Accepted financial aid for the term protects your enrollment on the payment deadline, IF you have no unsatisfied requirements.
Financial aid will disburse an eligible student who:
- is enrolled in the necessary number of eligible credit hours (eligible means required on your degree audit)
- has accepted their financial aid offer online
- has all financial aid requirements satisfied
- is in good academic standing for financial aid
- is in a program that has a financial aid eligible major
Financial aid that is not needed to pay your semester bill will be disbursed to you via mailed check approximately 5 weeks after the start of the semester. As offers are created thereafter, funds will disburse each week on Friday.
Federal student loans must be disbursed in two installments to remain in compliance with federal regulations. If a student is attending both fall and spring semesters, one disbursement will be in the fall and one in the spring. A student attending only one semester will receive the first disbursement after the fifth week and the second disbursement will occur approximately 30 days after the first disbursement.
Some exceptions, listed below, could affect the timing of your refund:
- Incorrect address - If you need to change your address, please log in to your myAllen and complete the information update, under "enrollment" tab. Having an incorrect address on file may delay the time that it will take to receive your aid.
- Certain Federal Regulations can also affect disbursement.
- Changes in enrollment - If you withdraw from any of your classes after the beginning of the term, you may be required to repay a portion of the funds you received.
- Non-attendance - If you don’t attend the classes for which you receive financial aid, you may have to repay the funds you received. You won’t be able to get an academic transcript or re-enroll at Allen until you’ve finished repaying that money.