Disbursements
Disbursements
Overview
Any questions regarding the application and processing of your scholarships/grants/loans must be directed to the Financial Aid Office at (719) 255-3460.
After your aid is applied to your student account, Student Financials (Bursar) Office manages the disbursement process for any overpayment and credits on your account. The tentative disbursement dates are listed below for the upcoming semesters.
Refunds from financial aid funds are issued within 3-5 business days from disbursement via direct deposit or check, depending on the refund method requested.
Important Dates
| Disbursement Dates | Fall 2023 | Spring 2024 | Summer 2024 |
|---|---|---|---|
| First Disbursement Date. Students who have set up a Direct Deposit Account with UCCS will receive their funds faster than those receiving a check. UCCS recommends that students set up a direct deposit account. | August 11 | January 8 | May 31 |
| Short Term Loan Availability. Students demonstrating financial need can now request short-term loans. Students can log into the myUCCS Portal to access the form found under the Student Financials tab. | August 16 | January 12 | June 5 |
| Census Date. Refunds will begin processing on this date for students who have made an out-of-pocket overpayment, or who have withdrawn from classes (and paid out-of-pocket). | September 7 | January 31 | June 18 |
Direct Deposit Authorization
UCCS recommends that you set up a direct deposit account with the University to receive your refund as quickly as possible. To set up direct deposit, log into the myUCCS Portal > click on Student Financials (Bursar) > Authorize Direct Deposit of Tuition and Fee Refunds.
Perkins Loan Information
The University of Colorado Colorado Springs no longer services Federal Perkins loans. All Federal Perkins Loans have been assigned to the Department of Education.
Disbursement FAQ's
When is the financial aid disbursement?
Generally, the first disbursement will occur within the week before the first day of classes. Tentative dates are listed above.
Is Tuition Assistance the same as Financial Aid?
No, financial aid processes such as applying for aid, accepting aid awards, and disbursing aid are handled by the Financial Aid Office. For info regarding your aid awards themselves, you should contact the Financial Aid Office at (719) 255-3460.
When can I get a Short Term Loan?
During the Fall and Spring semester, short term loans are available 5 calendar days before classes begin. For interim classes and summer classes, book loans are available the day the class starts. To request a short-term loan, UCCS students can log into the myUCCS Portal to access the form found under the Student Financials tab.
How does financial aid pay my bill, and how much do I get back?
Financial aid awards (scholarships, grants, loans) are applied toward your balance with the University. This includes all current term tuition, fees, and housing. Other miscellaneous fines and fees will only be paid with a completed Title IV student permission form on file. This can be completed within your myUCCS portal under Student Financials (Bursar) > Grant Title IV Permission. Once your balance is paid-in-full, you will receive a refund (disbursement) for the remaining credit balance.
How often do disbursements occur?
Direct deposit disbursements occur nightly and paper check disbursements occur once a week with checks mailed every Friday. After the disbursement is processed on your student account, you can expect to receive your refund with 72 business hours by direct deposit, or by the end of the following week by check. If you are receiving a refund for a drop or withdrawal the disbursements will begin after census date if the payment method is not sourced from Financial Aid awards.