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Financial Aid Disbursement Process

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.
Fall 2021 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 28-August 15 August 31
2 August 16-August 29 September 14
3 August 30 –September 12 September 28
4 September 13 –September 26 October 12
5 September 27 – October 10 October 26
6 October 11 – October 24 November 9
6 October 11 – October 24 November 9
7 October 25 — November 7 November 23
8 November 8 - November 21 December 7
*PSC offers various courses that start at different times throughout the semester. If you are registered and were awarded financial aid, your aid will 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.

Examples:
• 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, your refund will be received no earlier than the date for Group 2.
• Registered in at least one 12 week course, your refund will 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.