Notification of Federal Aid Disbursement

Stay informed about when and how your federal aid is applied to your student account.

Disbursement Timeline

• Federal grants and loans typically disburse approximately one week before the start of the term.
• Funds are credited to your student billing account to cover eligible charges.
• Disbursements continue daily throughout the term for students who complete requirements later.
• Check your Ebill for exact disbursement amounts for each fund.

Credit Balance Refunds

If your financial aid exceeds your charges, you’ll have a credit balance on your account.

Refund Processing

• Refunds are processed twice weekly: Tuesday and Thursday nights.
• The fastest way to receive your refund is via direct deposit.

Set Up Direct Deposit

• Go to AU Access > My Finances > Banking Direct Deposit Information.
• Enter your bank details for student refunds.
• You’ll receive an email when your refund is transmitted.
• Allow 1–2 business days for processing and confirm with your bank before using funds.

Parent PLUS Loan Refunds

Credit Balance Options

• On the Federal PLUS Loan Application, parents choose where the credit balance goes:
• “Me” (Parent): A check is mailed to the parent borrower if the overpayment is due to the PLUS loan.
• Note: Even if a parent sets up direct deposit, AU must mail a check to comply with federal regulations.
• “The Student”: The refund is direct deposited into the student’s bank account on file.

RIGHT TO CANCEL FEDERAL AID

You have the right to cancel all or part of your federal aid after disbursement.

Student Cancellation Rights

• Applies to Federal Direct Loans and Federal TEACH Grants.
• Notify the Office of Financial Aid within 14 days of disbursement.
• Email your request to: finaid7@auburn.edu

Parent Cancellation Rights

• Applies to Federal Parent PLUS Loans.
• Notify the Office of Financial Aid within 14 days of disbursement.
• Email your request to: finaid7@auburn.edu