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When Will Financial Aid Disburse?

The time has come to pay for your college costs and panic sets in.  I remember receiving my tuition statement for my son when he attended USF and yet his student account showed no Prepaid Florida (which I was fortunate enough to have 4-year college and 1-year dorm) In addition, his bank account did not reflect his Bright Futures Scholarship funds. So when does this money get disbursed? Can you get a deferral for books, living accommodations, and student fees? For your student’s specific account details you should log into their OASIS account.

Here are some specifics:

Florida Prepaid

For any enrolled student who has an active Florida Prepaid College Plan, the University of South Florida will post payment 3-4 weeks after the start of classes. The tuition differentials exemptions and expected tuition payment amounts should start showing in your students OASIS account the week of August 6th. It is listed under the Memos section in your “View Account by Term: on OASIS.  Any account balance due is required to be paid by the October 5th deferment bill due date to avoid any late charges.

Please Remember –  You Will Not Receive A Bill For Tuition

Financial Aid
The timing of disbursements is contingent upon students meeting Satisfactory Academic Progress (SAP) that conforms to specific grade-based and time-based requirements. See the section on how to check your Satisfactory Academic Progress in OASIS here.

Disbursement of financial aid funds will begin on the sixth day of classes after your student’s enrollment is confirmed.  Before loans can be disbursed, first-time Federal Direct Loan and Perkins Loan borrowers must complete Entrance Counseling (see our blog). In addition, the master Promissory notes must be signed and on file. For more information, click here.

Payment Plans

USF does not offer payment plans or extensions of the payment deadline.
The payment deadline for students with billable Florida Prepaid tuition plans, Graduate Students and those students with Financial Aid deferments is Friday, October 5th, 2018. Students with balances for classes that were added late or started after 8/24/2018 will also need to pay by this deadline to avoid the late fee. Students without Tuition Deferment payments for the Fall are due in full on Friday, August 24th, 2018 to avoid cancellation of classes and late fee assessments for all classes started on 8/24/18. To qualify for Tuition deferment please visit financial aid deferments.

For third party billing( outside agencies or companies requesting to be invoiced for a student’s tuition and fees), the Student Accounting Office must be provided with a written authorization to bill the agency.  For additional information, please visit third party billing.

Bright Futures

Florida Bright Futures will disburse after drop/add. For the Fall of 2018, this will be on or around August 24th, after the first week of classes. For the spring of 2019, this date will be January 11th, 2019. Click here for more information on Bright Futures.

Book Deferral

Financial aid disbursements begin the second week of each semester, so students will not receive their financial aid refunds to buy books until then. For this reason, the Bookstore Advance Purchase Program (BAPP) allows you to charge books and supplies at any USF campus bookstore using your financial aid before it is disbursed.

Your purchase will be included as a charge on your student’s account. An email confirming your student’s eligibility for a book deferment will be sent to their USF email address before the start of classes each semester. If more than the $600 maximum is needed you may be considered for an increase if you have enough financial aid.

Rent Payments

The due dates for housing at USF for payment in full for the Fall of 2018 is November 1st, 2018 and for Spring 2019 on March 1st to avoid late fees. An installment rent payment is considered one monthly payment. There is no need to sign up for a payment plan. Check the USF calendar and pay by the first of each month in order to break up the semester payments equally, if you choose.  Click here for a breakdown of the rent. To make a payment, please follow the instructions which may be found here. Remember payment for the Fall Semester is due in full by November 1st to avoid the 5% late fee and March 1st, 2019 for the Spring Semester.

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2018-08-28T12:58:12+00:000 Comments

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