Once an aid offer has been packaged and you have accepted it, your aid offer will be credited (disbursed) to your account to cover any expenses on your ÑÇÖÞ²ÊƱ¹ÙÍø account.
If there is an excess of funds after paying your account, you will receive that amount back as a stipend.
Charges, stipends, and credits can all be viewed in your account.
It can take from 1-2 business days after your stipend is credited to your account before you receive it, depending on your preferred stipend option.
Paying for classes - ÑÇÖÞ²ÊƱ¹ÙÍø will apply all accepted financial aid and scholarships awards automatically towards tuition and fees, room, and board.
Paying for books and supplies - Any additional financial aid on your account, after tuition, fees, room, and board, can be used to pay for books and supplies in the ÑÇÖÞ²ÊƱ¹ÙÍø bookstore. Charging against your financial aid is available in the ÑÇÖÞ²ÊƱ¹ÙÍø bookstore the week before the start of school and will be available through the first week of classes.
Disbursement is the crediting of federal financial aid and scholarship funds to your ÑÇÖÞ²ÊƱ¹ÙÍø account. For this to occur, ÑÇÖÞ²ÊƱ¹ÙÍø must confirm attendance of your courses during the first week of classes before releasing the funds.
*Note* Aid offers are based on the number of required credits enrolled in at 8:00am on Monday after the second week of classes. If students increase their course load after disbursement, they will be responsible for any additional tuition and fees. Be sure aid offers have been accepted or declined in MyÑÇÖÞ²ÊƱ¹ÙÍø Self Service and all documents marked as received for funds to be credited to your account.
If the total financial aid and scholarship credit exceeds your total charges, a stipend will be issued to you. Set up your stipend preferences in your MyÑÇÖÞ²ÊƱ¹ÙÍø Self-Service portal, under Finances.
Direct Loan First-Time Borrowers - Must complete entrance counseling and their master promissory note (MPN) for funds to disburse. If this is your first-time attending college your loan will not be disbursed until 30 days after the start of the semester.
Parent PLUS Loans - Students / Parents have the right to cancel all or a portion of their PLUS loan(s) disbursed to them within 14 days from the disbursement date. They must return the funds to Eagle Central within 10 days of disbursement to allow for the processing of the loan return.
Returning Direct Loans - Students have the right to cancel all or a portion of their student loan(s) disbursed to them within 14 days from the disbursement date. They must return the funds to Eagle Central within 10 days of disbursement to allow for the processing of the loan return.
ÑÇÖÞ²ÊƱ¹ÙÍø can apply excess Federal Financial Aid funds towards other educationally related charges from a previous academic year. The amount cannot exceed $200.
*Note* These charges may include traffic/parking fines, childcare fees, library fines, late fees, reinstatement fees, and returned check charges, etc. Students can fill out an Authorization for the Deduction of Miscellaneous Charges form to have miscellaneous charges deducted from their Federal Financial Aid.