the second week of class, for each term. Review the cancel/add period for registration. Final adjustments to your financial aid will be made at this time due to increased or reduced credits and your financial aid eligibility. Your student account will either be billed back any funds for which you no longer qualify or credited any excess funds due.
Consequences of changing enrollment
At the end of the cancel/add period (the last date to add full semester classes without college scholastic committee approval), your enrollment is verified for the second and last time for the semester. All adjustments to your semester’s aid will be made at that time. You may receive additional aid if you increased your credit load, or if you reduced your credits since early disbursement, you may be asked to repay aid that you are no longer qualified to receive because you don't meet the credit requirements.
Your student account
By signing the University of Minnesota eBusiness Financial Obligations and Responsibilities Agreement you are entering into and undertaking a legal obligation that requires you to pay for tuition, fees, and other eligible charges in connection with your enrollment and/or attendance at the University of Minnesota, Morris
Billing and refund
If your financial aid does not cover your balance due, you will receive an e-bill to your university email account. If you have financial aid funds that total more than what you owe on your student account, you will have a credit balance which will generate a refund to you.
You are highly encouraged to sign up for direct deposit to your bank checking or savings account so your student account credit balance can be transferred to you electronically. Direct deposit is an easy, secure method that transfers your credit balance automatically. sign up by completing the online authorization form.
Your billing statement
If your financial aid does not cover all of the charges, you will be sent a billing statement to your university email account. Do not ignore these notices. Your billing statement will list both a new balance and the minimum payment due and a due date. If the total balance due on any statement is paid in full by the due date, you avoid additional late payment fees.
Pay the University
Find the details on where, when, and how to pay your bill, as well as a comparison of payment options to help you make the best choice for you.