Financial Aid & Scholarships

Awards and Basic Information

The Office of Financial Aid and Scholarships continues to process financial aid applications on a daily basis and award weekly for records that meet the completed requirements.

This page and various pages of our website we will keep everyone abreast of the latest in the realm of financial aid.

Best wishes and look forward to a great academic year.
Maria del C. Ramos
Director, Office of Financial Aid & Scholarships

Disbursements for the 2015-2016 academic year

The earliest federal and state financial aid can be credited to university student accounts, is 10 days prior to the first day of classes for the semester. Disbursements begin at 5:00 p.m. on disbursement days.  Below are the dates when we will start to release financial aid for those students meeting all financial aid requirements in the semester. The dates represent when financial aid will start to be released to the Office of Student Accounts.  Specific online programs* have different release dates due to the length of the terms.


Disbursement Date

Fall 2015 8/21/2015
Spring 2016 1/9/2016
Summer I 5/27/2016
Summer II 7/1/2016
Summer 10 Week Session 5/27/2016

Dates can also be found on the Academic Calendar.

Special Note for one semester only loans 

Federal loan programs must always have two disbursements in any one loan period. The loan period is the first day of the semester through the last day of the semester. The 1st installment will occur no earlier than 10 days before the 1st class of the semester.  The 2nd installment will occur after the midpoint of the loan period or after the middle of the semester.


Second Disbursement Date

Fall 2015 10/14/2015
Spring 2016 3/16/2016
Summer I 6/21/2016
Summer II 7/26/2016
Summer 10 Week Session 7/1/2016

*For the BAAS-Organizational Leadership (TAB) program, where courses are nontraditional and 7-week courses throughout the year, the earliest day financial aid can be released will be specific to the term.

Term Start

Disbursement Date

11/30/2015 11/30/2015
1/25/2016 1/22/2016
3/21/2016 3/21/2016
5/16/2016 5/13/2016
7/11/2016 7/8/2016

“When will refunds be available, if applicable?”

On the disbursement date for a semester, financial aid is released to the Office of Student Accounts. The Office of Student Accounts takes the financial aid that was released to them and subtracts what the student owes for the semester. If the student has more financial aid than what they owe for the semester, they will have a credit balance. The Office of Student Accounts changes that credit balance into a refund and sends the electronic file to Higher One for processing and distribution of the refund to the student. All refunds require several business days to process. When a refund entry appears on your student account, you should add at least five to seven working days to the refund date to get an estimated completion date. Delivery time to your bank account or mail address will vary. If you change your registration (add and/or drop courses) after your refund was released to you and a balance appears on your student account, you will need to pay the balance with the proceeds of your refund.

For more information, contact the Office of Student Accounts at 903-886-5050 or 903-886-5501. You can also e-mail them at or visit their website. Also visit the Refunds webpage or the Higher One webpage.

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