Money, Money, Money

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When Will Financial Aid Disburse?

The time has come to pay for your college costs and money 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). Where is the money? 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 student’s OASIS account. 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 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 (this means money) 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.

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. In addition, the master Promissory notes must be signed and on file.

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, June 28th for Session B-Y. Students with balances for classes that were added late 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 23rd, 2019 to avoid cancellation of classes and late fee assessments for all classes started on 8/26/19. The tuition deadline for the Spring 2020 semester is January 17, 2020, on February 28, 2020, for those with financial aid deferments or Florida Prepaid. 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 Summer of 2019, this will be on or around June 28th and for the Fall of 2019, this will be on or around August 30th, after the first week of classes. For the spring of 2020, this date will be January 17th, 2020. 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 Summer A, C, G, W is May 17th, 2019, and Summer B is due June 28th. The fall deadline for 2019 is August 30th and for Spring 2020 on January 17th 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.  Breakdown of the rent. To make a payment, please follow the instructions.

If your student receives a private scholarship and the check is made out to them, they should notify the university’s financial aid office as it may impact their financial aid package. If the check is made payable to the university, they will need to mail it to the financial aid office.

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2020-08-20T14:38:29-04:000 Comments

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