The mailing of refund checks will begin three business days after the disbursement of financial aid. To ensure proper delivery, submit necessary address changes on ISIS using the Student Center. In the Personal Information section of your Student Center, click the Address1 or Address2 links to update your address information.
Checks will be mailed to the last permanent address on record, unless a separate check address has been submitted.
Monitor the status of your
financial aid (Disbursement Schedule) or
view refund checks (Account Summary) on ISIS.
http://isis.uark.edu;
and use your Login ID (the first part of your University e-address)
and password to sign in.Disbursement of financial aid and scholarships will begin on
August 17, 2009.
The mailing of refund checks will begin three business days after financial aid
is disbursed. They are mailed to the last permanent address on
record unless a separate check address has been submitted. Please
verify the permanent and/or check address before
August 14, 2009.
Visit http://isis.uark.edu
and use your Login ID (the first part of your University e-address)
and password to sign in. To verify/change your address follow these
links:
Self Service > Student Center. Then in the Personal Information section of your Student
Center, click the Address1 or Address2 links to update your address
information.
Effective July 1, 2008, the University of Arkansas can no longer hold prior-year balances out of current year Federal Financial Aid even with written consent from the student. These changes include restrictions on applying Federal Finanacial Aid funds to library charges, on-campus services, parking permits and certain other charges placed on your student account. It is the student's responsibility to pay balances due. Failure to pay balances in full by payment deadlines may prevent enrollemnt in future terms.
If the total of financial aid applied for the term is greater than the balance owed, the surplus will be refunded. A refund check will be produced when the account is overpaid and mailed to the last permanent address on record, unless a separate check address has been submitted or if direct deposit has been set up. It is the policy of the University to mail or direct deposit all financial aid refund checks.
CAUTION: Financial aid will only pay what is charged to a student account at the time financial aid is disbursed. If charges are incurred by the student after all financial aid has applied, the student will be responsible for the balance owed.
Financial aid arrives at the Treasurer's Office via the Offices of Financial Aid and Scholarships. Until all processing requirements for a given type of financial aid are met by the student, the Offices of Financial Aid and Scholarships are unable to release the funds to the Treasurer's Office for disbursement. And financial aid received in the form of a paper check, requires an endorsement after it is in the possession of the Cashier's Office before it can be disbursed. Listed below are some of the more common loans received by students and some of the processing requirements that are commonly overlooked.
If a PPL comes in the form of a paper check, it will require the endorsement of the parent before the funds can be disbursed. After Financial Aid delivers the check to the Cashier's Office, it is sent to the mailing address given by the parent in the PPL application. When payment is returned to the Cashier's Office the funds are applied to the account; and any surplus is returned to the parent in the form of a refund check.
A Master Promissory Note (MPN) must be signed and Perkins
Entrance Counseling completed before funds can be disbursed. The entrance interview may be completed
online. Students will be notified via their campus e-mail accounts requesting
that they visit Student Loans to sign their master promissory notes. Completion
of an MPN and Perkins Entrance Counseling are required once during a student's
collegiate career.
After a Master
Promissory Note (MPN) has been completed and sent to the lender,
completion of Stafford
Loan Entrance Counseling is required before funds
can be disbursed. If the funds arrive in the form of a paper check, the student
will be notified via their campus e-mail account requesting that they visit
the Cashier's Office to endorse the check. Completion of an MPN and Stafford
Loan Entrance Counseling are required once during a student's collegiate
career.
For complete processing information and requirements on the Parent Plus and
Stafford Loans, visit the Office
of Financial Aid. Processing information
and requirements for the Perkins Loan can be obtained from the Office
of Student Loans.