The Office of Student Financial Assistance begins disbursing funds to student's billing accounts beginning the middle of the second week of each semester (after the 100% refund period) for students with complete and processed financial aid. Financial aid (including student loans) is disbursed one semester at a time based on the hours students are attending at the time of each disbursement.
All financial aid funds are sent directly to USI. Once aid is disbursed, the Bursar's Office will begin sending refunds as early as the third week of the term for student's whose financial assistance exceeds the billed costs.
For students who late register or who do not complete their financial aid requirements in a timely manner, financial aid disbursements are made to the Bursar's Office on a daily basis throughout the semester.
Direct Loans require that first-time borrowers sign a master promissory note before funds are released to the students billing account. First-time borrowers must complete loan entrance counseling before loan funds are sent to the University on the students' behalf.