You should set-up web refund to receive your financial aid refund. You can set-up web refund through your UAccess Student Center. You must have your web refund set up by Tuesday, January 3rd, 2012 in order to receive the earliest Spring 2012 refund electronically.

2011-2012 Disbursement Schedule

Spring 2012 Disbursements will begin to post in your Bursar account the week of January 6th. Your disbursement date will depend on you meeting enrollment and other disbursement conditions.

Web refunds take approximately 2-4 business days to show in your bank account.

General Disbursement Policy:

Student aid payments run Monday thru Friday during each semester starting on the first official disbursement day. Before any funds are paid to a student, the Office Scholarships and Financial Aid (OSFA) must check for enrolled units, academic progress, To Do checklist items, etc.  Typically, financial aid awards are divided into two equal halves paid to the student, once in the fall term and once in the spring term.

Grants, Scholarships, Waivers, Stipends:

Loans:

1. Accept Perkins Loan on your UAccess Student Center. 
2. E-Sign the Federal Perkins Master Promissory Note (MPN).  You must sign a new Perkins MPN for EACH year.
3. You should receive your Perkins Loan in your Bursar’s account within 2-3 business days. The gross amount of the loan is always paid in two equal halves – half at the beginning of the fall term and half at the beginning of the spring term.
4. The funds will first pay for any outstanding charges on your Bursar’s account. If there are any funds remaining, you will receive a refund. The refund takes a minimum of three business days to be processed through web refund. 

1. Accept Federal Direct Subsidized, Federal Direct Unsubsidized and/or Federal Direct Graduate PLUS Loan on your UAccess Student Center. 
2. E-Sign the Federal Direct Subsidized, Federal Direct Unsubsidized and/or Federal Direct Graduate PLUS Master Promissory Note (MPN).  You will only need to sign the MPN once per each type of loan.
3. You should receive your Federal Direct Subsidized, Federal Direct Unsubsidized and/or Federal Direct Graduate PLUS Loan in your Bursar’s account within 2-3 business days. The gross amount of the loan is always paid in two equal halves – half at the beginning of the fall term and half at the beginning of the spring term.
4. Please note: You will need to complete loan entrance counseling with the U.S. Department of Education (ED) if you are a first time Federal Direct borrower at the University of Arizona (UA) or a first time borrower at the graduate level (undergraduate students moving to graduate). ED loan entrance counseling can be found at https://studentloans.gov/myDirectLoan/index.action.
5. Your loan funds will first pay for any outstanding charges in your Bursar’s account. If there are any funds remaining, you will receive a refund. The refund takes a minimum of three business days to be processed through web refund. 

1. Your parent must accept the Federal Direct Parent PLUS loan from the OSFA webpage http://www.financialaid.arizona.edu/.
2. The same parent that accepts the Federal Direct Parent PLUS Loan must E-Sign the Federal Direct Parent PLUS Master Promissory Note (MPN). This parent will only need to sign the MPN once for the Parent PLUS Loan. If a different parent accepts a Parent PLUS Loan, that parent must sign their own MPN.
3. The Federal Direct Parent PLUS Loan should disburse to your Bursar’s account within 1-2 weeks. The gross amount of the loan is always paid in two equal halves – half at the beginning of the fall term and half at the beginning of the spring term.
4. The funds will first pay for any outstanding charges in your Bursar’s account. If there are any funds remaining, you will receive a refund. The refund takes a minimum of three business days to be processed through web refund. 

1. A Private Education Loan application must be completed via the lender’s web site.
2. The lender sends OSFA an electronic request for school certification once the borrower has completed all requirements with the lender.
3. There is a mandatory federal distribution hold on funds for an average of 6 business days depending on the lender. You should receive your Private Education Loan funds in your Bursar’s account within 2-3 weeks. The gross amount of the loan is always paid in two equal halves – half at the beginning of the fall term and half at the beginning of the spring term unless otherwise designated through the private lender.
4. The funds will first pay for any outstanding charges in your Bursar’s account. If there are any funds remaining, you will receive a refund. The refund takes a minimum of three business days to be processed through web refund. 

1. These loans are automatically accepted in your UAccess Student Center.
2. E-Sign the Master Promissory Note (MPN) through ECSI.  You must sign a new MPN for EACH year.
3. The gross amount of the loan is always paid in two equal halves – half at the beginning of the fall term and half at the beginning of the spring term.
4. The funds will first pay for any outstanding charges on your Bursar’s account. If there are any funds remaining, you will receive a refund. The refund takes a minimum of three business days to be processed through web refund.