Financial Aid Disbursement: Everything You Need To Know

Рет қаралды 6,265

10 ай бұрын

In this video, I’ll share with you everything you need to know about how your financial aid disbursement works.
Where’s the money? That’s one of the questions many families will ask when their student is starting school. Even if you have that financial aid award letter in hand, it can still be unsettling to see a large tuition balance reflected in your account. But don’t worry, oftentimes that means that the funds just haven’t been disbursed to your account. Today, I’ll help you navigate the financial aid process.
At The Scholarship System, we redefine paying for college to help families build strong financial futures. The Scholarship System teaches a step-by-step process to secure college funding, primarily focusing on scholarships, through our online courses and resources.
Families have secured over $10.5 million in scholarships to date, helping their students pursue their dreams of a debt-free college education.
Ready to pay for college with scholarships? Start Here: 👀 • How to Reduce Your Tui...
When you’re ready to go deeper, check these out:
💸 Free Webinar: 6 Steps to Securing Scholarships:
thescholarshipsystem.com/free...
🎓 The Scholarship System:A 6-Step System to Securing Scholarships (online course): thescholarshipsystem.com/onli...
💰 Debt-Free Degree Lab: Members-Only Community on paying for college with additional college tuition resources for parents: thescholarshipsystem.com/join...
🎓SUBSCRIBE: / @thescholarshipsystem
Let’s Connect!
FB: / thescholarshipsystem
Pinterest: / scholarshipsys
Twitter: / scholarshipsys
Instagram: / the.scholarshipsystem
TikTok: / thescholarshipsystem
P.S. International Students - This information is meant for US citizens and/or residents in the United States. While many of the tips will be helpful for you (i.e. how to write a well-written essay), we are not specialized in international student scholarships.

Пікірлер: 34

@miannahmacc 5 ай бұрын

I just did my fasfa I filled out 2 scholarships, I qualify for Fed, Pell I only used $505.00 last year and I'm waiting to receive my financial aid package. Only been 6 days but Im excited.

@Organicallyfine 4 ай бұрын

Hi, do you get less money back if you are enrolled in a certificate program va an associate or bachelors program?

@TheScholarshipSystem 4 ай бұрын

It depends. Your overage check will depend on the grants/scholarships received less tuition costs. However, if you live on-campus, those costs will be deducted first before an overage check is issued.

@Coco2024-fd8dr Ай бұрын

I have a question. Is there a way to increase my financial aid amount? I will be completely honest. I’m trying to increase my disbursement refund.

@TheScholarshipSystem Ай бұрын

Not offhand - but you can get a larger refund *possibly* by purchasing your textbooks online or in a different format (i.e. an eBook). Most schools will let you use your financial aid to purchase books at the bookstore.

@user-bm5fb4wq8i 4 ай бұрын

What happens when the refund needs to be cut down due to the student owing the school? How long does it take for the student to typically receive that refund.

@TheScholarshipSystem 4 ай бұрын

Most financial aid offices issue refunds shortly before the start of an academic period (quarter/semester). You'll have to contact the school to get a better idea of the dates.

@kierajubilee-ge9pt 2 ай бұрын

I have two weeks before the end of the semester. I have been awarded financial aid however my aid has still not been applied to my account.

@TheScholarshipSystem 2 ай бұрын

We recommend you check with your school's financial aid office to find out the status of your account.

@letgobmo 4 ай бұрын

When does the 2024 refund go out for over payment?

@TheScholarshipSystem 4 ай бұрын

Usually overpayment refunds are distributed by schools a few days before/after the academic term starts. Every school is different. Some are by semester and some are by quarter.

@mariamelmissaoui5869 3 ай бұрын

Please, I need your help. I applied for Fafsa for the spring semester and summer, and i get it then I dropped this semester so when I login to my account they said I'm unable to sign in so I want to know if I will have problems or what ? And I still have fafsa for semester summer or not thank you so mush because I really confused about this

@TheScholarshipSystem 3 ай бұрын

FAFSA has been going through a lot of maintenance and updates these last few months so there will be times when you won't be able to log in. You will have to contact your school's financial aid office to address your specific situation.

@mariamelmissaoui5869 3 ай бұрын

@@TheScholarshipSystem thank you so much for your help I really appreciate that 🙏

@jessielynnbenton 25 күн бұрын

My award was the max amount but the school only allowed me to accept 2270 of the Pell and then the rest had to be in loans. It shows the school disbursed to me a small portion of the amount I was allowed is there anything I can do about it

@TheScholarshipSystem 24 күн бұрын

You might want to contact your school's financial aid office to find out why there is a difference from FAFSA award amounts vs what the school offered you. You may want to appeal the offer and explain your situation.

@edwinsaucedo8509 4 ай бұрын

Hi, my refund says im getting a certain amount but then there’s and amount that say ineligible/remaining amount, what does that mean I am a full time student and im confused

@TheScholarshipSystem 4 ай бұрын

You may need to contact your school's financial aid office for clarification. It could be that they put a hold on an amount?

@edwinsaucedo8509 4 ай бұрын

@@TheScholarshipSystem thank you!

@Lifeisgood586 2 ай бұрын

Did you ever find this out? Mine says the same thing

@KayaNicole Ай бұрын

What do you do when the school doesn’t want to release funds until 4 weeks into the school semester?

@TheScholarshipSystem Ай бұрын

Every school sets their own policies. They probably want to ensure that there won't be additional charges to the student's account and/or students fulfill the minimum credit requirements.

@KayaNicole Ай бұрын

@@TheScholarshipSystem thanks for your response! Do you know if there’s any way to request an exception? The funds are allocated as housing funds and they send them so late in the semester that I’m not able to use it as such.

@morekimztv5168 Ай бұрын

Why does the school use the extra fafsa funds for the next summer courses and fall and not to me!!😢

@skimpy_x_x7356 29 күн бұрын

Hi this will be my first year in college and I got this email from bank mobile disbursement and I wanted to know if this is a scam or not.

@TheScholarshipSystem 28 күн бұрын

You could check with your school to see if they issued a disbursement and match up the amounts.

@allthingsdualenrollment_RN 9 ай бұрын

Do you have to pay taxes on overage checks?

@TheScholarshipSystem 9 ай бұрын

Scholarships/Grants are tax-exempt when it covers tuition and books. If it covers room and board or other expenses, then, yes...it is taxable.

@queenbeauty371 5 ай бұрын

How do you know if you will receive a refund .. when accepting the loans I accepted the max amount

@TheScholarshipSystem 5 ай бұрын

Schools break up costs by academic period (semester/quarter). Every period, schools apply any receipts (grants, loans, scholarships) to direct expenses (tuition, fees, on-campus room/board, etc.) and will refund the difference so that you can pay indirect expenses (travel, books, etc.)

@user-yf1fe7iv5j 20 күн бұрын

How do I get scholarships everything seems like a scam wanting money

@TheScholarshipSystem 20 күн бұрын

This video might be helpful: kzfaq.info/get/bejne/eMxhpsKp18uYmGg.htmlsi=IfghRR385h-gNd2I

@jessielynnbenton 25 күн бұрын

I am in a 30 week program it is continuos with no breaks in between the 5 week courses. They only allowed me to accept partial loans and partial Pell 2700 and loans 6500 the tuition is 8200 and I am a single parent of 3 qualified for the max amounts of the loans and the Pell but they won’t let me take it only gave me the option to accept or decline and it bothers me that the Pell grant would have almost covered the full tuition so if they didn’t want me to have living expenses they could have gave me the Pell and made me take the min amount of loans to cover the rest of the tuition is there anything I can do

@TheScholarshipSystem 24 күн бұрын