Student Financial Services works closely with the Office of Student Financial Aid. Once the Office of Student Financial Aid releases the disbursements of financial aid funds on a particular student, the funds are applied automatically to the student’s account. If the financial aid disbursement amount exceeds the outstanding obligation, a net refund, in a form of a check or direct deposit, will be issued.
Student Financial Services is primarily responsible for mailing all refund checks as well as transferring refunds to various financial institutions if a student has opted for direct deposit. For more information on Check and Direct Deposit Refunds please click on this link Financial Aid Refund Process.
Student Financial Services, also, is responsible for the disbursement of all FAU’s Short-Term Loans for more information on short-term loans please click on this link Short-Term Loans. Reminder: Students will have to initiate the loan application process with the Office of Student Financial Aid by clicking here.
Student Financial Services, also, is responsible for administering FAU Long-Term Loan (Institutional Loan) and Perkins Loan. Once you have accepted the FAU Long-Term Loan or Perkins Loan with the Office of Student Financial Aid, Student Financial Services will receive notification of your loan award. At that time Student Financial Services will prepare and mail the promissory note to the respective students.