Receiving your Funding

Once we have originated your funding through the Department of Education, an email will be sent to you by our Financial Aid Department.  This email will notify you of your total funding amount. 

Step 1:

Funding received from the Department of Education will be applied automatically to your Student Online Statement of Account within 7-10 business days of the start of your study period date.  The second installment will follow the same guidelines with disbursement in January. 

Student extending their study in the summer term will have one disbursement during this period within 7-10 business days of the start of their summer term. 

Step 2:

Credit balances that result from the disbursement of US Direct Loan funding will be handled in the following manner:

GRADUATE STUDENTS WITH AUTOMATIC DEPOSIT:

The credit balance will be auto deposited to the same account set up through Human Resources .  You must fill out the following Authorization form and submit it to Student Financial Aid in order for this to occur.

UNDERGRADUATE /GRADUATE STUDENTS NOT SET UP WITH AUTOMATIC DEPOSIT:

The credit balance will be refunded to you in the form of a cheque for pick up in Student Central located in the lobby of the Western Student Services Building.  An email will be sent to you from the Financial Aid office when the cheque is available for pickup.  You must present valid photo id.

STUDENTS WITH A FUNDING DISBURSEMENT FROM A PARENT PLUS LOAN:

In order to have the credit balance that resulted from a Parent Plus loan refunded to you, the student, the following Authorization form must be completed by the parent receiving the loan.

STUDENTS REQUESTING TRANSFER OF CREDITS TO OTHER DEPARTMENTS:

Credit balances on a student account can be sent to another department toward outstanding fees on your behalf.  Please complete the following Authorization form in order for this transfer to occur