Students can review all of their scheduled aid disbursement dates within the Financial Aid section in HuskyNet. University policy requires that all aid must first be used to pay general registration and maintenance fees, housing and food, or other institutional expenses. Therefore, after financial aid is credited to the student’s account, direct costs such as tuition, fees, housing, and food will be deducted first. If any excess credit is available, a refund will be issued by the Student Accounts Office.
When and How Aid is Disbursed
Financial aid (with the exception of Federal College Work Study, Pell Grants and Direct Student Loans) is disbursed 7 days after classes begin each academic enrollment period for all enrolled students. Students must maintain full time enrollment status for both on campus students and online students in order for their institutional and state aid to release to their student account.
On campus students must maintain full-time enrollment status (12 credit hours per term for undergraduate students and 9 credit hours per term for graduate students).
Online students must maintain at least half-time enrollment status (6 credit hours per term for undergraduate students and 5 credit hours per term for graduate students).
- Federal Work Study funds are paid directly in the form of a paycheck to students who are employed in a student work study position.
- Pell Grants are disbursed based upon the student’s attending hours throughout the term.
- Direct Student Loans are disbursed in two installments during the fall and spring terms for students enrolled at least half time at the beginning of the term. The first disbursement will release 7 days after the start of each term and the second disbursement will release in the middle of each term. If you are enrolled in the 2nd 8 weeks, you will receive a disbursement 4 days after the start of the 2nd 8 week term.
- Summer disbursement will be released in one installment after July 6th.
- Student Accounts Office will process a refund to students’ account for any excess Federal aid within 14 days of disbursement.
If a student fails to start classes and or drops below full time enrollment, aid will not release to the student’s account. Furthermore, Direct Student Loan borrowers enrolled at less than half time will no longer be eligible for these loans, and funds will be returned to the lender. This may cause these students to owe funds to the university. Always verify your account in your HuskyNet portal: HuskynetSSO.hbu.edu.
Using Financial Aid at the HCU Bookstore
When the appropriate authorization forms have been completed, financial aid students may purchase books and supplies at the HCU bookstore from the 1st day of class through the 12th day of class if a credit balance (refund) will exist on the account after paying for tuition, fees and room and board (if applicable). Bookstore charges will be reflected on the account for the cost of purchases.
Information included in this publication is subject to change. Contact the Office of Financial Aid with any questions you may have about this information.