Disbursement, Payment, and Refund Process

Disbursement - Financial aid and scholarship awards are used to pay for your tuition, fees, and on-campus housing balance. Federal aid cannot pay the following charges: Installment Plan, Late Payment, Default, Excess Hours Tuition, or Repeat Course.

Payment - You, the student, are responsible for paying any tuition, fees, and on-campus housing balance your financial aid and scholarship funds did not cover.

Refund - You will receive money back if you or your aid paid more than the amount needed for tuition, fees, and on-campus housing.

The specifics within each step depend on whether you are receiving financial aid and scholarships for the semester. Choose the population below that best describes you to see how and when each step will affect you.

I have financial aid.

Disbursement

Financial aid awards will disburse 10 days before the first class day for the semester. If your financial aid funds do not cover the full expense for your tuition, fees, and on-campus housing balance, you will have to make a payment. If there is money left after your tuition, fees, and on-campus housing balance is paid in full, you will receive a refund.

Payment

Any tuition, fees, and on-campus housing balance should be directed to Student Accounting.

Refund

If your financial aid funds exceed the cost of your tuition, fees, and on-campus housing balance, Student Accounting will issue a refund.

I don't have financial aid.

Disbursement

If you have not applied for financial aid for the semester, you will not receive a disbursement and are responsible for paying your tuition, fees, and on-campus housing balance. If you have applied for financial aid, but have not been awarded, you are responsible for paying tuition, fees, and on-campus housing balance. You must complete all requests for additional information to complete your financial aid file. Once all requests are satisfied, you will receive a financial aid award letter.

Payment

Any tuition, fees, and on-campus housing balance should be directed to Student Accounting.

Refund

If you do not have financial aid, you will not receive a refund.

I only have scholarships

Disbursement

Scholarship funds will begin to disburse to your account 10 days before the first class day for the semester as long as you are enrolled in the credit hours required to receive your award(s).

Payment

If your scholarship funds do not cover your tuition, fees, and on-campus housing balance, you are responsible for paying the difference to Student Accounting.

Refund

If your scholarship funds exceed the cost of your tuition, fees, and on-campus housing balance, Student Accounting will issue a refund.

*Tuition and Fees are just a part of a student’s expenses while attending a particular college. To review the estimated expenses for one year including tuition, housing and food, books, supplies, transportation, loan fees, and miscellaneous expenses here at UT Permian Basin visit our webpage.