Financial aid is released after drop/add each semester. Check your https://one.uf.edu/financialaid/aidyear/financial aid summary at https://one.uf.edu/ONE.UF to find out more about your awards and your aid disbursement details.
Financial aid may not be used to pay prior-term tuition fees.
UF encourages all students receiving financial aid sign up for direct deposit. Although students are not required to open a bank account and use direct deposit, failure to do so will result in delayed receipt of financial aid disbursements. As of spring 2016, Parent PLUS borrowers may sign up for direct deposit.
To sign up, go to the https://one.uf.edu/campusfinances/directdeposithttps://one.uf.edu/campusfinances/directdepositOneUF Direct Deposit webpage and sign in with your Gatorlink username and password. Follow the instructions on the screen.
Please direct any questions about direct deposit to the http://www.fa.ufl.edu/bursarUniversity Bursar (UB) at (352) 392-0737.
All unpaid tuition/fees and housing charges are deducted from students’ financial aid before disbursement. However, the university is required to obtain permission from students to allow federal aid to pay charges other than tuition, fees, housing, and books. These charges, such as meal plan, laser prints, health care services, parking decals, tickets, etc., are known as non-institutional fees.
Direct Deposit F.A.Q.
What is direct deposit?
What are the benefits?
- Delivered directly to your account within 24 hours (next business day service).
- Mailing address problems are eliminated.
- No more standing in line at your bank to deposit your check.
- Protection against theft or time delays caused by lost checks. Lost checks take about eight weeks to replace.
- No more worries if you are out of town or don’t have time to pick up your mail.
Can a direct deposit be made to any bank?
- The university can direct deposit to any financial institution within the USA with electronic funds transfer capabilities.
- A large majority of banks participate in the electronic funds transfer network.
- Contact your bank if you have questions about its ability to accept direct deposit.
How do you sign up?
- To sign up for direct deposit, go to the https://one.uf.edu/campusfinances/directdeposithttps://one.uf.edu/campusfinances/directdepositOneUF Direct Deposit webpage and sign in with your Gatorlink username and password. Follow the instructions on the screen.
- Parent PLUS borrowers should contact the University Bursar (UB) at 352-392-0737 for instructions on signing up for direct deposit.
When can you sign up?
- You can sign up any time throughout the semester.
- It takes only 24 hours for your authorization to take effect if you sign up online. It takes about three weeks if you use the Direct Deposit Authorization form.
- Signing up will not delay or affect your financial aid or fellowship disbursements.
Am I required to sign up for direct deposit?
- Although students are not required to open a bank account and use direct deposit, failure to do so will result in delayed receipt of financial aid disbursements.
Important Disbursement Information
- First-time Borrower Entrance Counseling
Before loans can be disbursed, first-time Federal Direct Loan and Federal Perkins Loan borrowers must complete Entrance Counseling. To complete entrance counseling, go to https://studentloans.gov/https://studentloans.gov. First-time Perkins Loan borrowers are mailed information by the University Bursar about completing online Entrance Counseling. For more information, contact UB at (352) 392-0737.
- PLUS Counseling
PLUS Counseling is required using https://studentloans.gov/ifhttps://studentloans.gov if you initially do not pass a credit check but are approved because you obtain an endorser or you appeal your denial and submit supporting documentation. Note that PLUS loan counseling is separate from the PLUS Loan Entrance Counseling that all graduate and professional student PLUS Loan first time borrowers must complete.
- Federal Direct Stafford Loan Acceptance
Stafford Loan borrowers must “accept” each term’s award on https://one.uf.eduhttps://one.uf.eduONE.UF before their funds can be released. Under “Financial Aid” for the appropriate academic year, choose “Awards & Disbursements.” Complete this requirement as soon as possible to ensure that your funds are disbursed at the beginning of the appropriate term. Students may also reduce or cancel Direct Stafford Loans on https://one.uf.eduhttps://one.uf.eduONE.UF. If you are sure you don’t want to receive a loan, please cancel it.
- 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 https://studentloans.govhttps://studentloans.govFederal Student Loan Website 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 https://studentloans.govhttps://studentloans.govFederal Student Loan Website to complete one.
- Federal Direct Loan Processing
Before your Federal Direct Loan can be disbursed, your loan data must be transmitted to the Federal Department of Education (DOE) for approval. This process takes about six working days after UF awards you a Direct Loan. Once your loan is approved, DOE will send you a disclosure notice. Your loan can be disbursed after the loan is approved and you have met all other requirements for disbursement.
- UF Long-Term Loan Promissory Notes
Borrowers of a UF Long-Term Loan will receive a promissory note by mail from the University Bursar. Promissory notes must be signed and returned to S-113 Criser Hall before the loans can be disbursed.
- Federal Work-Study
If Federal Work-Study (FWS) is part of your financial aid, you will be paid for hours worked on a biweekly schedule, in accordance with the UF payroll schedule.