Financial Aid & Electronic Funds Transfer (EFT)

Financial aid checks disbursement

Financial aid change checks are typically available on Wednesdays and Fridays (during the regular 14 week sessions). Because of holidays or school break sessions the day a check is available may be subject to change. If a change check is generated for you, you will receive a notification e-mail letting you know you have a check available at the cashiers office.

If you are unable to pick up your check, reply to the notification e-mail with your name, ID# and address you would like the check mailed to.

If you do not pick up your check within two weeks of getting your notification e-mail your check will be mailed to the address listed as your billing address.

Financial Aid checks

Financial aid funds disbursed through the cashiers office include, but not limited to:

Advanced Opportunity Grant (AOP)
Bureau of Indian Affairs Grant (BIA)
Federal Supplemental Educational Opportunity Grant (SEOG)
Federal Pell Grant
Lawton Undergraduate Minority Retention Grant
Talent Incentive Program (TIP)
Wisconsin Higher Education Grant (WHEG)
Nursing Student Grant
Training Nursing Loan
Wisconsin Native American Student Grant
Federal Perkins Loan
Minority Teacher Grant
Federal Stafford Loan
Scholarship checks

Beginning Fall 2004 semester, parents will need to authorized to have the Parent Loan for Undergraduate Student (PLUS) checks electronically applied directly to the students' account, otherwise the check will be mailed to the parent.

Most financial aid will be applied to your account via Electronic Funds Transfer (EFT).

If the applied amount of your financial aid is larger than the outstanding balance on your student account a change check will be issued in your name. There is a 3-5 day delay from the time the money is applied to when a change check is generated. The cashier's office will contact you via your university e-mail to inform you if a change check has been issued in your name.

If your financial aid checks are less than the outstanding bills, you may pay the difference with a check, cash, or via TitanWeb for Credit card payments.

If you are unable to pick up your financial aid check during our regular business hours contact us to make an arrangement. If you have no outstanding bill and pass all the requirements, we will mail your check. If there's a question, we will contact you through the daytime phone number or address you will provide us.

Financial Aid checks through small lending institutions

Financial aid requested through a smaller lending institution (and some large lending institutions) may come in the form of a paper check. The cashiers office will contact you via your university e-mail to inform you when the check is available to be signed and to be processed.

Upon arriving at the cashiers office the teller will determine if you pass the enrollment-level and eligibility requirements for each type of financial aid you are claiming. If you do and you have paid your tuition/fees, the teller will have you sign a receipt slip and give you the check. If the check is payable to you and the University, the teller will prepare a check payable to you only. If you have not paid your tuition/fees, any short term loan, and any departmental invoice, your financial aid checks will be used to pay these and you will receive a check for the balance.

If your financial aid checks are less than the outstanding bills, you may pay the difference with a check, cash, or credit card.

Rejecting a Stafford or Alternative Loan

Please contact the cashier's office or the Financial Aid Office. at Room 104, Dempsey Hall, or
phone (920) 424-3377

Perkins Loans

        Rejecting a Perkins loan
         Finding out Perkins loan balance
         How to pay off Perkins loan
         How to defer payment of Perkins loan

These and other questions about your Perkins loan, please contact Student Loans Office
at Room 232, Dempsey Hall or phone (920)424-1336.

Scholarship checks

        If a scholarship was sent directly to you, you should present it to the teller and it will be used to
         pay your tuition/fees. If you have no outstanding bill, the check will be given back to you.
         Information about the scholarship will be forwarded to Financial Aid Office.

If you were informed your scholarship check was sent directly to the University of Wisconsin Oshkosh the check will be applied toward your student account upon receiving it from the scholarship sponsor.

An e-mail will be sent to you if an endorsement is required to process the check.

What is the EFT Process?

A. Electronic Funds Transfer means that financial aid is automatically credited directly to the students accounts. First your bill will be reduced by the amount of aid applied to your account. If you receive more aid than you owe on your account, you will receive the excess funds in the form of a change check at the cashier's window, subject to the eligibility requirements.

For Fall 2004 the financial aid office will begin verifying that you have met the class credit requirements on August 31, 2004. If you do not meet these requirements, your financial aid may be returned and you may experience delays in receiving your aid.

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