Financial Aid Disbursement to Student Account

Financial Aid Disbursement to Student Account

All authorized EOU financial aid and scholarships, once received by the institution, are disbursed automatically to the student’s account according to Federal guidelines.  Please check the academic calendar for financial aid release dates at http://www.eou.edu/regis/calendar/.

Alternative loans or outside scholarships may not be disbursed onto a student’s account until requested by phone, e-mail or by visiting the the Student Accounts Office in person.

Loan checks and scholarships requiring signatures must be signed for at the Student Accounts Office.

Once financial aid pays a student’s current term charges, there may be a refund available to the student.

The Student Accounts Office will automatically process Financial Aid refunds daily for student’s that have enrolled in E-Disbursement.

E-Disbursements will be deposited into your bank account as follows:

US Bank Accounts:  1 business day after the refund transaction (ERFD-Student Electronic Refund) has posted to you Student Account.

All Other Bank Accounts:  2 business days after the refund transaction (ERFD-Student Electronic Refund) has posted to you Student Account.

 

Refund via paper check will be included in a weekly batch process and will be mailed to the student’s mailing or billing address on file at the Registrar’s Office.  Therefore students need to make certain their address is current in their Webster account or with the Registrar’s Office.  All Financial Aid refunds will be processed no later than 10 days after Financial Aid have disbursed to their account.

Refund checks will not longer be available for pick-up over the counter at the Student Accounts Office due to computer software changes.

For the fastest way to receive your financial aid refund, sign up for E-Disbursement.  Here’s how  – E-Disbursement Registration

 

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