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Disbursement Schedule

Disbursement and Refund Dates

Spring 2024

16 Week and 1st 8 Week Courses

Disbursement Dates

January 25: Federal Pell Grant, SEOG, CAP Grant, Federal Direct Loans and Scholarships 

By February 1– KEES

February 19: First-time Federal Direct Loan Borrowers

Refunds

Begin processing on or around January 31st, 2024

2nd 8 Week Only Courses

Disbursement Dates

March 27: Federal Pell Grant, SEOG, CAP Grant, Federal Direct Loans and Scholarships 

April 17: First-time Federal Direct Loan Borrowers

Refunds

Begin processing on or around March 29th, 2024

Summer 2024

12 Week, 1st 8 Week, and 1st 6 Week Courses

Disbursement Dates

May 28: Federal Pell Grant, Federal Direct Loans, and Scholarships 

June 19: First-time Federal Direct Loan Borrowers

Refunds

Begin processing on or around May 30th, 2024

2nd 8 Week Only Courses

Disbursement Dates

June 25: Federal Pell Grant, Federal Direct Loans and Scholarships

July 17: First-time Federal Direct Loan Borrowers

Refunds

Begin processing  on or around June 27th, 2024

2nd 6 Week Only Courses

Disbursement Dates

July 9: Federal Pell Grant, Federal Direct Loans and Scholarships 

July 31: First-time Federal Direct Loan Borrowers

Refunds 

Begin processing on or around July 11th, 2024

Fall 2024

16 Week and 1st 8 Week Courses

Disbursement Dates

August 28: Federal Pell Grant, SEOG, CAP Grant, Federal Direct Loans and Scholarships 

By September 1– KEES

September 19: First-time Federal Direct Loan Borrowers

Refunds

Begin processing on or around September 4th, 2024

2nd 8 Week Only Courses

Disbursement Dates

October 25: Federal Pell Grant, Federal Direct Loans and Scholarships 

November 15: First-time Federal Direct Loan Borrowers

Refunds

Begin processing on or around October 30th, 2024

What is Disbursement?

A disbursement is the payment of federal student aid funds to the student’s account by the school. The aid goes to pay your direct costs owed to your school –like tuition and fees. Please note that students enrolled in multiple parts of terms will follow the disbursement schedule of the full-term courses and 2nd term disbursements are reserved for students enrolled in that part of term ONLY. Students can review full-term and part-of-term dates on our Colonel’s Compass, found here. Disbursement can be delayed due to several factors.

If there are any excess financial aid funds that exceed your EKU charges, then the remaining amount will be processed as a refund and sent to the student’s selected refund method. Students can view instructions for setting up their preferred refund method here.

Students are highly encouraged to regularly check their EKU email and view their billing account to remain up to date on their current charges, disbursements, as well as refunds if eligible. Students can learn how to view their bill here.

What Can Delay Disbursement?

Any environmental event that disrupts University operations will result in a delay in disbursement, and therefore refund processing will be delayed as well.

In terms of federal aid disbursement, there are a variety of reasons disbursement can be delayed.

 

  • The student must be eligible to receive federal aid. Ineligible students may be packaged
  • If a student elects to borrow a federal direct loan, the disbursement of their loan could be delayed if the student does not complete the required steps to be eligible for disbursement.
  • First-time federal loan borrowers are required to complete loan entrance counseling as well as sign a Master Promissory Note before disbursement can happen. Steps to complete this can be found here.
  • First-time federal student loan borrowers (i.e., a first-time freshman with no federal student loan debt) are also delayed 30 days from the start of the student’s program.
  • This requirement will also apply to first-time borrowers of Direct Graduate PLUS Loans, and Direct Parent PLUS loan borrowers.

What You Need to Know About Refunds

Refunds will begin processing on or about the dates listed to the left. Changes in university operations may cause a delay in processing a refund. Moreover, please note that refunds are entirely subject to the date of financial aid disbursement. If a student’s financial aid is not received or fully meets all requirements, the refund date will be delayed accordingly.

By default, a student’s financial aid refund will be issued as a paper check through the US Postal Service and sent to the primary mailing address on file. Students are encouraged to enroll in direct deposit to receive their refunds in a designated bank account more quickly. However, please remember that even electronic fund transfers take time and may vary between financial institutions. It can take 3-5 business days after the processing notice is received by the student’s official EKU email address for the funds to become available.

Note that any changes to a student’s account, including but not limited to: schedules, meal plans, housing, and/or campus residency after a refund is processed could result in debt owed to the University.