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Financial Aid/Scholarship Fall Disbursement Information
Disbursements
Your bill from the Cashier’s Office will not reflect any aid awarded to you because it is printed before federal regulation allows funds to be transferred to your student account to pay outstanding financial obligations. That transfer of funds will begin August 14 for students who are registered for the appropriate number and level of credits. Once the account is paid with the aid, any remaining balance will be mailed to you at the address on file with the Office of Admissions and Records beginning August 19. If the amount of aid is less than what you owe, you must pay the balance or make arrangements with the Cashier’s Office for deferred payment. Remember when you receive your check that Stafford loan fees were deducted.
Direct deposit is available. Contact the Cashier’s Office at (775) 784-6915 for more information, or visit our website at www.finaid.unr.edu to download the Direct Deposit Authorization form.
To ensure that your aid is disbursed at the start of the semester, all of the following requirements MUST BE MET:
- Register before August 12 for the appropriate number and level of credits for which your aid was approved. Aid will not transfer until you are registered for sufficient credits or have had your aid approved at a reduced enrollment.
- Make all changes to your class schedule before August 12.
- Meet the Satisfactory Academic Progress Standards for aid eligibility.
- Submit your complete loan activation form to Student Financial Aid and Scholarships before July 15.
- Sign and return your Stafford promissory note (if required by the lender) by August 1.
- Verify with the donor that the scholarship check was mailed by August 1.
If you filed the FAFSA after July 1 or if your loan was approved by the lender after August 1, funds may not be available when classes begin. Please plan ahead to pay your fees or arrange for deferred payment with the Cashier’s Office.
Institutional Refund Policy
Any refund of institutional costs (tuition, fees and university room and board) for all recipients of aid and general scholarship funds must be returned to those programs before the student receives any refund. If you drop credits and receive a 100 percent refund, your aid will be adjusted and you may have to repay funds. Additional aid or the reinstatement of aid for credits added after September 2 is subject to availability of funds. After September 2 any drop creates a credit deficiency.
Return of Financial Aid Funds
When the student ceases class attendance during a semester, the University is required to calculate the amount of financial aid funds that must be returned to the aid programs. This calculation uses calendar days in which the student was in attendance compared to the total calendar days of the semester. Generally, when a student receives aid in excess of institutional charges (tuition, fees, institutional room and board), s/he will most likely be subject to a return of some of those funds.
Funds must be distributed as follows:
- Unsubsidized Stafford Loan
- Subsidized Stafford Loan
- Federal Perkins Loan
- Federal PLUS Loan
- Federal Pell Grant
- Academic Competitiveness Grant
- National Smart Grants
- Federal Supplemental Opportunity Grant
- Other federal aid programs
- State aid programs
- Institutional and scholarship programs
- The student
Exit Interviews for Graduating and Non-returning Students
Students who have borrowed funds while attending the University should attend an exit interview to review their repayment options prior to leaving the University. Students with a Perkins, Garvey-Rhodes, Blundell, Nursing, Health Professions and/or an outstanding University Loan should contact the Loan Department on the third floor of the Fitzgerald Student Services Building, or call (775) 784-6095 to schedule their interview.
Stafford loan recipients should contact Student Financial Aid and Scholarships (SFS) on the third floor of the Fitzgerald Student Services Building or call (775) 784-4666 for information. A schedule is mailed inviting students intending to graduate to attend a workshop offered by one of the lenders. Exit interviews can also be done on the Internet.
Contact Information
For information on scholarships, loans, grants and federally funded work-study programs, please contact Student Financial Aid and Scholarships on the third floor of the Fitzgerald Student Services Building.
Email: finaid@unr.edu
Visit: www.finaid.unr.edu
Phone number: (775) 784-4666
Financial Aid, Option 1
Scholarships, Option 3
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