Disbursement of Financial Aid
Financial aid can only be disbursed to students whose attendance has been confirmed during their first week of classes.
Attendance Confirmation
In compliance with federal regulations, financial aid can only be disbursed to students who have 'confirmed attendance' during their first week of the classes. Confirmed attendance is conducted by the students' instructors verifying classroom attendance. Students will be able to see if their instructor has confirmed their attendance using the My Classes app within MyUWF. Need to learn more about attendance confirmation for Financial aid disbursement?
Prior to Attendance Confirmation
Students' financial aid is authorized (or memoed) to students’ Transact accounts to reflect how much financial aid should apply towards the semester balance. If the authorized financial aid is in excess of the semester balance, payment for the respective semester would not be required. Please remember that certain awards are not monetary funds and will not authorize to your account; rather, a credit is applied to your account (e.g., tuition waivers). You will see the waiver amount applied in your Transact account activity details. Students with funds in excess of their semester balance may also be eligible for the Bookstore Deferment Program.
Students have access to their semester balance, authorized financial aid, and balance due (if any) via the Transact app in your MyUWF. Please note that if your enrollment changes prior to drop/add, your authorized aid may change and could result in a balance due. It is important to monitor your Transact account if you make changes that would result in your semester balance fluctuating.
Students that do not have enough financial aid to satisfy the semester balance or have not completed their financial aid requirements should make alternative payment arrangements with the Student Accounts & Cashier. If arrangements are not made by the fee payment deadline, Student Accounts & Cashier will assess the student’s account a $100 late payment fee.
Drop/Add
Financial aid eligibility is based upon the number of hours a student is enrolled in at the end of drop/add. The drop/add period is the first week of classes. During this period, students can make adjustments to their class schedule. The Office of Financial Aid and Scholarships will not make adjustments to an award due to a late drop or late add after the published drop/add deadline.
BankMobile Disbursements
UWF delivers your refund with BankMobile Disbursements, a technology solution powered by BMTX, Inc. (with the exception of credit card payments).
Follow these steps to select your refund preference:
- Log in to your MyUWF.
- Select Financial Resources (for students).
- Select BankMobile Disbursements.
- Select how you would like to receive excess money (if any).
Please visit Refund Choices for more information.
Refunds are processed within the Student Accounts & Cashier's Office. Please contact Student Accounts & Cashier’s during normal business hours, or contact BankMobile customer service for assistance.
Disbursement Dates
| Part of Term | Disbursement Date 1,2,3 |
|---|---|
| Part of Term 1 | May 24, 2023 |
| Part of Term 3 | July 6, 2023 |
| Semester | Part of Term | Disbursement Date 1,2,3 |
|---|---|---|
Fall 2023 |
Part of Term 1 | August 30, 2023 |
| Part of Term 3 | October 23, 2023 | |
|
Spring 2024 |
Part of Term 1 | January 17, 2024 |
| Part of Term 3 | March 11, 2024 | |
|
Summer 2024 |
Part of Term 1 | May 22, 2024 |
| Part of Term 3 | July 5, 2024 |
- Holidays not published in advance could impact disbursement dates.
- If you received funding or met all disbursement criteria after the published disbursement date, funds are generally disbursed within 2 to 4 business days.
- If you are fully or partially enrolled in Part of Term not listed above, financial aid may be fully or partially disbursed the following business day after drop/add for that term.