Disbursement and Refund Dates
Summer 2024
12 Week, 1st 8 Week, & 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 & 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 Colonel’s Compass. 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 get instructions for setting up their preferred refund method.
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 get their bill.
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. Get the steps needed to complete this.
- 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.