Receiving Aid in '08-'09
Disbursement
Students generally receive financial aid by direct deposit or by mail from University Financial Services (UFS) in S-108 Criser Hall. UFS disburses aid only after verifying enrollment status and making sure students have no financial or academic holds on their records. All unpaid tuition/fees, housing charges, and other university debts (such as but not limited to lab fees, infirmary charges, and library fines) are deducted from students’ financial aid before disbursement. To decline automatic payment of UF accounts receivable charges (lab fees, infirmary charges, etc.) from your financial aid, contact UFS Disbursements at (352) 392-0737; please note—this MAY delay disbursement of your aid. Financial aid may not be used to pay prior-term tuition fees.
Direct Deposit of Aid to Your Bank Account by UFS
Most students receive their financial aid funds from UFS by direct deposit into their bank accounts—after classes begin and as soon as their aid is available. To sign up for direct deposit use UF’s ISIS system. Go to ISIS, choose “Financial Services,” then “EFT Signup.” Authorization takes five to ten business days. Also use “EFT Signup” to change your bank mid-year, if necessary. For more information on direct deposit contact UFS in S-108 Criser Hall.
From UFS by Mail
For students who have not signed up for direct deposit, UFS mails financial aid checks directly to students’ local addresses after classes begin and as soon as their aid is available. UFS mails Federal Direct PLUS Loan checks directly to parent borrowers after verifying the student’s enrollment.
Important Disbursement Information
- First-time Borrower Entrance Counseling
First-time Federal Direct Loan and Federal Perkins Loan borrowers must complete Entrance Counseling before their loan funds can be disbursed to them. Federal Direct Loan borrowers must complete entrance counselling by going to Direct Loan Entrance Counselling. For more information, call UFS at (352) 392-0737, or go to http://fa.ufl.edu/ufs/disbursements/loan-counseling.asp. - Direct Loan Acceptance
Stafford Loan borrowers must "accept" each term's award before their funds can be released. To do this, go to ISIS. Under "Financial Aid" for 2008-09, choose "Awards and Disbursements." Students may also reduce or cancel their Federal Direct Stafford Loans on ISIS. Complete this requirement as soon as possible to ensure that your funds are disbursed at the beginning of the term. - Federal Perkins Loan Disclosure/Acceptance
Perkins borrowers must complete disclosure statements and accept each term's award before their funds for that term can be released. Perkins Loan "disclosures" are completed on ISIS under "Financial Aid" under "Aid Status." Perkins Loan "acceptance" is done on ISIS under "Financial Aid" under"Awards and Disbursements." Complete this requirement as soon as possible to ensure that your funds are disbursed at the beginning of the appropriate term. For information contact University Financial Services in S-113 Criser. - Federal Direct Stafford Loan Master Promissory Notes
Previous Direct Stafford Loan borrowers should already have a Master Promissory Note (MPN) on file. New borrowers who do not have an MPN on file must go to the Federal Direct Loan Master Promissory Note Web site at dlenote.ed.gov to complete one. - Federal Direct PLUS Loan Master Promissory Notes
New Parent PLUS and Graduate PLUS borrowers who do not have a PLUS Master Promissory Note (MPN) on file must go to the Federal Direct Loan Master Promissory Note Web site at dlenote.ed.gov to complete one. - Promissory Notes for UF Long-Term Loan Borrowers
Borrowers through a UF Long-Term Loan will receive a promissory note by mail from UFS. Promissory notes must be signed and returned to S-108 Criser Hall before the loans can be disbursed. - Federal Work-Study
If Federal Work-Study (FWS) is part of your financial aid, you must come to S-107 Criser Hall, or call (352) 392-0296, to obtain a Work Permit.