Financial Aid Disbursement
Summer
2025
Financial Aid Disbursements will be made beginning
May 19, 2025
for students attending six credit hours during the first summer session. Financial Aid will
not be disbursed until you are in attendance of six or more credit hours.
For example, if you are enrolled in three credit hours for the first
summer session and three credit hours for the second session, your Finanical
Aid will not be disbursed until you are attending the second summer session
class. Federal Pell Grants are the exception. Pell Grant amounts will
be divided between summer sessions.
The University of Arkansas has partnered with BankMobile, a division of Customers Bank, to deliver
financial aid and other school refunds to University of Arkansas students. For more information about BankMobile,
visit this link:
https://disbursements.bmtx.com/refundchoicessso/.
Our school delivers your refund with BankMobile Disbursements, a technology solution, powered by BMTX, Inc. Visit this link for more information: https://disbursements.bmtx.com/refundchoicessso/..
For more information regarding disbursements, visit the
refund and financial aid delivery information page.
Disbursements
Students must meet all eligibility requirements for financial aid before any refund will be processed. The Treasurer’s Office will deduct all amounts owed
to the University from the nonfederal excess funds. Federal funds may only be used for the following:
- Current academic year tuition and fees (as described in Section 472 of the Higher Education Act) and housing.
- Other current charges that a student has incurred for educationally-related activities if written authorization is received from the student (or parent in the case of a PLUS loan).
- Prior award year charges for tuition and fees, housing, (and with permission, educationally related charges) for a total of not more than $200.00.
For more information, please visit
Fayetteville Policy 503.1.
Financial Aid Refunds
The University of Arkansas has partnered with BankMobile, a division of Customers Bank, to deliver
financial aid and other school refunds to University of Arkansas students. For more information about BankMobile,
visit this link: https://disbursements.bmtx.com/refundchoicessso/.
Our school delivers your refund with BankMobile Disbursements, a technology solution, powered by BMTX, Inc. Visit this link for more information: https://disbursements.bmtx.com/refundchoicessso/..
For more information regarding disbursements, visit the
refund and financial aid delivery information page.
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.
Disbursement Delays
Financial aid arrives at the Treasurer’s Office via the Office of Financial Aid and Scholarships.
Until all processing requirements for a given type of financial aid are met by the student
(hours of enrollment per term, MPN and entrance counseling complete), the Office of Financial Aid
and Scholarships is unable to release the funds to the Treasurer’s Office for disbursement.
Students should check their To Do's List on UAConnect
for documents needed or actions to be taken.
Any financial aid received in the form of a paper check with the student listed as a payee requires
an endorsement after it is in the possession of the University Cashiers Office (ARKU 214) before it can be
disbursed.
Parent Plus Loans (PPL)
A
Master Promissory Note (MPN)
is required before funds can be disbursed.
Once funds are received from Direct Loans and applied to the account, any surplus is returned to the parent in the form
of a refund check.
Stafford (Subsidized or Unsubsidized) Loan
A
Master Promissory Note (MPN)
and
Stafford Loan Entrance Counseling
are required before funds can be disbursed. Completion of an MPN and
Stafford Loan Entrance Counseling are required once during a student's collegiate career.
Outside Scholarships
For processing and general information on Outside Scholarships please visit the
Guide to Outside Scholarships page.
Information
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
Perkins Loans page.