Receiving your aid
What is disbursement?
Disbursement is the
process of your financial aid paying for your NAU tuition and other university
charges. Once payment of your tuition
and fees have been made, your remaining award funds (if applicable) will be
directly deposited into your checking or savings account if you have direct
deposit. If you do not have direct
deposit, any extra funds will be mailed to your mailing address on record. Checks are not available for pick up in
approximately one week prior to the start of classes and is scheduled regularly
thereafter. Your funds will be deposited
to your student account approximately 48 - 72 hours after disbursement occurs. If you do not have direct deposit, a check
will be mailed to your mailing address on record, and may take an additional
5-10 days. Sign up for direct deposit at Student and Departmental Account Services.
Students are only
eligible to receive financial aid from one institution at a time. If you wish to attend more than one school in
one semester, you may be eligible to participate in a Consortium Agreement with that school.
If you receive
additional resources after your financial aid has disbursed, your eligibility
will be re-evaluated to ensure compliance with Federal Regulations. If you are still eligible for the amount you
have already received, then your new resources will be disbursed to you. If your additional resource affects your
existing awards, then adjustments will be made, and you may owe money
back. You are responsible for notifying
the Office of Student Financial Aid of any additional outside resources paid
directly to you.
You must be registered
in a degree seeking program for at least the number of credit hours indicated
on your Award Notice and/or scholarship agreement. Audits do not apply.