Financial Aid & Electronic Funds Transfer (EFT)

Spring financial aid checks disbursement

For Spring semester 2004, financial aid checks will be disbursed starting Monday, February 2, 2004 for all students.

During this disbursement period, the office has extended hours and evening hours for night time and non-traditional students.

Pell Grant change checks will be available starting February 18, 2004

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)
Wisconsin Nursing Grant
Nursing Training Loan
Wisconsin Handicap Grant
Wisconsin Native American Student Grant
Wisconsin Indian Grant
Federal Perkins Loan
Minority Teacher Grant
Federal Stafford Loan
Scholarship checks

Beginning Fall 2003 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 credit card.

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 the teller will ask you to sign a receipt slip and ask you to endorse the check and will initiate the computer procedure to apply this check to your accountt. If the check is more than what you owe, a check will be generated a few days later for you to pick up.

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 spring 2004 the financial aid office will begin verifying that you have met the class credit requirements on January 26, 2003. 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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