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Summer 2014

 For students in the online 8 week online classes only, in the Academic Partnership program, or who accepts a loan for only one semester are required to disburse all loan in two disbursements over the duration of the semester.

 

All Students:                                                                              Summer II only students                                                                                                   

Book Vouchers/loans Open:          May 12th                              June 23rd

Book Vouchers/loans Close:         July 10th                                July 10th                                                        

Loan Disbursement Dates

For financial aid purposes the disbursements dates listed below are the dates when the UTPB Office of Financial Aid applies the amount of the loans to a student’s account. It does not represent the date that a student will receive a refund from the university.  Refunds are processed through the Office of Financial Services and will occur within 14 days of the date that Financial Aid applies any amount that will produce a credit for a student.  

Students who are taking accelerated courses in an eight week format over in both Summer I and Summer II and students who only accepted loans in one semester will receive their first disbursement during the first eight week session and their second disbursement during the second eight week session. 


Whole Summer classes only:

First Disbursement: June 6th
Second Disbursement: July 15th  

1st and 2nd 8 weeks classes only:

First Disbursement: May 23rd
Second Disbursement: July 15th  

Summer I only classes:
First Disbursement: May 23rd 
Second Disbursement: June 23rd
Summer I 1st 8 weeks classes only:  

First Disbursement: May 23rd
Second Disbursement: June 13th 

Summer II only classes:
First Disbursement: July 11th
Second Disbursement: July 28th
Summer II 2nd 8 weeks classes only:

First Disbursement: July 11th
Second Disbursement: July 28th 

First time loan borrowers have to wait 30 days from the start of the semester to receive their first disbursement. First time loan borrowers that accept their fall and spring loans will get their first disbursement 30 days into the fall semester and their second disbursement in the spring.

 **You have the right to cancel all or a portion of your loans. Students or parents wishing to cancel loans or disbursements must complete the Financial Aid Cancellation Form available at /campus-life/financial-aid/forms, within 14 days after receiving notification of disbursement.**
 
 

Processing Awards

The UTPB financial aid office will begin processing credits from awarded and accepted funds towards a student’s account 10 days before classes begin of each term.  Our systems is set to apply only enough credits to bring the balance owed down to a zero, after Census Date (the 12th class day for whole semester and the 7th class day for 8 week classes) student can no longer add/drop classes allowing us to begin liquidating the funds.  After this date the system will begin applying the remaining credits on the account, if the remaining credits exceed the amount owed to the school the student will receive a refund check. Please keep an eye on your review financial aid screen and the review pay bill screen to monitor the application of financial aid.  Sometimes adding/dropping classes interferes with our systems ability to fully disperse the funds.  If there are remaining portions of aid that you have questions about then please contact our office at (432) 552-2620.

 

Refunds

Credit in the review pay bill will be located in the bottom left area and will show the remaining balance owed to the university or the anticipated refund: 

Remaining charge on account Bal: 123.45                          Student owes this balance

Credits for anticipated refund: Bal: 1281.39CR       Student will receive this amount as a refund

The Office of Financial Services processes student refunds.  After financial aid verifies the refunds the financial services will clear out the credits and bring the account down to a $0 balance.  In the review pay account bill students are now able to see a refund amount with a date, refunds should be received within 7-10 business day by mail if no direct deposit was set up.  If direct deposit was established it is 3-5 business days from this date.  For questions about direct deposit on inquiries on checks please call financial services after the time frames listed above have passed at (432) 552-2706. 

Payment Options

Payments options can be accessed through Campus Connect in the review/pay account screen.  Located at the bottom of this page are two tabs.

Pay by Credit Card

This function will allow you to pay the entire balance showing on the account by Credit/Debit card

Pay by FACTS

To help you meet your educational expenses, The University of Texas of the Permian Basin is proud to offer

FACTS as a convenient budget plan. This is not a loan program. You have no debt, there are no interest or finance charges assessed, and there is no credit check. The cost to budget your interest-free monthly payment plan is a $50.00 per semester nonrefundable FACTS Enrollment Fee. You may budget your tuition and fees in the following ways:

 Automatic Bank Payment (ACH)

ACH payments are those payments you have authorized FACTS to process directly with your financial institution. It is simply a bank-to-bank transfer of funds that you have preapproved for your expenses at the University of Texas of the Permian Basin. Payments may be made from either your checking or savings account. Payments are processed on the 5th of each month and will continue until the balance is paid in full. For more information contact the office of Financial Services at (432)552-2706 or accounting@utpb.edu

Credit Card Option

Paying with your credit card gives you the option of taking advantage of various bonus programs offered by your credit card company. Your monthly payment will be automatically charged to the credit card you designate. Payments are processed on the 5th of each month and will continue until the balance is paid in full. For more information contact the office of Financial Services at
(432)552-2706 or accounting@utpb.edu