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Step #5: Receiving Your Financial Aid

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You’re almost there! Before your funds can pay your balance, here are a few things you should know.

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  • Before Receiving Your Funds
  • Financial aid will not disburse* until the following occurs:

    1. All “To Do List” items in MyEnsign are complete.

    For loans you must complete:

    2. You have accepted your financial aid offer.
    • Loans only–-the Pell Grant does not need to be accepted.

    3. You meet Satisfactory Academic Progress requirements.

    4. You are enrolled in classes (6 credit minimum to receive loans).

    5. Disbursements have begun for the semester.

    *A disbursement is when your financial aid funds are released into your student account to pay tuition and possibly other charges.
  • When Are Disbursements?
  • Disbursements for the semester usually start two to three business days before the first day of the semester and continue weekly during the semester.

  • Refunds
    • Students with excess funds after their federal aid has been disbursed will be issued a refund check.
    • Refund checks are typically available a few days after your aid has been disbursed.
    • The Cashier's Office will email you when your refund check is available.
    • If you are unable to pick up your refund check in person, it can be mailed to you.
  • Pell Grant Recalculation
    • Pell grant is awarded based on the credits you enroll in for the semester.
    • If your enrollment changes your pell will be adjusted.
    • Adjustments take place up until the Financial Aid Determination (FAD) date.
    • To view the FAD date, see the Calendar .

  • Pell Recalculation Example
  • The following is an example of how a Pell Grant may adjust based on your enrollment:

    • $1,000 for 12+ credits
    • $750 for 9-11 credits
    • $500 for 6-8 credits
    • $250 for 1-5 credits
Frequently Asked Questions
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    Does Ensign College have direct deposit?
    Ensign College does not yet have direct deposit available for students. Refunds are issued via check. If you cannot pick up your refund check, it can be mailed to you. Let the Cashier’s Office know if you are outside the U.S.
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    How can I buy my books?
    Students who receive a refund check can use the leftover funds from these checks to purchase books. Checks will be available to students within 7 days from the beginning of the term.
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    What charges will my financial aid cover?
    Federal aid will only pay your tuition charges unless you authorize it to cover other expenses. Refer to the “Authorize Charges” section on “Step #4 View your Financial Aid Awards” for more information.
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    My financial aid has gone through to my student account. Why do I still owe?
    There could be a few reasons for this:

    1. Your aid may not have been enough to pay all your charges
    2. If you are receiving Pell and have added or dropped courses, your charges and Pell amount may have been adjusted
    3. You did not authorize your financial aid to pay for anything other than tuition

Have a question? Our Virtual Assistant may be able to help.

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