Financial Assistance Disbursement
All financial assistance funds are awarded for the entire academic year, one half of which is credited to each fall and spring semester. With the exception of some VA Educational Benefits, assistance funds are applied directly to student charges at the beginning of each regular semester. Federal Work Study awards are paid out as they are earned. Entrance counseling is also required before federal loans can be disbursed. The Office of Student Financial Assistance will notify students on how to satisfy the entrance counseling requirement.
Institutional assistance is not available during summer terms or for study abroad. No financial assistance funds will be disbursed before the end of drop and add in any academic term and disbursements will be applied to a student’s direct educational expenses first. Additionally, delays in disbursement may occur, and students whose total assistance awarded will exceed their direct educational expenses should anticipate the possibility of delays and plan to pay rent, books, and other outside expenses from savings or other sources until a minimum of thirty days after the beginning of each academic term. Students may apply a limited amount of excess funds to their Dolphin1 card to assist with buying books and supplies at the JU bookstore.