Financial Aid Disbursement Process
Financial aid funds do not transmit to your accounts in real time (when you add or
drop courses, purchase books, and pay other institutional fees). Instead, the Business
Office will transmit aid every two weeks. As a result, your account may reflect a
balance owed until any pending funds are disbursed to the account. Similarly, the
registration billing statement also will appear to have an amount due.
Want your money sooner? Act NOW!
STEP 1.
Register for classes and have your financial aid award letter as soon as possible
to ensure you have money available to pay your college expenses. (You must submit
all the necessary documents and be sure to follow up on additional requests from the
Financial Aid Office in order to secure a timely award letter).
STEP 2.
Set up your refund preference at refundselection.com (This will ensure you receive your refund as quickly as possible). Note: If you have
already set up an account, please log in at refundselection.com and review your refund
preference. Financial Aid Disbursement Schedule
Note: If you have already set up an account, please log in at refundselection.com and review your refund preference.
| Fall 2023 Financial Aid Disbursement Schedule | ||
|---|---|---|
| Group | If you are registered and have an award letter between:* | Your refund will be received no later than:** |
| 1 | April 17 - August 13 | August 29 |
| 2 | August 14 - August 27 | September 12 |
| 3 | August 28 – September 10 | September 26 |
| 4 | September 11 – September 24 | October 10 |
| 5 | September 25 - October 8 | October 24 |
| 6 | October 9 - October 22 | November 7 |
| 7 | October 23 - November 5 | November 21 |
| 8 | November 6 – November 19 | December 5 |
| 9 | November 20 – December 3 | December 19 |
PSC offers various courses that start at different times throughout the semester. If you are registered and were awarded financial aid, your aid wil post to your account no more than 10 days before your classes are scheduled to begin.
* A refund will be received if there are remaining funds after all institutional charges (i.e. tuition, fees, books, etc.) have been paid. After refunds are issued, dropping classes, being reported as not attending and officially/unofficially withdrawing can result in you owing funds back to the college.
- Registered in at least one 16 week course, your refund will be received as early as the date for Group 1.
- Registered in at least one 14 week course, yourrefundwill bereceived no earlier than the date for Group 2.
- Registered in at least one 12 week course, your refund wil be received no earlier than the date for Group 3.
- Registered in all 2nd 8 week courses, your refund will be received no earlier than the date for Group 5.
QUESTIONS? For more information, visit prairiestate.edu/finaid or email financial-aid@prairiestate.edu.